Telos Corporation is a company that offers cyber, cloud, and enterprise security solutions worldwide. Its shares are traded on the NASDAQ with the symbol TLS.
Telos stock has been very volatile in the past year, ranging from $1.53 to $12.51 per share. The company has not been making profits or paying dividends to its shareholders. The company’s earnings per share were negative $0.04 in the first quarter of 2023.
Technical Analysis of Telos Stock Price in 1-D Timeframe
Telos stock ( NASDAQ: TLS) has seen its stock price drop steadily for the past six months, dropping by 54.64%. TLS stock is trading at $2.30 when writing and has been trying to hold on to this level.
If it cannot sustain this level, the Telos price could continue to go down and reach the first and second targets of $2.21 and $1.58, respectively. However, if the TLS price maintains this level and goes up, it might hit the closest support levels of $2.77 and $3.43.
At the time of publishing, Telos stock (NASDAQ: TLS) is trading below the 50 and 200-day SMAs (Simple moving averages), which are not supporting the price trend.
However, if selling volume increases, the price might conquer supporting SMAs by making lower highs and lows. Hence, the TLS price will move downwards, giving bearish signals over the daily time frame chart.
The current value of RSI is 40.97 points. The 14 SMA is above the median line at 45.80 points, indicating that the Telos stock is bearish.
The MACD line at -0.0324 and the signal line at -0.0278 are above the zero line. A bearish crossover is observed in the MACD indicator, which signals more bearishness for the TLS stock price.
Summary
Telos (NASDAQ: TLS) suggests that the investors and traders of the share price are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment. The technical oscillators of the TLS stock price also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the TLS stock price.
Technical Levels
- Support Levels: $2.28 and $1.58.
- Resistance levels: $2.77 and $3.43.
