RSI low/high Values: [ 15 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of KMK.L
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Red day on Wednesday for Kromek Group Plc stock after losing 0.87%
(Updated on Mar 27, 2024)

Sell candidate since Mar 11, 2024 Loss -9.52% PDF

The Kromek Group Plc stock price fell by -0.87% on the last day (Wednesday, 27th Mar 2024) from £5.75 to £5.70. During the last trading day the stock fluctuated 6.18% from a day low at £5.65 to a day high of £6.00. The price has fallen in 7 of the last 10 days and is down by -9.52% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 448 thousand shares were bought and sold for approximately £2.55 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £5.28 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.05% during the next 3 months and, with a 90% probability hold a price between £6.18 and £10.24 at the end of this 3-month period.

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KMK.L Signals & Forecast

There are mixed signals in the stock today. The Kromek 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 £6.58. On a fall, the stock will find some support from the short-term average at £5.57. 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 Monday, February 05, 2024, and so far it has fallen -28.75%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Kromek Group Plc stock

Kromek Group Plc finds support from accumulated volume at £5.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.349 between high and low, or 6.18%. For the last week, the stock has had daily average volatility of 13.15%.

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

Trading Expectations (KMK.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Kromek Group Plc to open at £5.78, and during the day (based on 14 day Average True Range), to move between £5.04 and £6.36, which gives a possible trading interval of +/-£0.659 (+/-11.57%) up or down from last closing price. If Kromek Group Plc takes out the full calculated possible swing range there will be an estimated 23.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £5.75 (0.88%) than the support at £5.60 (1.75%), 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 Kromek Group Plc stock A Buy?

Kromek Group 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: -2.401 Sell Candidate Unchanged

Predicted Opening Price for Kromek Group Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£5.78 ( 1.47%) £5.70

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

Trading levels for KMK.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.13 7.59 %
R2 6.00 5.25 %
R1 5.92 3.81 %
Current price: 5.70
Support S1 5.65 -0.87 %
S2 5.57 -2.32 %
S3 5.43 -4.65 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 7.10 24.56 %
R2 6.30 10.53 %
R1 5.75 0.88 %
Current price 5.70
Support S1 5.60 -1.75%
S2 5.50 -3.51%
S3 5.10 -10.53%

FAQ

What is the symbol for Kromek Group Plc Stock and on which exchange is it traded?
The symbol for Kromek Group Plc is KMK.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Kromek Group Plc Stock?
Kromek Group 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.

How to buy Kromek Group Plc Stock?
Kromek 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 Kromek Group Plc Stock.

What's the current price of Kromek Group Plc Stock?
As of the end of day on the 2024-03-27, the price of an Kromek Group Plc (KMK.L) share was £5.70.

What is the 52-week high and low for Kromek Group Plc Stock?
The 52-week high for Kromek Group Plc Stock is £8.67 and the 52-week low is £3.00.

What is the market capitalization of Kromek Group Plc Stock?
As of the 2024-03-27, the market capitalization of Kromek Group Plc is 35.641M.

When is the next earnings date for Kromek Group Plc?
The upcoming earnings date for Kromek Group Plc is Jul 22, 2024.
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About Kromek Group Plc

Kromek Group Plc Kromek Group plc, together with its subsidiaries, develops, manufactures, and sells radiation detection components and devices for the medical imaging, civil nuclear industry, CBRNe security, and safety screening markets in the United Kingdom, North America, Asia, Europe, Australasia, and Africa. The company's products provide high-resolution information on material composition and structure that are used in various applications, ranging from the... KMK.L Profile

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