RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ACLS
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Axcelis Technologies stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Axcelis Technologies stock price gained 4.10% on the last trading day (Wednesday, 27th Mar 2024), rising from $108.04 to $112.47. During the last trading day the stock fluctuated 4.73% from a day low at $107.50 to a day high of $112.58. The price has been going up and down for this period, and there has been a 3.52% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 44 thousand more shares were traded than the day before. In total, 482 thousand shares were bought and sold for approximately $54.25 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.77% during the next 3 months and, with a 90% probability hold a price between $90.53 and $108.34 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ACLS Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 4.52%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Axcelis Technologies stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $113.97. On a fall, the stock will find some support from the short-term average at $111.62. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Axcelis Technologies stock

Axcelis Technologies finds support from accumulated volume at $111.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $5.08 (4.73%) between high and low. For the last week, the stock has had daily average volatility of 3.14%.

Our recommended stop-loss: $106.72 (-5.12%) (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 (ACLS) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Axcelis Technologies to open at $110.85, and during the day (based on 14 day Average True Range), to move between $108.28 and $116.66, which gives a possible trading interval of +/-$4.19 (+/-3.73%) up or down from last closing price. If Axcelis Technologies takes out the full calculated possible swing range there will be an estimated 7.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $111.91 (0.50%) than the resistance at $116.08 (3.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Axcelis Technologies stock A Buy?

Axcelis Technologies 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.036 Hold/Accumulate Upgraded

Predicted Opening Price for Axcelis Technologies of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$110.85 ( 1.44%) $112.47

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ACLS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 115.93 3.08 %
R2 113.99 1.35 %
R1 112.79 0.285 %
Current price: 112.47
Support S1 108.91 -3.17 %
S2 107.71 -4.23 %
S3 105.77 -5.96 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 125.32 11.43 %
R2 122.25 8.70 %
R1 116.08 3.21 %
Current price 112.47
Support S1 111.91 -0.498%
S2 109.32 -2.80%
S3 108.65 -3.40%

FAQ

What is the symbol for Axcelis Technologies Stock and on which exchange is it traded?
The symbol for Axcelis Technologies is ACLS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Axcelis Technologies Stock?
Axcelis Technologies 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Axcelis Technologies Stock?
Axcelis Technologies Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Axcelis Technologies Stock.

What's the current price of Axcelis Technologies Stock?
As of the end of day on the 2024-03-27, the price of an Axcelis Technologies (ACLS) share was $112.47.

What is the 52-week high and low for Axcelis Technologies Stock?
The 52-week high for Axcelis Technologies Stock is $201.00 and the 52-week low is $105.28.

What is the market capitalization of Axcelis Technologies Stock?
As of the 2024-03-27, the market capitalization of Axcelis Technologies is 3.525B.

When is the next earnings date for Axcelis Technologies?
The upcoming earnings date for Axcelis Technologies is May 01, 2024.
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About Axcelis Technologies

Axcelis Technologies Axcelis Technologies, Inc. designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia. The company offers high energy, high current, and medium current implanters for various application requirements. It also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services,... ACLS Profile

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