Koss Corporation Stock Forecast
A very red day for Koss Corporation stock price after a -5.01% fall in the Tuesday trading session
(Updated on Jul 02, 2024)
The Koss Corporation stock price fell by -5.01% on the last day (Tuesday, 2nd Jul 2024) from $4.59 to $4.36. During the last trading day the stock fluctuated 9.73% from a day low at $4.31 to a day high of $4.73. The price has risen in 6 of the last 10 days and is up by 9% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -12 thousand shares and in total, 78 thousand shares were bought and sold for approximately $341.37 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.14 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 55.05% during the next 3 months and, with a 90% probability hold a price between $6.42 and $11.76 at the end of this 3-month period.
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KOSS Signals & Forecast
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. The Koss 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 $4.59. On a fall, the stock will find some support from the short-term average at $4.24. 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. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -29.11%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Koss Corporation stock
Koss Corporation finds support from accumulated volume at $4.29 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.420 between high and low, or 9.73%. For the last week the stock has had daily average volatility of 8.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KOSS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Koss Corporation to open at $4.47, and during the day (based on 14 day Average True Range), to move between $3.95 and $4.77, which gives a possible trading interval of +/-$0.405 (+/-9.30%) up or down from last closing price. If Koss Corporation takes out the full calculated possible swing range there will be an estimated 18.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.37 (0.23%) than the support at $4.29 (1.61%), 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 Koss Corporation stock A Buy?
Koss 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. 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 Sell candidate.
Current score: -2.251 Sell Candidate Downgraded
Predicted Opening Price for Koss Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $4.47 ( 2.45%) | $4.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOSS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.89 | 12.07% |
| R2 | 4.73 | 8.40% |
| R1 | 4.63 | 6.13% |
| Price | 4.36 | |
| S1 | 4.31 | -1.23% |
| S2 | 4.21 | -3.50% |
| S3 | 4.05 | -7.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.97 | 13.99% |
| R2 | 4.73 | 8.49% |
| R1 | 4.37 | 0.229% |
| Price | 4.36 | |
| S1 | 4.29 | -1.61% |
| S2 | 3.38 | -22.48% |
| S3 | 3.34 | -23.39% |
KOSS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2014 | Mar 27, 2014 | Apr 15, 2014 | $0.0600 | 1.27% |
| 2 | Oct 24, 2013 | Dec 26, 2013 | Jan 15, 2014 | $0.0600 | 1.03% |
| 3 | Aug 06, 2013 | Sep 26, 2013 | Oct 15, 2013 | $0.0600 | 1.16% |
| 4 | Apr 25, 2013 | Jun 26, 2013 | Jul 15, 2013 | $0.0600 | 1.15% |
| 5 | Jan 29, 2013 | Mar 26, 2013 | Apr 15, 2013 | $0.0600 | 1.35% |
FAQ
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