Interlink Electronics, Inc Stock Forecast
Red day on Tuesday for Interlink Electronics, Inc
(Updated on Jul 02, 2024)
The Interlink Electronics, Inc stock price fell by -2.93% on the last day (Tuesday, 2nd Jul 2024) from $4.10 to $3.98. During the last trading day the stock fluctuated 8.13% from a day low at $3.69 to a day high of $3.99. The price has been going up and down for this period, and there has been a -1% loss for the last 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 -276 shares and in total, 3 thousand shares were bought and sold for approximately $11.78 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $3.86, a level that may pose a second chance to hit a runner. According to fan-theory $5.31 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LINK 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 Interlink Electronics, Inc 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 $4.08 and $4.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -10.06%. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Interlink Electronics, Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.300 between high and low, or 8.13%. For the last week the stock has had daily average volatility of 7.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LINK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Interlink Electronics, Inc to open at $3.89, and during the day (based on 14 day Average True Range), to move between $3.64 and $4.32, which gives a possible trading interval of +/-$0.340 (+/-8.55%) up or down from last closing price. If Interlink Electronics, Inc takes out the full calculated possible swing range there will be an estimated 17.11% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $4.64, some $0.660 (16.58%) from the current price of $3.98, our system finds the risk reward not very attractive.
Is Interlink Electronics, Inc stock A Buy?
Interlink Electronics, Inc holds several negative signals and is within a very 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: -4.509 Sell Candidate Unchanged
Predicted Opening Price for Interlink Electronics, Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $3.89 ( 2.35%) | $3.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LINK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.19 | 5.19% |
| R2 | 4.07 | 2.31% |
| R1 | 4.00 | 0.534% |
| Price | 3.98 | |
| S1 | 3.77 | -5.22% |
| S2 | 3.70 | -7.00% |
| S3 | 3.59 | -9.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.88 | 22.65% |
| R2 | 4.80 | 20.70% |
| R1 | 4.64 | 16.58% |
| Price | 3.98 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Interlink Electronics, Inc Stock.
