RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EMKR
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Red day on Thursday for EMCORE Corporation stock after losing 4.75%
(Updated on Mar 28, 2024)

Sell candidate since Mar 05, 2024 Loss -18.29% PDF

The EMCORE Corporation stock price fell by -4.75% on the last day (Thursday, 28th Mar 2024) from $0.362 to $0.345. During the last trading day the stock fluctuated 7.25% from a day low at $0.345 to a day high of $0.370. The price has fallen in 5 of the last 10 days and is down by -9.21% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -198 thousand shares and in total, 438 thousand shares were bought and sold for approximately $151.13 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -28.50% during the next 3 months and, with a 90% probability hold a price between $0.181 and $0.372 at the end of this 3-month period.

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EMKR Signals & Forecast

There are few to no technical positive signals at the moment. The EMCORE Corporation 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 $0.369 and $0.405. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -22.99%. 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). 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.

Support, Risk & Stop-loss for EMCORE Corporation stock

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 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 $0.0250 between high and low, or 7.25%. For the last week the stock has had daily average volatility of 8.57%.

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

Trading Expectations (EMKR) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect EMCORE Corporation to open at $0.353, and during the day (based on 14 day Average True Range), to move between $0.310 and $0.380, which gives a possible trading interval of +/-$0.0347 (+/-10.05%) up or down from last closing price. If EMCORE Corporation takes out the full calculated possible swing range there will be an estimated 20.10% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.362, some $0.0170 (4.93%) from the current price of $0.345, our system finds the risk reward not very attractive.

Is EMCORE Corporation stock A Buy?

EMCORE Corporation 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: -4.433 Sell Candidate Unchanged

Predicted Opening Price for EMCORE Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.353 ( 2.42%) $0.345

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

Trading levels for EMKR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.378 9.66 %
R2 0.369 6.89 %
R1 0.363 5.18 %
Current price: 0.345
Support S1 0.344 -0.353 %
S2 0.338 -2.06 %
S3 0.328 -4.83 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.425 23.19 %
R2 0.382 10.72 %
R1 0.362 4.93 %
Current price 0.345
Support S1 0 .
S2 0 .
S3 0 .

EMKR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 06, 2016 Aug 01, 2016 Jul 29, 2016 $1.50 23.15%
2 Jul 14, 2016 Jul 14, 2016 Jul 29, 2016 $1.50 23.15%

FAQ

What is the symbol for EMCORE Corporation Stock and on which exchange is it traded?
The symbol for EMCORE Corporation is EMKR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell EMCORE Corporation Stock?
EMCORE Corporation 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 EMCORE Corporation Stock?
EMCORE Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy EMCORE Corporation Stock.

What's the current price of EMCORE Corporation Stock?
As of the end of day on the 2024-03-28, the price of an EMCORE Corporation (EMKR) share was $0.345.

What is the 52-week high and low for EMCORE Corporation Stock?
The 52-week high for EMCORE Corporation Stock is $1.24 and the 52-week low is $0.308.

What is the market capitalization of EMCORE Corporation Stock?
As of the 2024-03-28, the market capitalization of EMCORE Corporation is 26.676M.

When is the next earnings date for EMCORE Corporation?
The upcoming earnings date for EMCORE Corporation is May 02, 2024.
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About EMCORE Corporation

EMCORE EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in the United States, Canada, Asia, Europe, and internationally. It operates in two segments, Aerospace and Defense, and Broadband. The company offers navigation system and inertial sensing products, such as fiber optic gyros products that includes gyroscopes, inertial measurement units (IMU), and inertial navigation systems (INS), as well as QMEMS ... EMKR Profile

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