Kiora Pharmaceuticals, Inc. Stock Forecast
Green day on Tuesday for Kiora Pharmaceuticals, Inc.
(Updated on Jul 02, 2024)
The Kiora Pharmaceuticals, Inc. stock price gained 2.07% on the last trading day (Tuesday, 2nd Jul 2024), rising from $4.35 to $4.44. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.21% from a day low at $4.27 to a day high of $4.54. The price has risen in 7 of the last 10 days and is up by 4.96% over the past 2 weeks. Volume fell on the last day by -60 thousand shares and in total, 12 thousand shares were bought and sold for approximately $51.15 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong 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 195.82% during the next 3 months and, with a 90% probability hold a price between $4.24 and $17.97 at the end of this 3-month period.
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KPRX Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -17.16%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Kiora Pharmaceuticals, 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 $4.20 and $2.16. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Monday, October 30, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, October 30, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Kiora Pharmaceuticals, Inc. stock
Kiora Pharmaceuticals, Inc. finds support from accumulated volume at $4.35 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.265 between high and low, or 6.21%. For the last week the stock has had daily average volatility of 10.41%.
Our recommended stop-loss: $4.24 (-4.61%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (KPRX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Kiora Pharmaceuticals, Inc. to open at $4.42, and during the day (based on 14 day Average True Range), to move between $3.98 and $4.90, which gives a possible trading interval of +/-$0.456 (+/-10.28%) up or down from last closing price. If Kiora Pharmaceuticals, Inc. takes out the full calculated possible swing range there will be an estimated 20.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.35 (2.03%) than the resistance at $4.84 (9.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kiora Pharmaceuticals, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kiora Pharmaceuticals, Inc. stock to perform well in the short-term.
Current score: 2.483 Buy Candidate Unchanged
Predicted Opening Price for Kiora Pharmaceuticals, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $4.42 ( 0.563%) | $4.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KPRX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.68 | 5.41% |
| R2 | 4.58 | 3.13% |
| R1 | 4.52 | 1.72% |
| Price | 4.44 | |
| S1 | 4.31 | -2.84% |
| S2 | 4.25 | -4.25% |
| S3 | 4.15 | -6.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.36 | 20.72% |
| R2 | 4.92 | 10.81% |
| R1 | 4.84 | 9.01% |
| Price | 4.44 | |
| S1 | 4.35 | -2.03% |
| S2 | 4.23 | -4.73% |
| S3 | 4.00 | -9.91% |
FAQ
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