Laser Photonics Corporation Stock Forecast

Laser Photonics Corporation stock price ended at $2.07 on Monday, after gaining 1.47%.
(Updated on May 06, 2024)

LASE Signals & Forecast

The Laser Photonics 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 $2.03 and $1.91. A breakdown below any of these levels will issue sell signals. Laser Photonics 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. 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 Tuesday, April 09, 2024, and so far it has fallen -20.08%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Laser Photonics Corporation stock

Laser Photonics Corporation finds support from accumulated volume at $2.03 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 $0.120 between high and low, or 6.04%. For the last week, the stock has had daily average volatility of 6.73%.

Our recommended stop-loss: $1.97 (-4.62%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (LASE) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Laser Photonics Corporation to open at $2.06, and during the day (based on 14 day Average True Range), to move between $1.82 and $2.32, which gives a possible trading interval of +/-$0.246 (+/-11.91%) up or down from last closing price. If Laser Photonics Corporation takes out the full calculated possible swing range there will be an estimated 23.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.03 (1.93%) than the resistance at $2.25 (8.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Laser Photonics Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Laser Photonics Corporation stock to perform well in the short-term.

Current score: 2.011 Buy Candidate Unchanged

Predicted Opening Price for Laser Photonics Corporation of Tuesday, May 7, 2024

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