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Understanding the Risks of Investing in KULR Technology Group Inc (KULR)

In a filing, KULR Technology Group Inc revealed its 10% Owner Knowles Timothy Ray unloaded Company’s shares for reported $0.1 million on Mar 25 ’24. In the deal valued at $0.29 per share,361,338 shares were sold. As a result of this transaction, Knowles Timothy Ray now holds 14,268,027 shares worth roughly $6.56 million.

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Then, Knowles Timothy Ray sold 460,037 shares, generating $101,208 in total proceeds. Upon selling the shares at $0.22, the 10% Owner now owns 14,629,365 shares.

Before that, Knowles Timothy Ray sold 510,598 shares. KULR Technology Group Inc shares valued at $117,438 were divested by the 10% Owner at a price of $0.23 per share. As a result of the transaction, Knowles Timothy Ray now holds 15,089,402 shares, worth roughly $6.94 million.

Alliance Global Partners initiated its KULR Technology Group Inc [KULR] rating to a Buy in a research note published on October 18, 2021; the price target was $3.50.

Price Performance Review of KULR

On Monday, KULR Technology Group Inc [AMEX:KULR] saw its stock jump 0.20% to $0.46. Over the last five days, the stock has gained 3.76%. KULR Technology Group Inc shares have risen nearly 147.51% since the year began. Nevertheless, the stocks have fallen -31.88% over the past one year. While a 52-week high of $1.10 was reached on 04/11/24, a 52-week low of $0.10 was recorded on 02/09/24. SMA at 50 days reached $0.4147, while 200 days put it at $0.3857. A total of 4.64 million shares were traded, compared to the trading of 3.65 million shares in the previous session.

Levels Of Support And Resistance For KULR Stock

The 24-hour chart illustrates a support level at 0.4303, which if violated will result in even more drops to 0.4026. On the upside, there is a resistance level at 0.4853. A further resistance level may holdings at 0.5126. The Relative Strength Index (RSI) on the 14-day chart is 48.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0018, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.13%. Stochastics %K at 40.46% indicates the stock is a holding.

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