As this happened, Northland Capital initiated its POET Technologies Inc [POET] rating to an Outperform in a research note published on November 18, 2024; the price target was $6.
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Price Performance Review of POET
On Tuesday, POET Technologies Inc [NASDAQ:POET] saw its stock jump 7.47% to $5.32. Over the last five days, the stock has gained 25.18%. POET Technologies Inc shares have risen nearly 468.74% since the year began. Nevertheless, the stocks have risen 366.67% over the past one year. While a 52-week high of $5.83 was reached on 12/02/24, a 52-week low of $0.77 was recorded on 01/04/24. SMA at 50 days reached $4.14, while 200 days put it at $2.68.
Levels Of Support And Resistance For POET Stock
The 24-hour chart illustrates a support level at 4.90, which if violated will result in even more drops to 4.48. On the upside, there is a resistance level at 5.57. A further resistance level may holdings at 5.81. The Relative Strength Index (RSI) on the 14-day chart is 66.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.17%. Stochastics %K at 78.01% indicates the stock is a holding.
How much short interest is there in POET Technologies Inc?
A steep rise in short interest was recorded in POET Technologies Inc stocks on 2024-10-31, growing by 17792.0 shares to a total of 2.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.09 million shares. There was a rise of 0.84%, which implies that there is a positive sentiment for the stock.
