Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU
Monday June 24, 2019 Change 0.80% Price $22.58
Chart period: 2019-03-25 - 2019-06-24
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Social Sentiment for FNSR

Today's data is from 2 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
100%
0%
Weighted Sentiment 0.23

Will FNSR stock price go up or down on Wed, 26 Jun 2019?

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Finisar Corporation Forecast and Stock Analysis

Technical FNSR stock analysis for Monday June 24, 2019.

Hold candidate since 2019-06-19 Gain 0.22%


Finisar Corporation gained 0.80% in the last trading day ( Monday, 24th Jun 2019 ), rising from $22.40 to $22.58 During day the stock fluctuated 2.20% from a day low at $22.25 to a day high of $22.74. The price has risen in 7 of the last 10 days and is up by 3.01% over the past 2 weeks. Volume fell in the last day by -1 415 465 shares, and in total, 968 104 shares bought and sold for approximately $21.86 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the FNSR stock price was $22.79 and low was $20.75.
  • 90 day high was $24.50 and low was $20.75.
  • 52 week high for the Finisar Corporation - $24.77 and low - $15.81.

Trend

Finisar Corporation lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $22.83 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.52% during the next 3 months and, with 90% probability hold a price between $18.16 and $20.43 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Finisar Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $22.37 and $22.18. A break down below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday June 18, 2019, which indicates further falls until a new bottom pivot has been found.

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Relative Strength Index (RSI)

RSI14 is 69 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Finisar Corporation finds support from accumulated volume at $22.03.

Support: $22.03 Price: $22.58 Resistance: $22.96

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.49 (2.20%) between high and low. For the last week, the stock has had a daily average volatility of 1.66%.

Our recommended stoploss: $21.81 (-3.39%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 4 days ago.)

1.66 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Finisar Corporation holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Hold/Accumulate Downgraded
Previous Hold Today FNSR ranks #2945 as HOLD CANDIDATE #2945 Next Hold

Will FNSR stock price go up or down on Wed, 26 Jun 2019?

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