Joint Stock Company Kaspi.kz Stock Forecast

Evaluation of Joint Stock Company Kaspi.kz stock downgraded after the last trading session.
(Updated on Jun 28, 2024)

KSPI Signals & Forecast

The Joint Stock Company Kaspi.kz 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 $131.28. On a fall, the stock will find some support from the long-term average at approximately $124.99. 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 Wednesday, June 26, 2024, and so far it has fallen -5.08%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, May 22, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Joint Stock Company Kaspi.kz stock

Joint Stock Company Kaspi.kz finds support from accumulated volume at $123.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $6.21 (4.82%) between high and low. For the last week, the stock has had daily average volatility of 4.05%.

Our recommended stop-loss: $121.40 (-5.90%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 52 days ago.)

Trading Expectations (KSPI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Joint Stock Company Kaspi.kz to open at $130.93, and during the day (based on 14 day Average True Range), to move between $124.41 and $133.61, which gives a possible trading interval of +/-$4.60 (+/-3.56%) up or down from last closing price. If Joint Stock Company Kaspi.kz takes out the full calculated possible swing range there will be an estimated 7.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $130.98 (1.53%) than the support at $123.50 (4.27%), 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 Joint Stock Company Kaspi.kz stock A Buy?

Joint Stock Company Kaspi.kz 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: 0.940 Hold/Accumulate Downgraded

Predicted Opening Price for Joint Stock Company Kaspi.kz of Monday, July 1, 2024

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