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$43.38 (4.66%)

Volume: 362k

Closed: Dec 07, 2021

Hollow Logo Score: -4.392

Glaukos Corporation Stock Forecast

$43.38 (4.66%)

Volume: 362k

Closed: Dec 07, 2021

Score Hollow Logo -4.392
Which way will GKOS go? Request
Key Stats
P/E Ratio -50.66
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 32 and the stock is currently not being overbought or oversold

Glaukos Corporation stock upgraded to Sell Candidate.
(Updated on Dec 07, 2021)

Sell candidate since 2021-12-07

The Glaukos Corporation stock price gained 4.66% on the last trading day (Tuesday, 7th Dec 2021), rising from $41.45 to $43.38. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 4.41% from a day low at $42.24 to a day high of $44.10. The price has fallen in 7 of the last 10 days and is down by -7.64% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 57 thousand more shares were traded than the day before. In total, 362 thousand shares were bought and sold for approximately $15.70 million.

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 -10.52% during the next 3 months and, with a 90% probability hold a price between $35.72 and $49.07 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 7.72%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Glaukos Corporation stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $47.12. On a fall, the stock will find some support from the short-term average at $42.21. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Glaukos Corporation finds support from accumulated volume at $41.73 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.86 between high and low, or 4.41%. For the last week, the stock has had a daily average volatility of 5.68%.

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

Is Glaukos Corporation stock A Buy?

Glaukos Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.392

Predicted Opening Price for Glaukos Corporation of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$43.24 $43.38 (Overvalued)
Sell Candidate Upgraded

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Analyst Ratings

On Nov 05, 2021 "Jefferies Financial Group" gave "$54.00 - $60.00" rating for GKOS. The price target was set to $55.58+1.0%.

Volatility and Risk
Daily Average Volatility: 5.68 %
Overall Risk: Very High High Medium Low Very Low
5.68 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $44.67
Price: $43.38
Support: $41.73

GKOS Insider Trading Show all Trades



Last 100 transactions
Buy: 825 217 | Sell: 1 586 020 (Shares)
Date Action Amount Person Type
Aug 09, 2021 Buy 2 000 Weisner Aimee S Common Stock
Aug 06, 2021 Buy 266 880 Burns Thomas William Common Stock
Aug 06, 2021 Buy 20 000 Burns Thomas William Common Stock
Aug 06, 2021 Sell 256 000 Burns Thomas William Stock Options (Right to Buy)
Aug 06, 2021 Sell 20 000 Burns Thomas William Stock Options (Right to Buy)
Show all Insider Trades


Last 100 transactions
Buy: 825 217 | Sell: 1 586 020 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 45.10 3.97 %
44.39 2.33 %
43.95 1.32 %
Current price: 43.38
Support 42.53 -1.97 %
42.09 -2.98 %
41.38 -4.62 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 53.46 23.24 %
47.25 8.92 %
44.67 2.97 %
Current price 43.38
Support 41.73 -3.80%
41.59 -4.13%
40.27 -7.17%

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About Glaukos Corporation

Glaukos Glaukos Corporation, an ophthalmic medical technology company, develops and commercializes products and procedures designed for the treatment of glaucoma. The company offers iStent, a micro-bypass stent for insertion in conjunction with cataract surgery for the reduction of intraocular pressure in adult patients with mild-to-moderate open-angle glaucoma. Its product pipeline comprises iStent Inject trabecular micro-bypass stent, which allows the ... Read more

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