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 GKOS
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Glaukos Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Glaukos Corporation stock price gained 3.33% on the last trading day (Wednesday, 27th Mar 2024), rising from $89.70 to $92.69. It has now gained 5 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 last trading day the stock fluctuated 3.44% from a day low at $89.62 to a day high of $92.70. The price has risen in 6 of the last 10 days and is up by 5.8% over the past 2 weeks. Volume fell on the last day by -68 thousand shares and in total, 324 thousand shares were bought and sold for approximately $30.05 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and weak 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 3.99% during the next 3 months and, with a 90% probability hold a price between $83.18 and $102.17 at the end of this 3-month period.

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GKOS Signals & Forecast

The Glaukos Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $88.80 and $90.00. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Monday, February 12, 2024, and so far it has fallen -3.78%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Glaukos Corporation stock

Glaukos Corporation finds support from accumulated volume at $92.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.09 between high and low, or 3.44%. For the last week the stock has had daily average volatility of 3.38%.

Our recommended stop-loss: $88.95 (-4.03%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 31 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Glaukos Corporation to open at $91.67, and during the day (based on 14 day Average True Range), to move between $89.80 and $95.58, which gives a possible trading interval of +/-$2.89 (+/-3.12%) up or down from last closing price. If Glaukos Corporation takes out the full calculated possible swing range there will be an estimated 6.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $92.56 (0.14%) than the resistance at $93.23 (0.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Glaukos Corporation stock A Buy?

Glaukos Corporation 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.993 Hold/Accumulate Upgraded

Predicted Opening Price for Glaukos Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$91.67 ( 1.10%) $92.69

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

Trading levels for GKOS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 94.75 2.23 %
R2 93.57 0.95 %
R1 92.85 0.169 %
Current price: 92.69
Support S1 90.49 -2.37 %
S2 89.76 -3.16 %
S3 88.58 -4.43 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 95.99 3.56 %
R2 94.30 1.74 %
R1 93.23 0.583 %
Current price 92.69
Support S1 92.56 -0.140%
S2 91.46 -1.33%
S3 89.57 -3.37%

FAQ

What is the symbol for Glaukos Corporation Stock and on which exchange is it traded?
The symbol for Glaukos Corporation is GKOS and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Glaukos Corporation Stock?
Glaukos Corporation 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Glaukos Corporation Stock?
Glaukos 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 Glaukos Corporation Stock.

What's the current price of Glaukos Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Glaukos Corporation (GKOS) share was $92.69.

What is the 52-week high and low for Glaukos Corporation Stock?
The 52-week high for Glaukos Corporation Stock is $97.24 and the 52-week low is $45.38.

What is the market capitalization of Glaukos Corporation Stock?
As of the 2024-03-27, the market capitalization of Glaukos Corporation is 4.585B.

When is the next earnings date for Glaukos Corporation?
The upcoming earnings date for Glaukos Corporation is May 01, 2024.
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About Glaukos Corporation

Glaukos Glaukos Corporation, an ophthalmic medical technology and pharmaceutical company, focuses on the development of novel therapies for the treatment of glaucoma, corneal disorders, and retinal diseases. It offers iStent, iStent inject, iStent inject W micro-bypass stents that enhance aqueous humor outflow inserted in cataract surgery to treat mild-to-moderate open-angle glaucoma. The company's product pipeline includes iStent Infinite, a three stent... GKOS Profile

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