Kingswood Holdings Limited Stock Forecast

Weaker technical forecast for Kingswood Holdings Limited as stock downgraded to Sell Candidate.
(Updated on May 17, 2024)

KWG.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kingswood Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £11.37 and £11.32. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Friday, March 01, 2024 with a target of £10.22. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for Kingswood Holdings Limited stock

Kingswood Holdings Limited finds support from accumulated volume at £10.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. 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 0%.

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

Trading Expectations (KWG.L) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Kingswood Holdings Limited to open at £10.50, and during the day (based on 14 day Average True Range), to move between £10.22 and £10.78, which gives a possible trading interval of +/-£0.284 (+/-2.70%) up or down from last closing price. If Kingswood Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £11.00 (4.76%) than the support at £10.00 (4.76%), 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 Kingswood Holdings Limited stock A Buy?

The Kingswood Holdings Limited stock holds several negative signals and despite the positive trend, we believe Kingswood Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.227 Sell Candidate Downgraded

Predicted Opening Price for Kingswood Holdings Limited of Monday, May 20, 2024

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