Telkonet, Inc Stock Forecast

Telkonet, Inc stock upgraded to Hold/Accumulate.
(Updated on Apr 19, 2024)

TKOI Signals & Forecast

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $0.0095 and $0.0096. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 01, 2024, and so far it has fallen -55.61%. 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 Telkonet, Inc stock

Telkonet, Inc finds support from accumulated volume at $0.0075 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 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 5.97%.

Our recommended stop-loss: $0.0073 (-6.12%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 54 days ago.)

Trading Expectations (TKOI) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Telkonet, Inc to open at $0.0078, and during the day (based on 14 day Average True Range), to move between $0.0048 and $0.0108, which gives a possible trading interval of +/-$0.0030 (+/-38.25%) up or down from last closing price. If Telkonet, Inc takes out the full calculated possible swing range there will be an estimated 76.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0080 (2.56%) than the support at $0.0075 (3.85%), 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 Telkonet, Inc stock A Buy?

Telkonet, Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Telkonet, Inc of Monday, April 22, 2024

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