KORE Mining Ltd. Stock Forecast
KORE Mining Ltd. stock price down 0% on Friday
(Updated on Jun 28, 2024)
No changes to the price of KORE Mining Ltd. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0322 to a day high of $0.0322. The price has been going up and down for this period, and there has been a 11.81% gain for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.79% during the next 3 months and, with a 90% probability hold a price between $0.0254 and $0.0413 at the end of this 3-month period.
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KOREF Signals & Forecast
The KORE Mining Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0366. On a fall, the stock will find some support from the long-term average at approximately $0.0319. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for KORE Mining Ltd. stock
KORE Mining Ltd. finds support from accumulated volume at $0.0322 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $0.0303 (-5.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (KOREF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect KORE Mining Ltd. to open at $0.0322, and during the day (based on 14 day Average True Range), to move between $0.0299 and $0.0345, which gives a possible trading interval of +/-$0.0023 (+/-7.21%) up or down from last closing price. If KORE Mining Ltd. takes out the full calculated possible swing range there will be an estimated 14.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0322 (0.12%) than the resistance at $0.0325 (0.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KORE Mining Ltd. stock A Buy?
KORE Mining Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for KORE Mining Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$0.0322 ( 0%) | $0.0322 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOREF
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0322 | - |
R2 | 0.0322 | - |
R1 | 0.0322 | - |
Price | 0.0322 | |
S1 | 0.0322 | - |
S2 | 0.0322 | - |
S3 | 0.0322 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0380 | 18.01% |
R2 | 0.0358 | 11.18% |
R1 | 0.0325 | 0.93% |
Price | 0.0322 | |
S1 | 0.0322 | -0.121% |
S2 | 0.0300 | -6.83% |
S3 | 0.0290 | -9.94% |
FAQ
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