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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 OUST
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Big movements in Ouster, Inc. stock price on Tuesday moving 12.86% between high and low
(Updated on Apr 23, 2024)

Buy or Hold candidate since Apr 02, 2024 Loss -24.17% PDF

The Ouster, Inc. stock price gained 7.54% on the last trading day (Tuesday, 23rd Apr 2024), rising from $7.03 to $7.56. During the last trading day the stock fluctuated 12.86% from a day low at $7.00 to a day high of $7.90. The price has fallen in 7 of the last 10 days and is down by -13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 418 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $8.97 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 44.13% during the next 3 months and, with a 90% probability hold a price between $8.63 and $15.48 at the end of this 3-month period.

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OUST Signals & Forecast

The Ouster, 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 $7.27 and $6.83. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -24.40%. 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).

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

On the downside, the stock finds support just below today's level from accumulated volume at $6.70 and $5.94. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ouster, Inc. finds support just below today's level at $6.70. If this is broken, then the next support from accumulated volume will be at $5.94 and $5.73.

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 $0.90 between high and low, or 12.86%. For the last week, the stock has had daily average volatility of 8.01%.

Ouster, Inc. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $7.06 (-6.56%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 22 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (OUST) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Ouster, Inc. to open at $7.49, and during the day (based on 14 day Average True Range), to move between $6.84 and $8.28, which gives a possible trading interval of +/-$0.719 (+/-9.51%) up or down from last closing price. If Ouster, Inc. takes out the full calculated possible swing range there will be an estimated 19.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $7.94 (5.03%) than the support at $6.70 (11.38%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Ouster, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ouster, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.898 Buy Candidate Upgraded

Predicted Opening Price for Ouster, Inc. of Wednesday, April 24, 2024

Fair opening price April 24, 2024 Current price
$7.49 ( 0.97%) $7.56

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

Trading levels for OUST

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.39 10.93 %
R2 8.04 6.39 %
R1 7.83 3.58 %
Current price: 7.56
Support S1 7.14 -5.52 %
S2 6.93 -8.33 %
S3 6.59 -12.87 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.69 14.95 %
R2 8.23 8.86 %
R1 7.94 5.03 %
Current price 7.56
Support S1 6.70 -11.38%
S2 5.94 -21.43%
S3 5.73 -24.21%

FAQ

What is the symbol for Ouster, Inc. Stock and on which exchange is it traded?
The symbol for Ouster, Inc. is OUST and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Ouster, Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ouster, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of Ouster, Inc. Stock?
As of the end of day on the Apr 23, 2024, the price of an Ouster, Inc. (OUST) share was $7.56.

What is the 52-week high and low for Ouster, Inc. Stock?
The 52-week high for Ouster, Inc. Stock is $11.40 and the 52-week low is $3.21.

What is the market capitalization of Ouster, Inc. Stock?
As of the Apr 23, 2024, the market capitalization of Ouster, Inc. is 307.476M.

When is the next earnings date for Ouster, Inc.?
The upcoming earnings date for Ouster, Inc. is May 09, 2024.
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About Ouster, Inc.

Ouster. Ouster, Inc. designs and manufactures high-resolution digital lidar sensors and enabling software that offers 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. Its product portfolio includes OS, a scanning sensor and DF, a true solid-state flash sensor. The company is based in San Francisco, California.... OUST Profile

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