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Energous Corporation Stock Forecast NASDAQ:WATT

$1.49 (-3.87%)

Volume: 1M

Closed: Nov 26, 2021

Hollow Logo Score: -4.819

Energous Corporation Stock Forecast

$1.49 (-3.87%)

Volume: 1M

Closed: Nov 26, 2021

Score Hollow Logo -4.819
Which way will WATT go? Request
Key Stats
P/E Ratio -2.85
Beta 2.04
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 12 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Red day on Friday for Energous Corporation
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-09 Loss -25.50%

The Energous Corporation stock price fell by -3.87% on the last day (Friday, 26th Nov 2021) from $1.55 to $1.49. and has now fallen 3 days in a row. During the day the stock fluctuated 5.56% from a day low at $1.44 to a day high of $1.52. The price has fallen in 8 of the last 10 days and is down by -22.8% 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 -243 thousand shares and in total, 1 million shares were bought and sold for approximately $2.21 million.

The stock has broken the 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 ($1.59) are considered to be a "second chance" to get out. According to the fan-theory $1.26 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The Energous Corporation 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 $1.63 and $1.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 08, 2021, and so far it has fallen -27.67%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0800 between high and low, or 5.56%. For the last week, the stock has had a daily average volatility of 6.27%.

Energous Corporation is oversold on RSI14 (12). 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 an negative evaluation for this stock. No stop-loss is set.

Is Energous Corporation stock A Buy?

Energous Corporation holds several negative signals and is within a 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: -4.819

Predicted Opening Price for Energous Corporation of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$1.48 $1.49 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Jul 30, 2021 "Roth Capital" gave "$5.00 - $4.00" rating for WATT. The price target was set to $2.43+7.0%.

Volatility and Risk
Daily Average Volatility: 6.27 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.27 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.53
Price: $1.49
No Support Found

WATT Insider Trading Show all Trades

INSIDER POWER

2.381

Last 100 transactions
Buy: 1 717 330 | Sell: 721 232 (Shares)
Date Action Amount Person Type
Nov 15, 2021 Sell 15 418 Sahejpal Neeraj Common Stock
Nov 15, 2021 Sell 1 265 Mannina William T Common Stock
Nov 15, 2021 Sell 18 739 Johnston Cesar Common Stock
Oct 17, 2021 Buy 137 000 Johnston Cesar Common Stock
Oct 17, 2021 Buy 96 850 Sahejpal Neeraj Common Stock
Show all Insider Trades
INSIDER POWER

2.381

Last 100 transactions
Buy: 1 717 330 | Sell: 721 232 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.56 4.92 %
1.53 2.87 %
1.51 1.60 %
Current price: 1.49
Support 1.45 -2.50 %
1.43 -3.77 %
1.40 -5.82 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 1.84 23.49 %
1.72 15.44 %
1.53 2.68 %
Current price 1.49
Support 0 .
0 .
0 .

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About Energous Corporation

Energous Energous Corporation engages in the development of a wire-free charging system. Its technology could enable wire-free charging of electronic devices at a distance. The company is developing WattUp, a wire-free charging technology that charges electronic devices by surrounding them with a contained three dimensional radio frequency energy pocket. The company was formerly known as DvineWave Inc. and changed its name to Energous Corporation in Janua... Read more

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