Katoro Gold Plc Stock Forecast

High volatility in Katoro Gold Plc stock price on Wednesday which ended trading at £0.0900
(Updated on Apr 24, 2024)

KAT.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 12.50%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Katoro Gold Plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £0.0916. On a fall, the stock will find some support from the short-term average at £0.0856. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Katoro Gold Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.0850 and £0.0820. 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, Katoro Gold Plc finds support just below today's level at £0.0850. If this is broken, then the next support from accumulated volume will be at £0.0820 and £0.0800.

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 £0.0125 between high and low, or 15.63%. For the last week, the stock has had daily average volatility of 10.14%.

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

Trading Expectations (KAT.L) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Katoro Gold Plc to open at £0.0875, and during the day (based on 14 day Average True Range), to move between £0.0805 and £0.0995, which gives a possible trading interval of +/-£0.0095 (+/-10.52%) up or down from last closing price. If Katoro Gold Plc takes out the full calculated possible swing range there will be an estimated 21.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £0.0925 (2.78%) than the support at £0.0850 (5.56%), 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 Katoro Gold Plc stock A Buy?

Katoro Gold Plc 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: -1.703 Sell Candidate Unchanged

Predicted Opening Price for Katoro Gold Plc of Thursday, April 25, 2024

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