Friday May 24, 2019 Change 0.00% Price £4.00
Chart period: 2019-02-25 - 2019-05-24
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will KAV.L stock price go up or down on Tue, 28 May 2019?

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Kavango Resources Plc Forecast and Stock Analysis

Technical KAV.L stock analysis for Friday May 24, 2019.

Buy candidate since 2019-05-17 Loss -2.44%


No changes to the price of Kavango Resources Plc in the last trading day ( Friday, 24th May 2019 ). During day the stock fluctuated 0.00% from a day low at £4.00 to a day high of £4.00. The price has fallen in 6 of the last 10 days , but is still up by 23.08% over the past 2 weeks.

Quick summary:

  • 30 day high of the KAV.L stock price was £4.60 and low was £2.50.
  • 90 day high was £4.60 and low was £2.50.
  • 52 week high for the Kavango Resources Plc - £4.60 and low - £1.70.

Trend

Kavango Resources Plc lies in the upper part of a very wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £4.25 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 19.12% during the next 3 months and, with 90% probability hold a price between £3.51 and £5.06 at the end of this period.

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Signals

Kavango Resources Plc holds buy signals from both short- and long-term moving averages. In addition, 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 £3.91 and £3.27. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday May 23, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.

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Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Kavango Resources Plc finds support from accumulated volume at £3.95.

Support: £3.95 Price: £4.00 Resistance: £4.10

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 10.63%.

Our recommended stoploss: £3.77 (-5.78%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)

10.63 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Will KAV.L stock price go up or down
on Tue, 28 May 2019?

Predict

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