EMCORE Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in EMCORE Corporation stock price on Thursday which ended trading at $2.85
(Updated on Apr 18, 2024)
The EMCORE Corporation stock price fell by -2.06% on the last day (Thursday, 18th Apr 2024) from $2.91 to $2.85. During the last trading day the stock fluctuated 13.04% from a day low at $2.76 to a day high of $3.12. The price has fallen in 6 of the last 10 days and is down by -11.21% for this period. Volume has increased on the last day by 47 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, 309 thousand shares were bought and sold for approximately $881.23 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 126.45% during the next 3 months and, with a 90% probability hold a price between $1.87 and $9.24 at the end of this 3-month period.
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EMKR Signals & Forecast
The EMCORE Corporation 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 $2.84 and $1.38. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -21.70%. Further fall is indicated until a new bottom pivot has been found. EMCORE Corporation 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 EMCORE Corporation stock
EMCORE Corporation finds support from accumulated volume at $2.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.360 between high and low, or 13.04%. For the last week, the stock has had daily average volatility of 12.04%.
Our recommended stop-loss: $2.72 (-4.46%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (EMKR) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect EMCORE Corporation to open at $2.91, and during the day (based on 14 day Average True Range), to move between $2.57 and $3.13, which gives a possible trading interval of +/-$0.275 (+/-9.65%) up or down from last closing price. If EMCORE Corporation takes out the full calculated possible swing range there will be an estimated 19.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.86 (0.35%) than the support at $2.84 (0.35%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is EMCORE Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for EMCORE Corporation 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.
Current score: 1.026 Buy Candidate Upgraded
Predicted Opening Price for EMCORE Corporation of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $2.91 ( 2.10%) | $2.85 |
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 | 3.27 | 14.73 % | |
| R2 | 3.13 | 9.91 % | ||
| R1 | 3.05 | 6.93 % | ||
| Current price: | 2.85 | |||
| Support | S1 | 2.77 | -2.72 % | |
| S2 | 2.69 | -5.70 % | ||
| S3 | 2.55 | -10.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.91 | 2.11 % | |
| R2 | 2.89 | 1.40 % | ||
| R1 | 2.86 | 0.351 % | ||
| Current price | 2.85 | |||
| Support | S1 | 2.84 | -0.351% | |
| S2 | 2.76 | -3.16% | ||
| S3 | 2.74 | -3.86% |
EMKR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 06, 2016 | Aug 01, 2016 | Jul 29, 2016 | $1.50 | 2.31% |
| 2 | Jul 14, 2016 | Jul 14, 2016 | Jul 29, 2016 | $1.50 | 2.31% |
FAQ
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