Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of TENKU will decline by -73.90% over the next 2 Weeks and hit $11.49 by Thursday, November 23, 2023. In that time frame, TENKU's share price is expected to range between $11.30 and $11.68.
BearishAverageBullishTENKU shares rose +17.02% in Wednesday, August 7, 2024's trading session, rising from a previous close of $37.60 to move at $44.00. The stock demonstrated notable intraday movement (see TENKU's key stats for a full breakdown), fluctuating between $40.01 and $45.84, a +14.57% trading range. While recent weeks have seen some volatility, TENKU has managed to secure a +221.17% gain over the past 2 weeks. The upward price movement was accompanied by remained steady trading volume, with approximately 0 shares changing hands, 0 fewer than the previous session. This amounted to $0.00 in total market activity.
Will TENKU Continue Its Downward Trend?
According to analyst ratings and projections for TENKU, TenX Keane Acquisition Corp. shares are anticipated to decrease by -276.47%, potentially reaching $11.69 per share by November 23, 2023. Short-term technical indicators for TENKU currently suggest a bearish sentiment. This aligns with the stock's recent performance, as it has recorded 21 negative trading days within the past 30 sessions. Based on the TENKU stock forecast, now is not the best time to buy TENKU stock because its current trading price is +283.10% above our predicted value, hinting at a possible undervaluation. For deeper insights, view our sentiment analysis on TENKU covering social and institutional perspectives.
TENKU Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into TENKU's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 83.88% to 85.01%) indicate the stock is in a strong bullish momentum phase. The 50-day RSI, at 82.42%, indicates significant medium-term strength. Additionally, the 100-day RSI, at 82.23%, indicates a bearish outlook for the long term. Insights into TENKU's shareholder base show how institutional investors are positioning themselves during these momentum shifts

