Big movements in iCoreConnect, Inc. stock price on Thursday moving 158.80% between high and low

The iCoreConnect, Inc. stock price gained 104.35% on the last trading day (Thursday, 3rd Apr 2025), rising from $2.07 to $4.23. During the last trading day the stock fluctuated 158.80% from a day low at $2.42 to a day high of $6.25. The price has fallen in 6 of the last 10 days but is still up by 754.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 164 million more shares were traded than the day before. In total, 176 million shares were bought and sold for approximately $744.25 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $4.66 will firstly indicate a slower falling rate, but may be the first sign of a trend shift.Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Mostly positive signals in the chart today. The iCoreConnect, Inc. 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 $2.05 and $1.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 02, 2025, and so far it has risen 104.35%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $3.84 between high and low, or 158.80%. For the last week, the stock has had daily average volatility of 131.49%.

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.