Telkonet, Inc Stock Forecast
Telkonet, Inc stock price fell more than -44.00% Thursday closing at $0.0042
(Updated on May 02, 2024)
The Telkonet, Inc stock price fell by -44.00% on the last day (Thursday, 2nd May 2024) from $0.0075 to $0.0042. During the last trading day the stock fluctuated 0% from a day low at $0.0042 to a day high of $0.0042. The price has fallen in 4 of the last 10 days and is down by -46.15% for this period. Volume has increased on the last day by 11 thousand 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, 24 thousand shares were bought and sold for approximately $102.36 .
The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($0.0056) are considered to be a "second chance" to get out. According to the fan-theory -$0.0032 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 $0.0080 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, April 11, 2024, and so far it has fallen -70.63%. 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). Telkonet, 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 Telkonet, Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 37.05%.
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 Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Telkonet, Inc to open at $0.0042, and during the day (based on 14 day Average True Range), to move between $0.0017 and $0.0067, which gives a possible trading interval of +/-$0.0025 (+/-59.76%) up or down from last closing price. If Telkonet, Inc takes out the full calculated possible swing range there will be an estimated 119.53% move between the lowest and the highest trading price during the day.
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. 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: -4.503 Sell Candidate Downgraded
Predicted Opening Price for Telkonet, Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.0042 ( 0%) | $0.0042 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0042 | . | |
| R2 | 0.0042 | . | ||
| R1 | 0.0042 | . | ||
| Current price: | 0.0042 | |||
| Support | S1 | 0.0042 | . | |
| S2 | 0.0042 | . | ||
| S3 | 0.0042 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0042 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Telkonet, Inc Stock.
