RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ECOR
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Red day on Wednesday for electroCore Inc. stock after losing 4.71%
(Updated on Mar 27, 2024)

Sell candidate since Mar 25, 2024 Loss -3.61% PDF

The electroCore Inc. stock price fell by -4.71% on the last day (Wednesday, 27th Mar 2024) from $6.16 to $5.87. During the last trading day the stock fluctuated 7.80% from a day low at $5.77 to a day high of $6.22. The price has fallen in 6 of the last 10 days and is down by -8.99% for this period. Volume has increased on the last day by 28 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 34 thousand shares were bought and sold for approximately $197.30 thousand.

The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $5.73 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect electroCore Inc. stock with a 90% probability to be traded between $5.79 and $7.75 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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ECOR Signals & Forecast

There are few to no technical positive signals at the moment. The electroCore Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $6.30 and $6.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, January 30, 2024, and so far it has fallen -22.97%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). electroCore Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for electroCore Inc. stock

electroCore Inc. finds support from accumulated volume at $5.83 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.450 between high and low, or 7.80%. For the last week, the stock has had daily average volatility of 5.01%.

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

Trading Expectations (ECOR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect electroCore Inc. to open at $5.95, and during the day (based on 14 day Average True Range), to move between $5.52 and $6.22, which gives a possible trading interval of +/-$0.346 (+/-5.90%) up or down from last closing price. If electroCore Inc. takes out the full calculated possible swing range there will be an estimated 11.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $5.83 (0.68%) than the resistance at $6.09 (3.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is electroCore Inc. stock A Buy?

electroCore Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.392 Sell Candidate Unchanged

Predicted Opening Price for electroCore Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$5.95 ( 1.42%) $5.87

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

Trading levels for ECOR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.40 9.09 %
R2 6.23 6.16 %
R1 6.13 4.35 %
Current price: 5.87
Support S1 5.78 -1.51 %
S2 5.68 -3.32 %
S3 5.50 -6.25 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 7.23 23.17 %
R2 6.48 10.39 %
R1 6.09 3.75 %
Current price 5.87
Support S1 5.83 -0.681%
S2 5.65 -3.75%
S3 0 .

FAQ

What is the symbol for electroCore Inc. Stock and on which exchange is it traded?
The symbol for electroCore Inc. is ECOR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell electroCore Inc. Stock?
electroCore Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy electroCore Inc. Stock?
electroCore Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy electroCore Inc. Stock.

What's the current price of electroCore Inc. Stock?
As of the end of day on the 2024-03-27, the price of an electroCore Inc. (ECOR) share was $5.87.

What is the 52-week high and low for electroCore Inc. Stock?
The 52-week high for electroCore Inc. Stock is $8.08 and the 52-week low is $3.83.

What is the market capitalization of electroCore Inc. Stock?
As of the 2024-03-27, the market capitalization of electroCore Inc. is 35.235M.

When is the next earnings date for electroCore Inc.?
The upcoming earnings date for electroCore Inc. is May 01, 2024.
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