Kavango Resources Plc Stock Forecast

Kavango Resources Plc stock price down 0% on Friday
(Updated on Apr 19, 2024)

KAV.L Signals & Forecast

The Kavango Resources Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £1.03 and £0.85. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -4.55%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Kavango Resources Plc stock

Kavango Resources Plc finds support from accumulated volume at £1.03 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 £0.0999 between high and low, or 9.99%. For the last week, the stock has had daily average volatility of 13.70%.

Our recommended stop-loss: £1.00 (-5.23%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (KAV.L) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Kavango Resources Plc to open at £1.05, and during the day (based on 14 day Average True Range), to move between £0.95 and £1.15, which gives a possible trading interval of +/-£0.102 (+/-9.71%) up or down from last closing price. If Kavango Resources Plc takes out the full calculated possible swing range there will be an estimated 19.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £1.03 (2.38%) than the resistance at £1.10 (4.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kavango Resources Plc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kavango Resources Plc stock to perform well in the short-term.

Current score: 2.461 Buy Candidate Unchanged

Predicted Opening Price for Kavango Resources Plc of Monday, April 22, 2024

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