Kora Saúde Participações S.A. Stock Forecast

Kora Saúde Participações S.A. stock price down 0% on Friday
(Updated on May 17, 2024)

KRSA3.SA Signals & Forecast

There are few to no technical positive signals at the moment. The Kora Saúde Participações S.A. 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 R$0.699 and R$0.766. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -22.99%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for Kora Saúde Participações S.A. stock

Kora Saúde Participações S.A. finds support from accumulated volume at R$0.660 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 R$0.0200 between high and low, or 3.08%. For the last week the stock has had daily average volatility of 4.45%.

Kora Saúde Participações S.A. is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KRSA3.SA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Kora Saúde Participações S.A. to open at R$0.663, and during the day (based on 14 day Average True Range), to move between R$0.622 and R$0.718, which gives a possible trading interval of +/-R$0.0482 (+/-7.19%) up or down from last closing price. If Kora Saúde Participações S.A. takes out the full calculated possible swing range there will be an estimated 14.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at R$0.660 (1.49%) than the resistance at R$0.700 (4.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kora Saúde Participações S.A. stock A Buy?

Kora Saúde Participações S.A. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -5.969 Strong Sell Candidate Unchanged

Predicted Opening Price for Kora Saúde Participações S.A. of Monday, May 20, 2024

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