RSI low/high Values: [ 25 - 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 KXIN
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Kaixin Auto Holdings stock downgraded to Strong Sell Candidate
(Updated on Mar 28, 2024)

Sell candidate since Jan 30, 2024 Loss -72.68% PDF

The Kaixin Auto Holdings stock price fell by -0.796% on the last day (Thursday, 28th Mar 2024) from $0.201 to $0.199. During the last trading day the stock fluctuated 9.08% from a day low at $0.192 to a day high of $0.209. The price has risen in 6 of the last 10 days and is up by 4.02% over the past 2 weeks. 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 -11 thousand shares and in total, 214 thousand shares were bought and sold for approximately $42.69 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 $0.131, a level that may pose a second chance to hit a runner. According to fan-theory $0.437 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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KXIN Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kaixin Auto Holdings 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 $0.232. On a fall, the stock will find some support from the short-term average at $0.198. 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 12, 2024, and so far it has fallen -39.58%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Kaixin Auto Holdings stock

Kaixin Auto Holdings finds support from accumulated volume at $0.195 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0174 between high and low, or 9.08%. For the last week the stock has had daily average volatility of 7.67%.

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

Trading Expectations (KXIN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Kaixin Auto Holdings to open at $0.200, and during the day (based on 14 day Average True Range), to move between $0.174 and $0.225, which gives a possible trading interval of +/-$0.0254 (+/-12.72%) up or down from last closing price. If Kaixin Auto Holdings takes out the full calculated possible swing range there will be an estimated 25.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.195 (2.16%) than the resistance at $0.222 (11.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kaixin Auto Holdings stock A Buy?

Kaixin Auto Holdings 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.661 Strong Sell Candidate Downgraded

Predicted Opening Price for Kaixin Auto Holdings of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.200 ( 0.301%) $0.199

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

Trading levels for KXIN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.217 9.03 %
R2 0.211 5.69 %
R1 0.207 3.63 %
Current price: 0.199
Support S1 0.193 -3.03 %
S2 0.189 -5.09 %
S3 0.183 -8.43 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.233 16.95 %
R2 0.230 15.35 %
R1 0.222 11.38 %
Current price 0.199
Support S1 0.195 -2.16%
S2 0.193 -3.26%
S3 0.192 -3.86%

FAQ

What is the symbol for Kaixin Auto Holdings Stock and on which exchange is it traded?
The symbol for Kaixin Auto Holdings is KXIN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Kaixin Auto Holdings Stock?
Kaixin Auto Holdings 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

How to buy Kaixin Auto Holdings Stock?
Kaixin Auto Holdings Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Kaixin Auto Holdings Stock.

What's the current price of Kaixin Auto Holdings Stock?
As of the end of day on the 2024-03-28, the price of an Kaixin Auto Holdings (KXIN) share was $0.199.

What is the 52-week high and low for Kaixin Auto Holdings Stock?
The 52-week high for Kaixin Auto Holdings Stock is $3.55 and the 52-week low is $0.170.

What is the market capitalization of Kaixin Auto Holdings Stock?
As of the 2024-03-28, the market capitalization of Kaixin Auto Holdings is 5.355M.

When is the next earnings date for Kaixin Auto Holdings?
The upcoming earnings date for Kaixin Auto Holdings is May 21, 2024.
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About Kaixin Auto Holdings

Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. As of December 31, 2021, the company had 14 used car dealerships covering 14 cities in 12 provinces in China. It also provides financing channels to customers and other in-network dealers through partnerships wit... KXIN Profile

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