KWESST Micro Systems Inc. Stock Forecast

High volatility in KWESST Micro Systems Inc. stock price on Tuesday which ended trading at $0.630
(Updated on Jun 25, 2024)

KWE.V Signals & Forecast

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. The KWESST Micro Systems 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 $0.657 and $0.709. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -55.94%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for KWESST Micro Systems Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.550 and $0.500. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, KWESST Micro Systems Inc. finds support just below today's level at $0.550. If this is broken, then the next support from accumulated volume will be at $0.500 and $0.480.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0900 between high and low, or 15.52%. For the last week the stock has had daily average volatility of 11.42%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KWE.V) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect KWESST Micro Systems Inc. to open at $0.627, and during the day (based on 14 day Average True Range), to move between $0.477 and $0.783, which gives a possible trading interval of +/-$0.153 (+/-24.31%) up or down from last closing price. If KWESST Micro Systems Inc. takes out the full calculated possible swing range there will be an estimated 48.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.640 (1.59%) than the support at $0.550 (12.70%), 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 KWESST Micro Systems Inc. stock A Buy?

KWESST Micro Systems 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: -5.628 Strong Sell Candidate Unchanged

Predicted Opening Price for KWESST Micro Systems Inc. of Wednesday, June 26, 2024

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