Acorda Therapeutics Stock Forecast
Acorda Therapeutics stock price down 0% on Tuesday
(Updated on Apr 23, 2024)
No changes to the price of Acorda Therapeutics stock on the last trading day (Tuesday, 23rd Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $0.661 to a day high of $0.661. The price has been going up and down for this period, and there has been a -35.2% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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ACOR Signals & Forecast
There are mixed signals in the stock today. The Acorda Therapeutics stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.661 and $7.38. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Acorda Therapeutics stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $0.621 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ACOR) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Acorda Therapeutics to open at $0.661, and during the day (based on 14 day Average True Range), to move between $0.0820 and $1.24, which gives a possible trading interval of +/-$0.579 (+/-87.59%) up or down from last closing price. If Acorda Therapeutics takes out the full calculated possible swing range there will be an estimated 175.19% move between the lowest and the highest trading price during the day.
Is Acorda Therapeutics stock A Buy?
Acorda Therapeutics holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Acorda Therapeutics of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$0.661 ( 0%) | $0.661 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACOR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.661 | . | |
R2 | 0.661 | . | ||
R1 | 0.661 | . | ||
Current price: | 0.661 | |||
Support | S1 | 0.661 | . | |
S2 | 0.661 | . | ||
S3 | 0.661 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.661 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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