High volatility in Axcella Health Inc. stock price on Wednesday which ended trading at $1.19
StockInvest.us, 2 months ago
The Axcella Health Inc. stock price gained 4.39% on the last trading day (Wednesday, 13th Sep 2023), rising from $1.14 to $1.19. During the last trading day the stock fluctuated 63.37% from a day low at $1.01 to a day high of $1.65. The price has risen in 6 of the last 10 days and is up by 164.44% over the past 2 weeks. Volume fell on the last day by -21 million shares and in total, 90 million shares were bought and sold for approximately $107.54 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
On Dec 16, 2022, it was reported that SVB Leerink gave AXLA a "Market Perform" grade with a "downgrade" action.
Given the current short-term trend, the stock is expected to rise 31.66% during the next 3 months and, with a 90% probability hold a price between $0.218 and $1.57 at the end of this 3-month period.
Mostly positive signals in the chart today. The Axcella Health Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.767 and $0.311. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, August 25, 2023, and so far it has risen 981.82%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Axcella Health Inc. finds support from accumulated volume at $1.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.640 between high and low, or 63.37%. For the last week, the stock has had daily average volatility of 81.36%.
Axcella Health Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
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