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Accolade Inc. Stock Forecast NASDAQ:ACCD

$26.43 (-0.38%)

Volume: 791k

Closed: Dec 08, 2021

Hollow Logo Score: -3.974

Accolade Inc. Stock Forecast

$26.43 (-0.38%)

Volume: 791k

Closed: Dec 08, 2021

Score Hollow Logo -3.974
Which way will ACCD go? Request
Earnings Date: Jan 05, 2022
Key Stats
Beta 1.97
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 30 - 80 ] The Accolade Inc. stock currently holds an RSI14 at 29 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Accolade Inc. stock price ended on $26.43 on Wednesday after losing 0.38%
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-09 Loss -31.19%

The Accolade Inc. stock price fell by -0.38% on the last day (Wednesday, 8th Dec 2021) from $26.53 to $26.43. During the day the stock fluctuated 5.70% from a day low at $25.51 to a day high of $26.96. The price has fallen in 6 of the last 10 days and is down by -5.54% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -154 thousand shares and in total, 791 thousand shares were bought and sold for approximately $20.90 million.

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. Given the current short-term trend, the stock is expected to fall -37.79% during the next 3 months and, with a 90% probability hold a price between $14.38 and $20.47 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 9.80%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Accolade Inc. 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 $33.88. On a fall, the stock will find some support from the short-term average at $25.45. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Accolade Inc. finds support from accumulated volume at $25.67 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 $1.46 between high and low, or 5.70%. For the last week, the stock has had a daily average volatility of 7.54%.

Accolade Inc. is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Accolade Inc. stock A Buy?

Accolade Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.974

Predicted Opening Price for Accolade Inc. of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$26.30 $26.43 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Dec 01, 2021 "Jefferies Financial Group" gave "" rating for ACCD. The price target was changed from $24.33 to 5.2%.

Volatility and Risk
Daily Average Volatility: 7.54 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.54 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $26.53
Price: $26.43
Support: $25.67

ACCD Insider Trading Show all Trades

INSIDER POWER

23.929

Last 100 transactions
Buy: 423 610 | Sell: 17 703 (Shares)
Date Action Amount Person Type
Dec 01, 2021 Sell 461 Jordan Jeffrey D Restricted Stock Units
Dec 01, 2021 Buy 461 Jordan Jeffrey D Common Stock
Dec 01, 2021 Sell 461 Neff Thomas J Restricted Stock Units
Dec 01, 2021 Buy 461 Neff Thomas J Common Stock
Dec 01, 2021 Sell 461 Wadors Patricia L Restricted Stock Units
Show all Insider Trades
INSIDER POWER

23.929

Last 100 transactions
Buy: 423 610 | Sell: 17 703 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 27.75 5.01 %
27.20 2.90 %
26.85 1.60 %
Current price: 26.43
Support 25.74 -2.60 %
25.40 -3.90 %
24.84 -6.00 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 28.83 9.08 %
27.98 5.86 %
26.53 0.38 %
Current price 26.43
Support 25.67 -2.88%
24.34 -7.91%
24.07 -8.93%

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