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 INFN
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Volatile ride for Infinera Corporation stock price on Wednesday moving between $5.14 and $5.71
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 9.54% PDF

The Infinera Corporation stock price gained 8.04% on the last trading day (Wednesday, 27th Mar 2024), rising from $5.10 to $5.51. During the last trading day the stock fluctuated 11.09% from a day low at $5.14 to a day high of $5.71. The price has risen in 8 of the last 10 days and is up by 23.82% 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, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $28.95 million.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may 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 $5.59 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.31% during the next 3 months and, with a 90% probability hold a price between $4.79 and $5.94 at the end of this 3-month period.

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INFN Signals & Forecast

Mostly positive signals in the chart today. The Infinera Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $5.29 and $5.07. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 23.82%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Infinera Corporation stock

Infinera Corporation finds support from accumulated volume at $5.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.570 between high and low, or 11.09%. For the last week, the stock has had daily average volatility of 6.14%.

Our recommended stop-loss: $5.31 (-3.72%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (INFN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Infinera Corporation to open at $5.45, and during the day (based on 14 day Average True Range), to move between $5.20 and $5.82, which gives a possible trading interval of +/-$0.310 (+/-5.64%) up or down from last closing price. If Infinera Corporation takes out the full calculated possible swing range there will be an estimated 11.27% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $5.35, some $0.160 (2.90%) from the current price of $5.51, our system finds the risk reward attractive.

Is Infinera Corporation stock A Buy?

Infinera Corporation holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.829 Strong Buy Candidate Upgraded

Predicted Opening Price for Infinera Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$5.45 ( 1.03%) $5.51

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

Trading levels for INFN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.02 9.32 %
R2 5.81 5.36 %
R1 5.67 2.92 %
Current price: 5.51
Support S1 5.24 -4.98 %
S2 5.10 -7.42 %
S3 4.88 -11.37 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 5.51
Support S1 5.35 -2.90%
S2 4.86 -11.80%
S3 4.51 -18.15%

FAQ

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

Should I buy or sell Infinera Corporation Stock?
Infinera Corporation holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Infinera Corporation Stock?
Infinera 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 Infinera Corporation Stock.

What's the current price of Infinera Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Infinera Corporation (INFN) share was $5.51.

What is the 52-week high and low for Infinera Corporation Stock?
The 52-week high for Infinera Corporation Stock is $7.80 and the 52-week low is $2.82.

What is the market capitalization of Infinera Corporation Stock?
As of the 2024-03-27, the market capitalization of Infinera Corporation is 1.18B.

When is the next earnings date for Infinera Corporation?
The upcoming earnings date for Infinera Corporation is May 01, 2024.
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About Infinera Corporation

Infinera Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over... INFN Profile

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