K3 Business Technology Group plc Stock Forecast

Red day on Wednesday for K3 Business Technology Group plc stock after losing 0.93%
(Updated on Sep 02, 2020)

KBT.L Signals & Forecast

There are few to no technical positive signals at the moment. The K3 Business Technology Group 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 £1.14. On a fall, the stock will find some support from the short-term average at £0.98. 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. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). K3 Business Technology Group plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for K3 Business Technology Group plc stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. 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: £0.0500 (-5.00%) (Unable to calculate.)

Trading Expectations (KBT.L) For The Upcoming Trading Day Of Thursday 3rd

With no support below and resistance from accumulated volume @ £1.08, some £0.0100 (0.93%) from the current price of £1.07, our system finds the risk reward not very attractive.

Is K3 Business Technology Group plc stock A Buy?

K3 Business Technology Group plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

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 K3 Business Technology Group plc of Thursday, September 3, 2020

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