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 EYEN
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Eyenovia Inc. stock price down 0.0406% on Thursday
(Updated on Mar 28, 2024)

Sell candidate since Mar 05, 2024 Loss -43.98% PDF

The Eyenovia Inc. stock price fell by -0.0406% on the last day (Thursday, 28th Mar 2024) from $0.99 to $0.99. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.54% from a day low at $0.96 to a day high of $1.01. The price has fallen in 8 of the last 10 days and is down by -38.76% 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 -1 million shares and in total, 774 thousand shares were bought and sold for approximately $762.91 thousand.

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 ($1.15) are considered to be a "second chance" to get out. According to the fan-theory $0.0885 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

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EYEN Signals & Forecast

There are few to no technical positive signals at the moment. The Eyenovia 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 $1.10 and $1.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -58.40%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Eyenovia 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0530 between high and low, or 5.54%. For the last week the stock has had daily average volatility of 9.67%.

Eyenovia Inc. is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

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

For the upcoming trading day on Monday, 1st we expect Eyenovia Inc. to open at $0.98, and during the day (based on 14 day Average True Range), to move between $0.82 and $1.15, which gives a possible trading interval of +/-$0.167 (+/-16.97%) up or down from last closing price. If Eyenovia Inc. takes out the full calculated possible swing range there will be an estimated 33.94% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.99, some $0.0004 (0.04%) from the current price of $0.99, our system finds the risk reward not very attractive.

Is Eyenovia Inc. stock A Buy?

Eyenovia 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.

Current score: -5.420 Strong Sell Candidate Unchanged

Predicted Opening Price for Eyenovia Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.98 ( 0.169%) $0.99

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

Trading levels for EYEN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.04 5.21 %
R2 1.02 3.15 %
R1 1.00 1.88 %
Current price: 0.99
Support S1 0.96 -2.22 %
S2 0.95 -3.49 %
S3 0.93 -5.54 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.18 19.68 %
R2 1.18 19.17 %
R1 0.99 0.0406 %
Current price 0.99
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Eyenovia Inc. Stock and on which exchange is it traded?
The symbol for Eyenovia Inc. is EYEN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Eyenovia Inc. Stock?
Eyenovia 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.

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

What's the current price of Eyenovia Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Eyenovia Inc. (EYEN) share was $0.99.

What is the 52-week high and low for Eyenovia Inc. Stock?
The 52-week high for Eyenovia Inc. Stock is $5.84 and the 52-week low is $0.92.

What is the market capitalization of Eyenovia Inc. Stock?
As of the 2024-03-28, the market capitalization of Eyenovia Inc. is 47.86M.

When is the next earnings date for Eyenovia Inc.?
The upcoming earnings date for Eyenovia Inc. is May 09, 2024.
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About Eyenovia Inc.

Eyenovia. Eyenovia, Inc., a clinical stage ophthalmic company, engages in developing therapeutics based on its proprietary microdose array print platform technology. The company focuses on developing clinical microdosing of formulations of ophthalmic pharmaceutical agents using its Optejet branded targeted ocular delivery system. It focuses on the development of therapeutic indications for patients with progressive myopia and age-related near vision impair... EYEN Profile

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