RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of KRNT
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Weaker technical forecast for Kornit Digital Ltd. as stock downgraded to Hold/Accumulate.
(Updated on Jul 12, 2024)

Buy or Hold candidate since Jul 11, 2024 Gain 0.72% PDF

The Kornit Digital Ltd. stock price gained 0.721% on the last trading day (Friday, 12th Jul 2024), rising from $15.25 to $15.36. During the last trading day the stock fluctuated 1.86% from a day low at $15.30 to a day high of $15.59. The price has risen in 6 of the last 10 days and is up by 5.21% over the past 2 weeks. Volume fell on the last day by -21 thousand shares and in total, 166 thousand shares were bought and sold for approximately $2.55 million. 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 the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $15.50 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.17% during the next 3 months and, with a 90% probability hold a price between $12.45 and $14.39 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

KRNT Signals & Forecast

The Kornit Digital Ltd. 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 $15.12 and $14.75. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Monday, July 08, 2024, and so far it has fallen -1.41%. Further fall is indicated until a new bottom pivot has been found.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Monday, July 08, 2024 and based on theory for this formation the price should fall by -17.83% to $12.62 within 15 trading days (Monday, July 29, 2024) since signal was issued.

Support, Risk & Stop-loss for Kornit Digital Ltd. stock

Kornit Digital Ltd. finds support from accumulated volume at $15.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.285 between high and low, or 1.86%. For the last week, the stock has had daily average volatility of 4.22%.

Our recommended stop-loss: $14.81 (-3.55%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (KRNT) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Kornit Digital Ltd. to open at $15.42, and during the day (based on 14 day Average True Range), to move between $14.82 and $15.90, which gives a possible trading interval of +/-$0.535 (+/-3.48%) up or down from last closing price. If Kornit Digital Ltd. takes out the full calculated possible swing range there will be an estimated 6.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.38 (0.13%) than the support at $15.18 (1.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Kornit Digital Ltd. stock A Buy?

Kornit Digital Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 Buy to a Hold/Accumulate candidate.

Current score: 0.394 Hold/Accumulate Downgraded

Predicted Opening Price for Kornit Digital Ltd. of Monday, July 15, 2024

Fair opening price July 15, 2024 Current price
$15.42 ( 0.358%) $15.36

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

Trading levels for KRNT

Fibonacci Support & Resistance Levels

Level Price
R3 15.70 2.21%
R2 15.59 1.50%
R1 15.52 1.07%
Price 15.36
S1 15.31 -0.351%
S2 15.24 -0.789%
S3 15.13 -1.50%

Accumulated Volume Support & Resistance Levels

Level Price
R3 15.57 1.37%
R2 15.54 1.17%
R1 15.38 0.130%
Price 15.36
S1 15.18 -1.17%
S2 14.67 -4.49%
S3 14.22 -7.42%

FAQ

What is the symbol for Kornit Digital Ltd. Stock and on which exchange is it traded?
The symbol for Kornit Digital Ltd. is KRNT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Kornit Digital Ltd. Stock?
Kornit Digital Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 Buy to a Hold/Accumulate candidate.

How to buy Kornit Digital Ltd. Stock?
Kornit Digital Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Kornit Digital Ltd. Stock.

What's the current price of Kornit Digital Ltd. Stock?
As of the end of day on the Jul 12, 2024, the price of an Kornit Digital Ltd. (KRNT) share was $15.36.

What is the 52-week high and low for Kornit Digital Ltd. Stock?
The 52-week high for Kornit Digital Ltd. Stock is $31.94 and the 52-week low is $13.29.

What is the market capitalization of Kornit Digital Ltd. Stock?
As of the Jul 12, 2024, the market capitalization of Kornit Digital Ltd. is 733.214M.

When is the next earnings date for Kornit Digital Ltd.?
The upcoming earnings date for Kornit Digital Ltd. is Aug 14, 2024.
Click to get the best stock tips daily for free!

About Kornit Digital Ltd.

Kornit Digital Ltd. Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company's solutions include digital printing systems, ink and other consumables, associated software, and value-added services. Its products and services include direct-to-garment printing platfor... KRNT Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT