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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of OMQS
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Big movements in OMNIQ Corp. stock price on Friday moving 26.23% between high and low
(Updated on May 17, 2024)

Sell candidate since May 10, 2024 Gain 13.33% PDF

The OMNIQ Corp. stock price fell by -7.27% on the last day (Friday, 17th May 2024) from $0.330 to $0.306. During the last trading day the stock fluctuated 26.23% from a day low at $0.305 to a day high of $0.385. The price has fallen in 5 of the last 10 days and is down by -13.8% for this period. 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 -32 thousand shares and in total, 18 thousand shares were bought and sold for approximately $5.65 thousand.

The stock lies in the middle of a very 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 -23.53% during the next 3 months and, with a 90% probability hold a price between $0.154 and $0.481 at the end of this 3-month period.

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OMQS Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 39.05%. 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 OMNIQ Corp. 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 $0.389. On a fall, the stock will find some support from the short-term average at $0.280. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 OMNIQ Corp. stock

OMNIQ Corp. finds support from accumulated volume at $0.295 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0800 between high and low, or 26.23%. For the last week the stock has had daily average volatility of 24.59%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (OMQS) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect OMNIQ Corp. to open at $0.332, and during the day (based on 14 day Average True Range), to move between $0.233 and $0.379, which gives a possible trading interval of +/-$0.0727 (+/-23.77%) up or down from last closing price. If OMNIQ Corp. takes out the full calculated possible swing range there will be an estimated 47.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.295 (3.76%) than the resistance at $0.325 (6.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is OMNIQ Corp. stock A Buy?

OMNIQ Corp. 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.

Current score: -4.426 Sell Candidate Unchanged

Predicted Opening Price for OMNIQ Corp. of Monday, May 20, 2024

Fair opening price May 20, 2024 Current price
$0.332 ( 8.50%) $0.306

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

Trading levels for OMQS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.412 34.64 %
R2 0.381 24.65 %
R1 0.363 18.48 %
Current price: 0.306
Support S1 0.301 -1.49 %
S2 0.283 -7.66 %
S3 0.252 -17.65 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.359 17.39 %
R2 0.325 6.24 %
R1 0.325 6.08 %
Current price 0.306
Support S1 0.295 -3.76%
S2 0.270 -11.76%
S3 0.266 -13.08%

FAQ

What is the symbol for OMNIQ Corp. Stock and on which exchange is it traded?
The symbol for OMNIQ Corp. is OMQS and it is traded on the PINK (Pink Sheets).

Should I buy or sell OMNIQ Corp. Stock?
OMNIQ Corp. 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.

How to buy OMNIQ Corp. Stock?
OMNIQ Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy OMNIQ Corp. Stock.

What's the current price of OMNIQ Corp. Stock?
As of the end of day on the May 17, 2024, the price of an OMNIQ Corp. (OMQS) share was $0.306.

What is the 52-week high and low for OMNIQ Corp. Stock?
The 52-week high for OMNIQ Corp. Stock is $6.24 and the 52-week low is $0.200.

What is the market capitalization of OMNIQ Corp. Stock?
As of the May 17, 2024, the market capitalization of OMNIQ Corp. is 3.528M.

When is the next earnings date for OMNIQ Corp.?
The upcoming earnings date for OMNIQ Corp. is Aug 12, 2024.
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About OMNIQ Corp.

OMNIQ . OMNIQ Corp., together with its subsidiaries, provides artificial intelligence (AI)-based solutions in the United States. The company offers computer and machine vision image processing solutions using AI technology to deliver data collection, and real time surveillance and monitoring for supply chain management, homeland security, public safety, traffic and parking management, and access control applications. It also provides end-to-end solutions... OMQS Profile

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