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 WATT
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Green day on Thursday for Energous Corporation
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 4.10% PDF

The Energous Corporation stock price gained 4.10% on the last trading day (Thursday, 28th Mar 2024), rising from $1.95 to $2.03. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.14% from a day low at $1.96 to a day high of $2.10. The price has risen in 6 of the last 10 days and is up by 12.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 171 thousand more shares were traded than the day before. In total, 302 thousand shares were bought and sold for approximately $614.02 thousand.

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 10.59% during the next 3 months and, with a 90% probability hold a price between $1.86 and $2.97 at the end of this 3-month period.

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WATT Signals & Forecast

Mostly positive signals in the chart today. The Energous Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.83 and $1.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 23.03%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Energous Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Energous Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.82 and $1.66. 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, Energous Corporation finds support just below today's level at $1.82. If this is broken, then the next support from accumulated volume will be at $1.66 and $1.63.

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 $0.140 between high and low, or 7.14%. For the last week, the stock has had daily average volatility of 8.03%.

Our recommended stop-loss: $1.95 (-3.96%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (WATT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Energous Corporation to open at $2.03, and during the day (based on 14 day Average True Range), to move between $1.87 and $2.19, which gives a possible trading interval of +/-$0.162 (+/-8.00%) up or down from last closing price. If Energous Corporation takes out the full calculated possible swing range there will be an estimated 16.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.06 (1.48%) than the support at $1.82 (10.34%), 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 Energous Corporation 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 Energous Corporation stock to perform well in the short-term.

Current score: 4.794 Buy Candidate Unchanged

Predicted Opening Price for Energous Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.03 ( 0%) $2.03

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

Trading levels for WATT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.17 6.90 %
R2 2.12 4.26 %
R1 2.08 2.63 %
Current price: 2.03
Support S1 1.98 -2.63 %
S2 1.94 -4.26 %
S3 1.89 -6.90 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.42 19.21 %
R2 2.27 11.82 %
R1 2.06 1.48 %
Current price 2.03
Support S1 1.82 -10.34%
S2 1.66 -18.23%
S3 1.63 -19.70%

FAQ

What is the symbol for Energous Corporation Stock and on which exchange is it traded?
The symbol for Energous Corporation is WATT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Energous Corporation 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 Energous Corporation stock to perform well in the short-term.

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

What's the current price of Energous Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Energous Corporation (WATT) share was $2.03.

What is the 52-week high and low for Energous Corporation Stock?
The 52-week high for Energous Corporation Stock is $3.15 and the 52-week low is $0.170.

What is the market capitalization of Energous Corporation Stock?
As of the 2024-03-28, the market capitalization of Energous Corporation is 12.334M.

When is the next earnings date for Energous Corporation?
The upcoming earnings date for Energous Corporation is May 08, 2024.
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