Keen Vision Acquisition Corp Warrant Stock Forecast
Keen Vision Acquisition Corp Warrant stock price took a fall of -31.95% on Tuesday
(Updated on Jul 02, 2024)
The Keen Vision Acquisition Corp Warrant stock price fell by -31.95% on the last day (Tuesday, 2nd Jul 2024) from $0.0748 to $0.0509. During the last trading day the stock fluctuated 0.197% from a day low at $0.0508 to a day high of $0.0509. The price has been going up and down for this period, and there has been a 52.4% gain for the last 2 weeks. Volume has increased on the last day by 300 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 300 shares were bought and sold for approximately $15.27 .
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 -24.51% during the next 3 months and, with a 90% probability hold a price between $0.0156 and $0.0650 at the end of this 3-month period.
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KVACW Signals & Forecast
The Keen Vision Acquisition Corp Warrant 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 $0.0501 and $0.0483. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, July 01, 2024, and so far it has fallen -31.95%. Further fall is indicated until a new bottom pivot has been found. Keen Vision Acquisition Corp Warrant gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Keen Vision Acquisition Corp Warrant stock
Keen Vision Acquisition Corp Warrant finds support from accumulated volume at $0.0500 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 $0.0001 between high and low, or 0.197%. For the last week, the stock has had daily average volatility of 5.09%.
Our recommended stop-loss: $0.0484 (-4.88%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (KVACW) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Keen Vision Acquisition Corporation Warrant to open at $0.0509, and during the day (based on 14 day Average True Range), to move between $0.0376 and $0.0642, which gives a possible trading interval of +/-$0.0133 (+/-26.04%) up or down from last closing price. If Keen Vision Acquisition Corporation Warrant takes out the full calculated possible swing range there will be an estimated 52.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0500 (1.77%) than the resistance at $0.0548 (7.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Keen Vision Acquisition Corporation Warrant stock A Buy?
Keen Vision Acquisition Corp Warrant 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Keen Vision Acquisition Corporation Warrant of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$0.0509 ( 0.0655%) | $0.0509 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KVACW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0510 | 0.131% |
R2 | 0.0509 | 0.0559% |
R1 | 0.0509 | 0.0096% |
Price | 0.0509 | |
S1 | 0.0508 | -0.141% |
S2 | 0.0508 | -0.187% |
S3 | 0.0508 | -0.262% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0613 | 20.43% |
R2 | 0.0600 | 17.88% |
R1 | 0.0548 | 7.66% |
Price | 0.0509 | |
S1 | 0.0500 | -1.77% |
S2 | 0.0425 | -16.50% |
S3 | 0.0400 | -21.41% |
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