Axcelis Technologies Stock Forecast
Green day on Tuesday for Axcelis Technologies stock after gaining 0.377%
(Updated on Jul 02, 2024)
The Axcelis Technologies stock price gained 0.377% on the last trading day (Tuesday, 2nd Jul 2024), rising from $140.69 to $141.22. During the last trading day the stock fluctuated 4.12% from a day low at $139.00 to a day high of $144.72. The price has risen in 6 of the last 10 days and is up by 2.32% over the past 2 weeks. Volume fell on the last day by -87 thousand shares and in total, 361 thousand shares were bought and sold for approximately $50.96 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.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $143.57 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 42.54% during the next 3 months and, with a 90% probability hold a price between $177.34 and $204.64 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ACLS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, June 28, 2024, and so far it has fallen -0.682%. 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). The Axcelis Technologies 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 $139.92 and $125.31. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for Axcelis Technologies stock
Axcelis Technologies finds support from accumulated volume at $141.16 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $5.72 between high and low, or 4.12%. For the last week, the stock has had daily average volatility of 3.81%.
Our recommended stop-loss: $136.15 (-3.59%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 50 days ago.)
Trading Expectations (ACLS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Axcelis Technologies to open at $141.65, and during the day (based on 14 day Average True Range), to move between $135.62 and $146.82, which gives a possible trading interval of +/-$5.60 (+/-3.96%) up or down from last closing price. If Axcelis Technologies takes out the full calculated possible swing range there will be an estimated 7.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $141.16 (0.04%) than the resistance at $142.19 (0.69%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Axcelis Technologies stock to perform well in the short-term.
Current score: 1.876 Buy Candidate Unchanged
Predicted Opening Price for Axcelis Technologies of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $141.65 ( 0.302%) | $141.22 |
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 | |
|---|---|---|
| R3 | 147.37 | 4.35% |
| R2 | 145.18 | 2.81% |
| R1 | 143.83 | 1.85% |
| Price | 141.22 | |
| S1 | 139.46 | -1.25% |
| S2 | 138.11 | -2.20% |
| S3 | 135.93 | -3.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 142.19 | 0.687% |
| Price | 141.22 | |
| S1 | 141.16 | -0.0425% |
| S2 | 127.13 | -9.98% |
| S3 | 106.64 | -24.49% |
FAQ
Click here for our free guide on how to buy Axcelis Technologies Stock.
