Optex Systems Holdings, Inc Stock Forecast
Optex Systems Holdings, Inc stock price down 0.491% on Tuesday
(Updated on Jul 02, 2024)
The Optex Systems Holdings, Inc stock price fell by -0.491% on the last day (Tuesday, 2nd Jul 2024) from $7.13 to $7.09. During the last trading day the stock fluctuated 2.70% from a day low at $7.03 to a day high of $7.22. The price has fallen in 7 of the last 10 days and is down by -3.27% for this period. Volume has increased on the last day by 878 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 10 thousand shares were bought and sold for approximately $73.73 thousand.
Given the current short-term trend, the stock is expected to rise 5.25% during the next 3 months and, with a 90% probability hold a price between $7.46 and $9.26 at the end of this 3-month period.
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OPXS Signals & Forecast
There are few to no technical positive signals at the moment. The Optex Systems Holdings, 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 $7.15 and $7.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -17.27%. 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). Optex Systems Holdings, Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Optex Systems Holdings, Inc stock
Optex Systems Holdings, Inc finds support from accumulated volume at $7.03 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.190 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 3.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OPXS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Optex Systems Holdings, Inc to open at $7.11, and during the day (based on 14 day Average True Range), to move between $6.79 and $7.39, which gives a possible trading interval of +/-$0.304 (+/-4.28%) up or down from last closing price. If Optex Systems Holdings, Inc takes out the full calculated possible swing range there will be an estimated 8.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.03 (0.85%) than the resistance at $7.22 (1.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Optex Systems Holdings, Inc stock A Buy?
The Optex Systems Holdings, Inc stock holds several negative signals and despite the positive trend, we believe Optex Systems Holdings, Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.842 Sell Candidate Unchanged
Predicted Opening Price for Optex Systems Holdings, Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $7.11 ( 0.329%) | $7.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OPXS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.30 | 3.01% |
| R2 | 7.23 | 1.99% |
| R1 | 7.19 | 1.35% |
| Price | 7.09 | |
| S1 | 7.04 | -0.695% |
| S2 | 7.00 | -1.33% |
| S3 | 6.92 | -2.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.01 | 12.98% |
| R2 | 7.85 | 10.72% |
| R1 | 7.22 | 1.83% |
| Price | 7.09 | |
| S1 | 7.03 | -0.85% |
| S2 | 6.91 | -2.55% |
| S3 | 6.84 | -3.53% |
OPXS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2018 | Apr 11, 2018 | Apr 19, 2018 | $0.0200 | 2.02% |
| 2 | Jan 11, 2018 | Jan 11, 2018 | Jan 11, 2018 | $0.0200 | 1.89% |
| 3 | Oct 02, 2017 | Oct 11, 2017 | Oct 19, 2017 | $0.0200 | 2.00% |
| 4 | Jun 30, 2017 | Jun 30, 2017 | Jun 30, 2017 | $0.0200 | 2.12% |
FAQ
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