Katapult Holdings, Inc. Stock Forecast

Volatile ride for Katapult Holdings, Inc. stock price on Wednesday moving between $0.0124 and $0.0184
(Updated on May 01, 2024)

KPLTW 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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0132 and $0.0179. 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). Katapult Holdings, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Tuesday, March 19, 2024, and so far it has fallen -38.46%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Katapult Holdings, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0165 and $0.0155. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Katapult Holdings, Inc. finds support just below today's level at $0.0165. If this is broken, then the next support from accumulated volume will be at $0.0155 and $0.0149.

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 $0.0060 between high and low, or 48.39%. For the last week, the stock has had daily average volatility of 11.79%.

Our recommended stop-loss: $0.0173 (-5.90%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 30 days ago.)

Trading Expectations (KPLTW) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Katapult Holdings, Inc. to open at $0.0164, and during the day (based on 14 day Average True Range), to move between $0.0152 and $0.0216, which gives a possible trading interval of +/-$0.0032 (+/-17.60%) up or down from last closing price. If Katapult Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 35.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0185 (0.54%) than the support at $0.0165 (10.33%), 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?

Katapult Holdings, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Katapult Holdings, Inc. of Thursday, May 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.