Oklo Inc. Stock Forecast

Buy or Hold candidate since Jan 03, 2025 Gain 14.68%

The Oklo Inc. stock price gained 19.96% on the last trading day (Tuesday, 21st Jan 2025), rising from $26.05 to $31.25. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 17.03% from a day low at $26.90 to a day high of $31.48. The price has been going up and down for this period, and there has been a 14.68% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 million more shares were traded than the day before. In total, 22 million shares were bought and sold for approximately $678.60 million.

The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $30.52, a level that may pose a second chance to hit a runner. According to fan-theory $41.29 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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OKLO Signals & Forecast

Mostly positive signals in the chart today. The Oklo Inc. 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 $25.23 and $22.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, January 14, 2025, and so far it has risen 37.00%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Oklo Inc. stock

Oklo Inc. finds support from accumulated volume at $30.00 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $4.58 between high and low, or 17.03%. For the last week, the stock has had daily average volatility of 11.34%.

Our recommended stop-loss: $30.09 (-3.70%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (OKLO) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Oklo Inc. to open at $29.88, and during the day (based on 14 day Average True Range), to move between $28.08 and $34.42, which gives a possible trading interval of +/-$3.17 (+/-10.15%) up or down from last closing price. If Oklo Inc. takes out the full calculated possible swing range there will be an estimated 20.31% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $30.00, some $1.25 (4.00%) from the current price of $31.25, our system finds the risk reward attractive.

Is Oklo Inc. stock A Buy?

Oklo Inc. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 8.531 Strong Buy Candidate Upgraded

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Predicted Fair Opening Price

Predicted fair opening price on January 22, 2025 - $29.88 ( 4.39%).