KULR Technology Group, Inc. Stock Forecast
Big movements in KULR Technology Group, Inc. stock price on Tuesday moving 16.33% between high and low
(Updated on Apr 23, 2024)
The KULR Technology Group, Inc. stock price gained 16.40% on the last trading day (Tuesday, 23rd Apr 2024), rising from $0.446 to $0.520. During the last trading day the stock fluctuated 16.33% from a day low at $0.490 to a day high of $0.570. The price has fallen in 6 of the last 10 days and is down by -29.74% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 million more shares were traded than the day before. In total, 21 million shares were bought and sold for approximately $11.00 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 163.86% during the next 3 months and, with a 90% probability hold a price between $0.98 and $2.31 at the end of this 3-month period.
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KULR Signals & Forecast
The KULR Technology Group, Inc. 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 $0.484 and $0.404. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical 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 Thursday, April 11, 2024, and so far it has fallen -35.61%. 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).
Support, Risk & Stop-loss for KULR Technology Group, Inc. stock
KULR Technology Group, Inc. finds support from accumulated volume at $0.505 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0800 between high and low, or 16.33%. For the last week, the stock has had daily average volatility of 18.05%.
Our recommended stop-loss: $0.487 (-6.22%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (KULR) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect KULR Technology Group, Inc. to open at $0.527, and during the day (based on 14 day Average True Range), to move between $0.413 and $0.626, which gives a possible trading interval of +/-$0.106 (+/-20.45%) up or down from last closing price. If KULR Technology Group, Inc. takes out the full calculated possible swing range there will be an estimated 40.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.505 (2.79%) than the resistance at $0.582 (12.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KULR Technology Group, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for KULR Technology Group, Inc. stock to perform well in the short-term.
Current score: 3.880 Buy Candidate Unchanged
Predicted Opening Price for KULR Technology Group, Inc. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.527 ( 1.33%) | $0.520 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KULR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.607 | 16.73 % | |
| R2 | 0.576 | 10.85 % | ||
| R1 | 0.557 | 7.22 % | ||
| Current price: | 0.520 | |||
| Support | S1 | 0.496 | -4.55 % | |
| S2 | 0.477 | -8.18 % | ||
| S3 | 0.447 | -14.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.586 | 12.68 % | ||
| R1 | 0.582 | 12.05 % | ||
| Current price | 0.520 | |||
| Support | S1 | 0.505 | -2.79% | |
| S2 | 0.424 | -18.44% | ||
| S3 | 0.410 | -21.09% |
FAQ
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