36Kr Holdings Inc. Stock Forecast
Big movements in 36Kr Holdings Inc. stock price on Monday moving 20.28% between high and low
(Updated on Jun 17, 2024)
The 36Kr Holdings Inc. stock price gained 1.73% on the last trading day (Monday, 17th Jun 2024), rising from $0.382 to $0.389. During the last trading day the stock fluctuated 20.28% from a day low at $0.335 to a day high of $0.403. The price has fallen in 5 of the last 10 days and is down by -2.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 thousand more shares were traded than the day before. In total, 57 thousand shares were bought and sold for approximately $22.23 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.384 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.52% during the next 3 months and, with a 90% probability hold a price between $0.420 and $0.540 at the end of this 3-month period.
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KRKR Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 2.13%. Further rise is indicated until a new top pivot has been found. 36Kr 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. The 36Kr 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 $0.399 and $0.398. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for 36Kr Holdings Inc. stock
36Kr Holdings Inc. finds support from accumulated volume at $0.377 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0679 between high and low, or 20.28%. For the last week, the stock has had daily average volatility of 14.50%.
Our recommended stop-loss: $0.364 (-6.24%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (KRKR) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect 36Kr Holdings Inc. to open at $0.375, and during the day (based on 14 day Average True Range), to move between $0.345 and $0.432, which gives a possible trading interval of +/-$0.0437 (+/-11.25%) up or down from last closing price. If 36Kr Holdings Inc. takes out the full calculated possible swing range there will be an estimated 22.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.377 (3.01%) than the resistance at $0.420 (8.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is 36Kr Holdings Inc. stock A Buy?
36Kr 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.898 Hold/Accumulate Upgraded
Predicted Opening Price for 36Kr Holdings Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.375 ( 3.41%) | $0.389 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KRKR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.443 | 14.07% |
| R2 | 0.417 | 7.39% |
| R1 | 0.401 | 3.27% |
| Price | 0.389 | |
| S1 | 0.349 | -10.08% |
| S2 | 0.333 | -14.20% |
| S3 | 0.307 | -20.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.438 | 12.69% |
| R2 | 0.430 | 10.65% |
| R1 | 0.420 | 8.08% |
| Price | 0.389 | |
| S1 | 0.377 | -3.01% |
| S2 | 0.370 | -4.79% |
| S3 | 0.365 | -6.07% |
FAQ
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