36Kr Holdings Inc. Stock Forecast
Big movements in 36Kr Holdings Inc. stock price on Tuesday moving 17.21% between high and low
(Updated on Jun 25, 2024)
The 36Kr Holdings Inc. stock price fell by -5.00% on the last day (Tuesday, 25th Jun 2024) from $0.380 to $0.361. During the last trading day the stock fluctuated 17.21% from a day low at $0.337 to a day high of $0.395. The price has fallen in 7 of the last 10 days and is down by -5.12% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -833 thousand shares and in total, 1 million shares were bought and sold for approximately $487.19 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 $0.346 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 8.24% during the next 3 months and, with a 90% probability hold a price between $0.374 and $0.535 at the end of this 3-month period.
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KRKR Signals & Forecast
There are few to no technical positive signals at the moment. The 36Kr Holdings Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.375 and $0.400. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -9.75%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
A sell signal from a double top formation was found on Tuesday, May 28, 2024 with a target of $0.388. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for 36Kr Holdings Inc. stock
36Kr Holdings Inc. finds support from accumulated volume at $0.354 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0580 between high and low, or 17.21%. For the last week the stock has had daily average volatility of 23.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KRKR) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect 36Kr Holdings Inc. to open at $0.364, and during the day (based on 14 day Average True Range), to move between $0.303 and $0.419, which gives a possible trading interval of +/-$0.0582 (+/-16.11%) up or down from last closing price. If 36Kr Holdings Inc. takes out the full calculated possible swing range there will be an estimated 32.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.354 (1.91%) than the resistance at $0.380 (5.26%), 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?
The 36Kr Holdings Inc. stock holds several negative signals and despite the positive trend, we believe 36Kr Holdings Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.972 Sell Candidate Upgraded
Predicted Opening Price for 36Kr Holdings Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.364 ( 0.92%) | $0.361 |
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 | 0.422 | 16.99% |
| R2 | 0.400 | 10.85% |
| R1 | 0.386 | 7.06% |
| Price | 0.361 | |
| S1 | 0.342 | -5.21% |
| S2 | 0.328 | -9.01% |
| S3 | 0.306 | -15.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.430 | 19.11% |
| R2 | 0.400 | 10.80% |
| R1 | 0.380 | 5.26% |
| Price | 0.361 | |
| S1 | 0.354 | -1.91% |
| S2 | 0.344 | -4.71% |
| S3 | 0.340 | -5.82% |
FAQ
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