Kaya Holdings Stock Forecast
Big movements in Kaya Holdings stock price on Friday moving 12.20% between high and low
(Updated on Apr 26, 2024)
The Kaya Holdings stock price gained 10.26% on the last trading day (Friday, 26th Apr 2024), rising from $0.0390 to $0.0430. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 12.20% from a day low at $0.0410 to a day high of $0.0460. The price has risen in 4 of the last 10 days and is up by 21.13% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 27 thousand more shares were traded than the day before. In total, 58 thousand shares were bought and sold for approximately $2.48 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0396, a level that may pose a second chance to hit a runner. According to fan-theory $0.0516 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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KAYS Signals & Forecast
The Kaya Holdings stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0332 and $0.0359. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 53.57%. 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). Kaya Holdings has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Kaya Holdings stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0408 and $0.0400. 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, Kaya Holdings finds support just below today's level at $0.0408. If this is broken, then the next support from accumulated volume will be at $0.0400 and $0.0390.
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 $0.0050 between high and low, or 12.20%. For the last week, the stock has had daily average volatility of 15.23%.
Our recommended stop-loss: $0.0414 (-3.62%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (KAYS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Kaya Holdings to open at $0.0433, and during the day (based on 14 day Average True Range), to move between $0.0393 and $0.0467, which gives a possible trading interval of +/-$0.0037 (+/-8.71%) up or down from last closing price. If Kaya Holdings takes out the full calculated possible swing range there will be an estimated 17.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0436 (1.47%) than the support at $0.0408 (5.23%), 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 Kaya Holdings stock A Buy?
Kaya Holdings 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Kaya Holdings of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.0433 ( 0.775%) | $0.0430 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAYS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0483 | 12.40 % | |
| R2 | 0.0464 | 7.96 % | ||
| R1 | 0.0452 | 5.22 % | ||
| Current price: | 0.0430 | |||
| Support | S1 | 0.0414 | -3.67 % | |
| S2 | 0.0402 | -6.41 % | ||
| S3 | 0.0383 | -10.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0470 | 9.30 % | |
| R2 | 0.0449 | 4.42 % | ||
| R1 | 0.0436 | 1.47 % | ||
| Current price | 0.0430 | |||
| Support | S1 | 0.0408 | -5.23% | |
| S2 | 0.0400 | -6.98% | ||
| S3 | 0.0390 | -9.30% |
FAQ
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