K2 Gold Corporation Stock Forecast
K2 Gold Corporation stock price ended at $0.0900 on Monday, after losing 0%.
(Updated on Jun 24, 2024)
No changes to the price of K2 Gold Corporation stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0900 to a day high of $0.0900. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0823 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -24.42% during the next 3 months and, with a 90% probability hold a price between $0.0622 and $0.103 at the end of this 3-month period.
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KTO.V Signals & Forecast
There are mixed signals in the stock today. The K2 Gold Corporation 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 $0.0971 and $0.108. A break-up above any of these levels will issue buy signals. 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". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for K2 Gold Corporation stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 7.62%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KTO.V) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect K2 Gold Corporation to open at $0.0900, and during the day (based on 14 day Average True Range), to move between $0.0824 and $0.0976, which gives a possible trading interval of +/-$0.0076 (+/-8.41%) up or down from last closing price. If K2 Gold Corporation takes out the full calculated possible swing range there will be an estimated 16.83% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.100, some $0.0100 (11.11%) from the current price of $0.0900, our system finds the risk reward not very attractive.
Is K2 Gold Corporation stock A Buy?
K2 Gold Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.257 Sell Candidate Unchanged
Predicted Opening Price for K2 Gold Corporation of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $0.0900 ( 0.00000000%) | $0.0900 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KTO.V
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0900 | 0.00000000% |
| R2 | 0.0900 | 0.00000000% |
| R1 | 0.0900 | 0.00000000% |
| Price | 0.0900 | |
| S1 | 0.0900 | 0.00000000% |
| S2 | 0.0900 | 0.00000000% |
| S3 | 0.0900 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.110 | 22.22% |
| R2 | 0.105 | 16.67% |
| R1 | 0.100 | 11.11% |
| Price | 0.0900 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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