Katapult Holdings, Inc. Stock Forecast
Volatile ride for Katapult Holdings, Inc. stock price on Friday moving between $13.50 and $14.99
(Updated on May 03, 2024)
The Katapult Holdings, Inc. stock price fell by -1.18% on the last day (Friday, 3rd May 2024) from $14.08 to $13.91. During the last trading day the stock fluctuated 11.04% from a day low at $13.50 to a day high of $14.99. The price has risen in 7 of the last 10 days and is up by 53.53% over the past 2 weeks. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 13 thousand shares were bought and sold for approximately $180.75 thousand.
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 -21.06% during the next 3 months and, with a 90% probability hold a price between $6.29 and $12.58 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KPLT Signals & Forecast
The Katapult Holdings, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.69 and $11.01. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -1.18%. Further fall is indicated until a new bottom pivot has been found. Katapult Holdings, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Katapult Holdings, Inc. stock
Katapult Holdings, Inc. finds support from accumulated volume at $13.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.49 between high and low, or 11.04%. For the last week, the stock has had daily average volatility of 10.55%.
Our recommended stop-loss: $13.52 (-2.81%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (KPLT) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Katapult Holdings, Inc. to open at $14.13, and during the day (based on 14 day Average True Range), to move between $12.94 and $14.88, which gives a possible trading interval of +/-$0.97 (+/-6.98%) up or down from last closing price. If Katapult Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 13.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.95 (0.29%) than the support at $13.48 (3.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Katapult Holdings, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.011 Buy Candidate Unchanged
Predicted Opening Price for Katapult Holdings, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $14.13 ( 1.61%) | $13.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KPLT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.62 | 12.32 % | |
| R2 | 15.05 | 8.23 % | ||
| R1 | 14.70 | 5.70 % | ||
| Current price: | 13.91 | |||
| Support | S1 | 13.56 | -2.49 % | |
| S2 | 13.21 | -5.01 % | ||
| S3 | 12.64 | -9.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.48 | 4.10 % | |
| R2 | 14.13 | 1.58 % | ||
| R1 | 13.95 | 0.288 % | ||
| Current price | 13.91 | |||
| Support | S1 | 13.48 | -3.09% | |
| S2 | 12.76 | -8.27% | ||
| S3 | 12.00 | -13.73% |
FAQ
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