Telkonet, Inc Stock Forecast
High volatility in Telkonet, Inc stock price on Tuesday which ended trading at $0.0062
(Updated on Jul 02, 2024)
No changes to the price of Telkonet, Inc stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 12.90% from a day low at $0.0062 to a day high of $0.0070. The price has been going up and down for this period, and there has been a -10.14% loss for the last 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0068 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -39.64% during the next 3 months and, with a 90% probability hold a price between $0.0008 and $0.0041 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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TKOI Signals & Forecast
There are few to no technical positive signals at the moment. The Telkonet, 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 $0.0062 and $0.0067. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -27.06%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Telkonet, Inc stock
Telkonet, Inc finds support from accumulated volume at $0.0061 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 $0.0008 between high and low, or 12.90%. For the last week the stock has had daily average volatility of 2.58%.
Telkonet, Inc is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TKOI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Telkonet, Inc to open at $0.0065, and during the day (based on 14 day Average True Range), to move between $0.0057 and $0.0067, which gives a possible trading interval of +/-$0.0005 (+/-7.93%) up or down from last closing price. If Telkonet, Inc takes out the full calculated possible swing range there will be an estimated 15.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0061 (1.61%) than the resistance at $0.0065 (4.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Telkonet, Inc stock A Buy?
Telkonet, Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.465 Sell Candidate Unchanged
Predicted Opening Price for Telkonet, Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.0065 ( 4.30%) | $0.0062 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TKOI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0073 | 17.20% |
| R2 | 0.0070 | 12.28% |
| R1 | 0.0068 | 9.23% |
| Price | 0.0062 | |
| S1 | 0.0062 | -0.628% |
| S2 | 0.0060 | -3.67% |
| S3 | 0.0057 | -8.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0069 | 11.29% |
| R2 | 0.0067 | 8.06% |
| R1 | 0.0065 | 4.84% |
| Price | 0.0062 | |
| S1 | 0.0061 | -1.61% |
| S2 | 0.0055 | -11.29% |
| S3 | 0.0050 | -19.35% |
FAQ
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