Kernel Group 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 Kernel Group Holdings, Inc. stock price on Friday moving 36.36% between high and low
(Updated on Jun 28, 2024)
The Kernel Group Holdings, Inc. stock price fell by -8.75% on the last day (Friday, 28th Jun 2024) from $0.143 to $0.130. During the last trading day the stock fluctuated 36.36% from a day low at $0.110 to a day high of $0.150. The price has risen in 4 of the last 10 days and is up by 0.31% over the past 2 weeks. Volume has increased on the last day by 440 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, 453 thousand shares were bought and sold for approximately $59.08 thousand.
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 86.26% during the next 3 months and, with a 90% probability hold a price between $0.161 and $0.269 at the end of this 3-month period.
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KRNLW Signals & Forecast
The Kernel Group Holdings, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.135. On a fall, the stock will find some support from the long-term average at approximately $0.112. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -8.75%. 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). Kernel Group 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 Kernel Group Holdings, Inc. stock
Kernel Group Holdings, Inc. finds support from accumulated volume at $0.130 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 $0.0400 between high and low, or 36.36%. For the last week, the stock has had daily average volatility of 16.41%.
Our recommended stop-loss: $0.126 (-3.53%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (KRNLW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kernel Group Holdings, Inc. to open at $0.130, and during the day (based on 14 day Average True Range), to move between $0.115 and $0.146, which gives a possible trading interval of +/-$0.0153 (+/-11.72%) 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 23.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.130 (0.31%) than the resistance at $0.137 (4.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kernel Group Holdings, Inc. stock A Buy?
Kernel Group 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 Strong Buy to a Hold/Accumulate candidate.
Current score: -0.589 Hold/Accumulate Downgraded
Predicted Opening Price for Kernel Group Holdings, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.130 ( 0.204%) | $0.130 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KRNLW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.170 | 30.47% |
| R2 | 0.155 | 18.75% |
| R1 | 0.145 | 11.51% |
| Price | 0.130 | |
| S1 | 0.115 | -11.92% |
| S2 | 0.105 | -19.16% |
| S3 | 0.0901 | -30.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.143 | 9.59% |
| R2 | 0.140 | 7.36% |
| R1 | 0.137 | 4.91% |
| Price | 0.130 | |
| S1 | 0.130 | -0.307% |
| S2 | 0.120 | -8.05% |
| S3 | 0.100 | -23.31% |
FAQ
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