One Stop Systems Inc. Stock Forecast
Evaluation of One Stop Systems Inc. stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The One Stop Systems Inc. stock price fell by -4.47% on the last day (Tuesday, 25th Jun 2024) from $2.46 to $2.35. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.84% from a day low at $2.34 to a day high of $2.50. The price has fallen in 6 of the last 10 days and is down by -7.11% 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 -15 thousand shares and in total, 51 thousand shares were bought and sold for approximately $120.49 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 -28.53% during the next 3 months and, with a 90% probability hold a price between $1.27 and $1.87 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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OSS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 16.34%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The One Stop Systems Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.54 and $2.44. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for One Stop Systems Inc. stock
One Stop Systems Inc. finds support from accumulated volume at $2.26 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.160 between high and low, or 6.84%. For the last week the stock has had daily average volatility of 8.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OSS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect One Stop Systems Inc. to open at $2.40, and during the day (based on 14 day Average True Range), to move between $2.14 and $2.56, which gives a possible trading interval of +/-$0.212 (+/-9.01%) up or down from last closing price. If One Stop Systems Inc. takes out the full calculated possible swing range there will be an estimated 18.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.26 (3.83%) than the resistance at $2.53 (7.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is One Stop Systems Inc. stock A Buy?
One Stop Systems Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.365 Sell Candidate Downgraded
Predicted Opening Price for One Stop Systems Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $2.40 ( 1.99%) | $2.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OSS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.56 | 8.79% |
| R2 | 2.50 | 6.19% |
| R1 | 2.46 | 4.59% |
| Price | 2.35 | |
| S1 | 2.34 | -0.615% |
| S2 | 2.30 | -2.22% |
| S3 | 2.24 | -4.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.67 | 13.62% |
| R2 | 2.63 | 11.91% |
| R1 | 2.53 | 7.66% |
| Price | 2.35 | |
| S1 | 2.26 | -3.83% |
| S2 | 2.16 | -8.09% |
| S3 | 2.08 | -11.49% |
FAQ
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