Kopin Corporation Stock Forecast
Big movements in Kopin Corporation stock price on Tuesday moving 14.58% between high and low
(Updated on Jul 02, 2024)
The Kopin Corporation stock price gained 11.59% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.793 to $0.89. During the last trading day the stock fluctuated 14.58% from a day low at $0.80 to a day high of $0.92. The price has risen in 6 of the last 10 days and is up by 25.57% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 836 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $1.30 million.
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 $0.92 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 -45.75% during the next 3 months and, with a 90% probability hold a price between $0.284 and $0.497 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.
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KOPN Signals & Forecast
Mostly positive signals in the chart today. The Kopin 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 $0.785 and $0.785. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 29.20%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Kopin Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Kopin Corporation stock
Kopin Corporation finds support from accumulated volume at $0.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.117 between high and low, or 14.58%. For the last week, the stock has had daily average volatility of 11.87%.
Our recommended stop-loss: $0.85 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (KOPN) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Kopin Corporation to open at $0.87, and during the day (based on 14 day Average True Range), to move between $0.82 and $0.95, which gives a possible trading interval of +/-$0.0633 (+/-7.15%) up or down from last closing price. If Kopin Corporation takes out the full calculated possible swing range there will be an estimated 14.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.91 (2.34%) than the support at $0.86 (3.05%), 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 Kopin Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 4.904 Buy Candidate Unchanged
Predicted Opening Price for Kopin Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.87 ( 1.77%) | $0.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOPN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.99 | 11.46% |
| R2 | 0.94 | 6.40% |
| R1 | 0.91 | 3.28% |
| Price | 0.89 | |
| S1 | 0.82 | -6.83% |
| S2 | 0.797 | -9.95% |
| S3 | 0.752 | -15.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.96 | 8.85% |
| R1 | 0.91 | 2.34% |
| Price | 0.89 | |
| S1 | 0.86 | -3.05% |
| S2 | 0.81 | -8.11% |
| S3 | 0.792 | -10.46% |
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