Koss Corporation Stock Forecast
Green day on Tuesday for Koss Corporation
(Updated on Apr 30, 2024)
The Koss Corporation stock price gained 0.0901% on the last trading day (Tuesday, 30th Apr 2024), rising from $2.33 to $2.33. During the last trading day the stock fluctuated 1.08% from a day low at $2.32 to a day high of $2.34. The price has fallen in 6 of the last 10 days and is down by -0.76% for this period. Volume fell on the last day by -11 thousand shares and in total, 2 thousand shares were bought and sold for approximately $4.61 thousand. 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 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 -15.22% during the next 3 months and, with a 90% probability hold a price between $1.89 and $2.09 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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KOSS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.84%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Koss Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.38 and $2.46. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Koss Corporation stock
Koss Corporation finds support from accumulated volume at $2.33 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0250 between high and low, or 1.08%. For the last week the stock has had daily average volatility of 3.67%.
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 1st
For the upcoming trading day on Wednesday, 1st we expect Koss Corporation to open at $2.33, and during the day (based on 14 day Average True Range), to move between $2.24 and $2.42, which gives a possible trading interval of +/-$0.0879 (+/-3.77%) up or down from last closing price. If Koss Corporation takes out the full calculated possible swing range there will be an estimated 7.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.33 (0.09%) than the resistance at $2.50 (7.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Koss Corporation stock A Buy?
Koss Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.301 Sell Candidate Unchanged
Predicted Opening Price for Koss Corporation of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $2.33 ( 0.131%) | $2.33 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 2.35 | 0.94 % | |
| R2 | 2.34 | 0.531 % | ||
| R1 | 2.34 | 0.278 % | ||
| Current price: | 2.33 | |||
| Support | S1 | 2.32 | -0.541 % | |
| S2 | 2.31 | -0.794 % | ||
| S3 | 2.30 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.53 | 8.49 % | |
| R2 | 2.51 | 7.63 % | ||
| R1 | 2.50 | 7.20 % | ||
| Current price | 2.33 | |||
| Support | S1 | 2.33 | -0.0900% | |
| S2 | 2.33 | -0.304% | ||
| S3 | 2.32 | -0.339% |
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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