Deepika- Kefi stock price prediction: The KEFI share price has taken a massive hit after its financial reports. See the reason.
- The price is slowly rising after its all-time low see where are the supports and resistances for trading
- Resistance is close, and MACD gave a buy signal. What to do?
Why is KEFI Gold and Copper stock falling?
AMIGO stock price prediction: The AMGO share price has taken a massive hit after recent financial reports. KEFI Gold and Copper’s earnings are declining at -0.7%, which is contradictory to the metals and mining industry, which seems to grow at 19.2%. with almost nil revenue. This has made the situation of the share price even worse as the existing investors are drying up.
The company posts regular losses, so any ratio or earnings-related metric is negative. all these results have impacted the share price, which has continuously fallen for the last 10 years!
In the recent past, the chart pattern shows that very few buyers are available, and the bearish candles have no upside wicks, which means that there is no prior downside rejection from bulls.
After breaking the resistance of GBX 0.676, the KEFI share price rose in November. and started consolidating between the price levels of GBX 0.654 and GBX 0.994 for 222 days. The stock has come down and is trading at its recent levels.
KEFI Share price current performance.
Currently, the KEFI share price has broken major support. It is trading at the level of GBX 0.610, between some supports and resistances, while the indicators are also giving some insights for the near future.
support: The immediate support is at the level of GBX 0.499, a previous support level near its all-time low and tested before.
The second support has no backing as it was made on a round-off level of GBX 350, being just psychological support and not backed by any volume. This will be a risk-averse zone.
Resistance: the first and immediate resistance is at the level of GBX 0.676, which was recently broken support during the 222-day consolidation. Meanwhile, the second resistance is at the cap of GBX 0.994.
Indicators:
MACD: The MACD chart has just come above the neutral mark. After the signal line crossed the MACD line back on 21 June, it has been giving a signal of strong Moving price averages and some recent slight uptrend in the share price.
RSI: The RSI has just come up over its neutral territory of 55 after touching the level of 30 points back in July. It is looking forward to a slight uptrend.
EMAs: The 50 EMA has come down, crossing the 200 EMA in June 2023, which has indicated a downtrend, but keeping in mind that the EMAs are lagging indicators, the price will mostly react upon taking support or resistances from them. The 50 EMA is at the level of GBX 0632, and the 200 EMA is at the level of GBX 0.720.
Conclusion:
KEFI’s share price has been continuously declining because of the financial reports it is publishing, and the company is experiencing a downside growth in revenue while the industry is going up.
As per trading in the stock, The MACD has given a buy signal while the traders have to wait for the price to move over the 50 EMA. If the price took a resistance from it, then it will most likely fall with the bulls to its first support.
A more risk-cautious trade will go in after the price has crossed the immediate resistance.
Technicals:
Support: GBX 0.499, GBX 0.350
Resistance: GBX 0.676, GBX 0.994
RSI: 55
50 EMA: GBX 0.632
200 EMA: GBX 0.720
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
