Kernel Group Holdings, Inc. Stock Forecast

Volatile ride for Kernel Group Holdings, Inc. stock price on Tuesday moving between $0.129 and $0.149
(Updated on Jun 25, 2024)

KRNLW Signals & Forecast

Mostly positive signals in the chart today. The Kernel Group Holdings, 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 $0.132 and $0.109. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 21, 2024, and so far it has risen 180.00%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Kernel Group 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.

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

On the downside, the stock finds support just below today's level from accumulated volume at $0.130 and $0.125. 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, Kernel Group Holdings, Inc. finds support just below today's level at $0.130. If this is broken, then the next support from accumulated volume will be at $0.125 and $0.120.

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 $0.0197 between high and low, or 15.27%. For the last week, the stock has had daily average volatility of 12.10%.

Our recommended stop-loss: $0.135 (-3.72%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (KRNLW) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Kernel Group Holdings, Inc. to open at $0.139, and during the day (based on 14 day Average True Range), to move between $0.126 and $0.154, which gives a possible trading interval of +/-$0.0138 (+/-9.85%) up or down from last closing price. If Kernel Group Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 19.71% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.130, some $0.0100 (7.14%) from the current price of $0.140, our system finds the risk reward attractive.

Is Kernel Group Holdings, Inc. stock A Buy?

Kernel Group Holdings, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 8.252 Strong Buy Candidate Upgraded

Predicted Opening Price for Kernel Group Holdings, Inc. of Wednesday, June 26, 2024

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