Axcelis Technologies stock price down 0.99% on Monday
(Updated on Nov 29, 2021)
Buy or Hold candidate since 2021-10-15 Gain 26.01% PDF
The Axcelis Technologies stock price fell by -0.99% on the last day (Monday, 29th Nov 2021) from $62.83 to $62.21. and has now fallen 3 days in a row. During the day the stock fluctuated 5.01% from a day low at $61.45 to a day high of $64.53. The price has been going up and down for this period, and there has been a 1.3% gain for the last 2 weeks. Volume has increased on the last day by 278 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 519 thousand shares were bought and sold for approximately $32.27 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 35.26% during the next 3 months and, with a 90% probability hold a price between $75.48 and $88.27 at the end of this 3-month period.
Signals & Forecast
The Axcelis Technologies stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $63.24. On a fall, the stock will find some support from the long-term average at approximately $56.58. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -3.88%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $57.91 and $50.86. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Axcelis Technologies finds support just below today's level at $57.91. If this is broken, then the next support from accumulated volume will be at $50.86 and $49.71.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.08 between high and low, or 5.01%. For the last week, the stock has had a daily average volatility of 4.41%.
Our recommended stop-loss: $59.50 (-4.36%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Is Axcelis Technologies stock A Buy?
Axcelis Technologies holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.780
Predicted Opening Price for Axcelis Technologies of Tuesday, November 30, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 30, 2021||Current price|
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On Nov 05, 2021 "Needham & Company LLC" gave "$50.00 - $64.00" rating for ACLS. The price target was set to $61.14+5.6%.
ACLS Insider Trading
|Nov 22, 2021||Sell||3 497||Kurtzweil John T||Common Stock|
|Nov 11, 2021||Sell||1 000||Puma Mary G||Common Stock|
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|Nov 08, 2021||Sell||6 329||Fallon Lynnette C||Common Stock|
|Sep 15, 2021||Sell||10 425||Puma Mary G||Common Stock|
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