Klarna Group plc stock plunges 22% after $149 billion guidance cut

Klarna Group plc stock (KLAR) suffered a violent single-session repricing on August 18. The daily candle closed at 15.06 after touching a 15.01 low. A strong Q2 beat was overshadowed by a full-year GMV guidance cut.

Key takeaways

• Klarna Group plc stock closed at 15.06 on August 18 after opening at 15.66 and touching a 15.01 low.
• Q2 results beat on revenue and profit, yet the stock posted a 19% to 22% single-day drop.
• Full-year GMV guidance was trimmed to $149 billion from a prior figure above $155 billion.
• Daily RSI14 at 30.69 and hourly RSI14 at 14.34 signal oversold conditions.
• Near-term support sits at 14.65 on the daily chart and 14.97 on the hourly chart.

Daily Chart: Klarna Group plc Stock Confirms a Bearish Structure

The daily chart confirms a bearish structure for Klarna Group plc stock. The August 18 candle opened at 15.66, hit a high of 16.18, and closed at 15.06 after dipping to 15.01. Price now sits below the EMA20 at 19.11, the EMA50 at 18.64, and the EMA200 at 22.44.

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