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 CONN
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Red day on Thursday for Conn
(Updated on Mar 28, 2024)

Sell candidate since Feb 23, 2024 Loss -17.69% PDF

The Conn stock price fell by -2.05% on the last day (Thursday, 28th Mar 2024) from $3.42 to $3.35. During the last trading day the stock fluctuated 6.46% from a day low at $3.25 to a day high of $3.46. The price has fallen in 6 of the last 10 days but is still up by 2.76% over the past 2 weeks. Volume has increased on the last day by 16 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, 58 thousand shares were bought and sold for approximately $192.63 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.08% during the next 3 months and, with a 90% probability hold a price between $1.92 and $2.90 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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CONN Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 10.56%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Conn 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 $3.36 and $3.89. A break-up above any of these levels will issue buy signals. Conn 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".

Support, Risk & Stop-loss for Conn stock

Conn finds support from accumulated volume at $3.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.210 between high and low, or 6.46%. For the last week, the stock has had daily average volatility of 6.37%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Monday, 1st we expect Conn to open at $3.35, and during the day (based on 14 day Average True Range), to move between $3.10 and $3.60, which gives a possible trading interval of +/-$0.249 (+/-7.43%) up or down from last closing price. If Conn takes out the full calculated possible swing range there will be an estimated 14.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.34 (0.30%) than the resistance at $3.39 (1.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Conn stock A Buy?

Conn 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: -4.271 Sell Candidate Unchanged

Predicted Opening Price for Conn of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.35 ( 0.0995%) $3.35

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

Trading levels for CONN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.56 6.37 %
R2 3.48 3.97 %
R1 3.43 2.49 %
Current price: 3.35
Support S1 3.27 -2.30 %
S2 3.22 -3.77 %
S3 3.14 -6.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.52 5.07 %
R2 3.49 4.18 %
R1 3.39 1.19 %
Current price 3.35
Support S1 3.34 -0.299%
S2 3.26 -2.69%
S3 3.20 -4.48%

FAQ

What is the symbol for Conn Stock and on which exchange is it traded?
The symbol for Conn is CONN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Conn Stock?
Conn 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.

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

What's the current price of Conn Stock?
As of the end of day on the 2024-03-28, the price of an Conn (CONN) share was $3.35.

What is the 52-week high and low for Conn Stock?
The 52-week high for Conn Stock is $6.47 and the 52-week low is $2.55.

What is the market capitalization of Conn Stock?
As of the 2024-03-28, the market capitalization of Conn is 83.961M.

When is the next earnings date for Conn?
The upcoming earnings date for Conn is Apr 03, 2024.
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