Energy Focus Stock Forecast

Red day on Friday for Energy Focus
(Updated on Apr 26, 2024)

EFOI 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 Energy Focus 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 $1.55. On a fall, the stock will find some support from the short-term average at $1.46. 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 Thursday, February 22, 2024, and so far it has fallen -35.62%. 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 Energy Focus stock

Energy Focus finds support from accumulated volume at $1.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0100 between high and low, or 0.671%. For the last week the stock has had daily average volatility of 11.06%.

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

Trading Expectations (EFOI) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Energy Focus to open at $1.50, and during the day (based on 14 day Average True Range), to move between $1.37 and $1.63, which gives a possible trading interval of +/-$0.134 (+/-8.95%) up or down from last closing price. If Energy Focus takes out the full calculated possible swing range there will be an estimated 17.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.48 (1.67%) than the resistance at $1.67 (11.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Energy Focus stock A Buy?

Energy Focus 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.

Current score: -1.153 Sell Candidate Unchanged

Predicted Opening Price for Energy Focus of Monday, April 29, 2024

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