XLON:KBT
Delisted

K3 Business Technology Group plc Stock Forecast

£1.07
-0.0100 (-0.93%)
At Close: Sep 02, 2020

Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 15 - 85 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Red day on Wednesday for K3 Business Technology Group plc
(Updated on Sep 02, 2020)

Hold candidate since Jan 06, 2020 Loss -26.71% PDF

The K3 Business Technology Group plc stock price fell by -0.93% on the last day (Wednesday, 2nd Sep 2020) from £1.08 to £1.07. During the last trading day the stock fluctuated 0% from a day low at £1.05 to a day high of £1.05. The price has been going up and down for this period, and there has been a 33.75% gain for the last 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately £3.71 thousand.

Given the current horizontal trend, you can expect K3 Business Technology Group plc stock with a 90% probability to be traded between £1.06 and £1.07 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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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

Fair opening price September 3, 2020 Current price
£1.06 ( 1.25%) £1.07

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

Trading levels for KBT.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.06 -1.25 %
R2 1.06 -1.25 %
R1 1.06 -1.25 %
Current price: 1.07
Support S1 1.06 -1.25 %
S2 1.06 -1.25 %
S3 1.06 -1.25 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 1.08 0.93 %
Current price 1.07
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for K3 Business Technology Group plc Stock and on which exchange is it traded?
The symbol for K3 Business Technology Group plc is KBT.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell K3 Business Technology Group plc Stock?
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.

How to buy K3 Business Technology Group plc Stock?
K3 Business Technology Group plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy K3 Business Technology Group plc Stock.

What's the current price of K3 Business Technology Group plc Stock?
As of the end of day on the 2020-09-02, the price of an K3 Business Technology Group plc (KBT.L) share was £1.07.

What is the 52-week high and low for K3 Business Technology Group plc Stock?
The 52-week high for K3 Business Technology Group plc Stock is £2.15 and the 52-week low is £0.700.

What is the market capitalization of K3 Business Technology Group plc Stock?
As of the 2020-09-02, the market capitalization of K3 Business Technology Group plc is 48.171M.
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