Katapult Holdings, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Big movements in Katapult Holdings, Inc. stock price on Friday moving 27.45% between high and low
(Updated on May 17, 2024)
The Katapult Holdings, Inc. stock price fell by -20.73% on the last day (Friday, 17th May 2024) from $0.0193 to $0.0153. During the last trading day the stock fluctuated 27.45% from a day low at $0.0153 to a day high of $0.0195. The price has risen in 5 of the last 10 days but is still down by -17.74% for this period. Volume has increased on the last day by 10 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, 10 thousand shares were bought and sold for approximately $146.13 .
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.82% during the next 3 months and, with a 90% probability hold a price between $0.0105 and $0.0313 at the end of this 3-month period.
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KPLTW Signals & Forecast
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. The Katapult Holdings, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0164 and $0.0157. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -48.83%. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Katapult Holdings, Inc. stock
Katapult Holdings, Inc. finds support from accumulated volume at $0.0149 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 $0.0042 between high and low, or 27.45%. For the last week, the stock has had daily average volatility of 20.15%.
Our recommended stop-loss: $0.0146 (-4.88%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (KPLTW) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Katapult Holdings, Inc. to open at $0.0167, and during the day (based on 14 day Average True Range), to move between $0.0118 and $0.0188, which gives a possible trading interval of +/-$0.0035 (+/-22.92%) up or down from last closing price. If Katapult Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 45.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0155 (1.31%) than the support at $0.0149 (2.61%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0167 ( 9.15%) | $0.0153 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KPLTW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0209 | 36.60 % | |
| R2 | 0.0193 | 26.12 % | ||
| R1 | 0.0183 | 19.64 % | ||
| Current price: | 0.0153 | |||
| Support | S1 | 0.0151 | -1.34 % | |
| S2 | 0.0141 | -7.81 % | ||
| S3 | 0.0125 | -18.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0179 | 16.99 % | |
| R2 | 0.0165 | 7.84 % | ||
| R1 | 0.0155 | 1.31 % | ||
| Current price | 0.0153 | |||
| Support | S1 | 0.0149 | -2.61% | |
| S2 | 0.0122 | -20.26% | ||
| S3 | 0.0117 | -23.53% |
FAQ
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