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FalconStor Software Stock Forecast NASDAQ:FALC

$3.48 (-5.95%)

Volume: 400

Closed: Nov 29, 2021

Hollow Logo Score: 0.866

FalconStor Software Stock Forecast

$3.48 (-5.95%)

Volume: 400

Closed: Nov 29, 2021

Score Hollow Logo 0.866
Which way will FALC go? Request
Stop-loss: $3.31 (-4.86%)
Key Stats
P/E Ratio -19.93
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 80 ] RSI14 is 57 and the stock is currently not being overbought or oversold

Is FalconStor Software stock still a buy after falling -5.95% on Monday ?
(Updated on Nov 29, 2021)


Buy or Hold candidate since 2021-11-19 Gain 16.39%

The FalconStor Software stock price fell by -5.95% on the last day (Monday, 29th Nov 2021) from $3.70 to $3.48. During the day the stock fluctuated 7.76% from a day low at $3.48 to a day high of $3.75. The price has risen in 6 of the last 10 days and is up by 54.67% over the past 2 weeks. Volume has increased on the last day by 297 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, 400 shares were bought and sold for approximately $1.39 thousand.

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 $3.68 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -20.65% during the next 3 months and, with a 90% probability hold a price between $1.60 and $2.92 at the end of this 3-month period. 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.

Signals & Forecast

The FalconStor Software 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 $3.31 and $2.99. 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 Friday, November 26, 2021, and so far it has fallen -5.95%. Further fall is indicated until a new bottom pivot has been found. FalconStor Software 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $3.00 and $2.99. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, FalconStor Software finds support just below today's level at $3.00. If this is broken, then the next support from accumulated volume will be at $2.99 and $2.92.

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 $0.27 between high and low, or 7.76%. For the last week, the stock has had a daily average volatility of 6.91%.

Our recommended stop-loss: $3.31 (-4.86%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 days ago.)

Is FalconStor Software stock A Buy?

FalconStor Software holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.866

Predicted Opening Price for FalconStor Software of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$3.57 $3.48 (Undervalued)
Hold/Accumulate Downgraded

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Volatility and Risk
Daily Average Volatility: 6.91 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.91 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $3.50
Price: $3.48
Support: $3.00

FALC Insider Trading Show all Trades

INSIDER POWER

1.952

Last 100 transactions
Buy: 1 891 673 648 | Sell: 968 983 437 (Shares)
Date Action Amount Person Type
Nov 16, 2021 Buy 350 Brooks Robert Todd Common Stock
Sep 30, 2020 Buy 73 600 Kelly Michael P Common Stock
Sep 30, 2020 Buy 14 720 Wolfe Brad Common Stock
Sep 30, 2020 Buy 73 600 Rudolph Barry Common Stock
Sep 30, 2020 Buy 73 600 Miller William D Common Stock
Show all Insider Trades
INSIDER POWER

1.952

Last 100 transactions
Buy: 1 891 673 648 | Sell: 968 983 437 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 3.84 10.34 %
3.74 7.38 %
3.67 5.55 %
Current price: 3.48
Support 3.47 -0.38 %
3.40 -2.21 %
3.30 -5.17 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 3.70 6.32 %
3.60 3.45 %
3.50 0.57 %
Current price 3.48
Support 3.00 -13.79%
2.99 -14.08%
2.92 -16.09%

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About FalconStor Software

FalconStor Software FalconStor Software, Inc. develops, manufactures, and sells data migration, business continuity, disaster recovery, optimized backup, and de-duplication solutions worldwide. It offers FreeStor, a software-defined platform that provides migration, continuity, protection, recovery, and optimization for storage environment through a single management interface; FalconStor network storage server for migration, storage virtualization, provisioning, an... Read more

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