Knightscope, Inc. Stock Forecast
Red day on Friday for Knightscope, Inc.
(Updated on Apr 26, 2024)
The Knightscope, Inc. stock price fell by -2.56% on the last day (Friday, 26th Apr 2024) from $0.457 to $0.445. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.80% from a day low at $0.444 to a day high of $0.474. The price has fallen in 8 of the last 10 days and is down by -17.05% 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 -166 thousand shares and in total, 872 thousand shares were bought and sold for approximately $387.95 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.62% during the next 3 months and, with a 90% probability hold a price between $0.358 and $0.545 at the end of this 3-month period.
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KSCP Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 3.49%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Knightscope, 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 $0.460 and $0.491. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Knightscope, Inc. stock
Knightscope, Inc. finds support from accumulated volume at $0.437 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 $0.0302 between high and low, or 6.80%. For the last week the stock has had daily average volatility of 8.96%.
Knightscope, Inc. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KSCP) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Knightscope, Inc. to open at $0.454, and during the day (based on 14 day Average True Range), to move between $0.396 and $0.494, which gives a possible trading interval of +/-$0.0487 (+/-10.94%) up or down from last closing price. If Knightscope, Inc. takes out the full calculated possible swing range there will be an estimated 21.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.437 (1.87%) than the resistance at $0.480 (7.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Knightscope, Inc. stock A Buy?
Knightscope, Inc. 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: -2.464 Sell Candidate Unchanged
Predicted Opening Price for Knightscope, Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.454 ( 2.11%) | $0.445 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KSCP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.485 | 8.90 % | |
| R2 | 0.473 | 6.31 % | ||
| R1 | 0.466 | 4.70 % | ||
| Current price: | 0.445 | |||
| Support | S1 | 0.443 | -0.480 % | |
| S2 | 0.436 | -2.08 % | ||
| S3 | 0.424 | -4.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.555 | 24.72 % | |
| R2 | 0.540 | 21.26 % | ||
| R1 | 0.480 | 7.87 % | ||
| Current price | 0.445 | |||
| Support | S1 | 0.437 | -1.87% | |
| S2 | 0.425 | -4.47% | ||
| S3 | 0.410 | -7.84% |
FAQ
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