The stock of Technical Communications Corporation (NASDAQ:TCCO) is now priced at $4.92 and the shares are 1.33 points up or 37.05% higher compared to its previous closing price of $3.59. The stock had 1.867 million contracts set over the past session. TCCO shares’ daily volume is compared to its average trading volume at 0.105 million shares. However, it has a float of 1.47 million and although its performance was 25.19% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the TCCO share price recently placing at $3.43 to $7. However, some brokerage firms have priced the stock below the average.

The shorts are climbing into the Technical Communications Corporation stock, with the latest data on short interest released on July 15, 2020, showing that short interest numbers in the TCCO shares have risen. Short interest in the stock represents just 0.33% of its float, but the volume has raised by 97. The volume of shorted shares rised to 4769 from 4672 shares over the last two weeks. The average intraday trading volume has been 17403 shares, which means that days to cover moved to roughly 1.

In the last trading session, Technical Communications Corporation (NASDAQ:TCCO) raised by $0.99 over the week and gained $1.58 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $10.49. The stock recorded its established 52-week high on 12/10/19.

Since 03/19/20, the stock has traded to a low of $1.72 at 186.05%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 2.02. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.

Looking at current readings, Technical Communications Corporation’s two-week RSI is 72.39. This suggests that the stock is oversold at the moment and that TCCO shares’ price movement remains not stable. The stochastic readings are equally revealing at 38.24% meaning the TCCO share price is currently in neutral territory.

The technical chart shows that the TCCO stock will likely settle at between $6.8 and $8.69 per share. However, if the stock dips below $3.23, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $1.55.

Currently, the stock is trading in the green of MACD, with a reading of 0.09. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.

Elsewhere, the TCCO stocks P/S ratio currently stands below the group’s average of 33.9. Technical Communications Corporation has its P/E ratio at 4.7, which means that the stock is currently trading at a premium relative to the 3.7 industry average.

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