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Weaker Hold
Today ACLS ranks #3204 as hold candidate. Get a Free Stock at Robinhood
Stronger Stock

$62.21 (-0.99%)

Volume: 519k

Closed: Nov 29, 2021

Hollow Logo Score: -0.780

Axcelis Technologies Stock Forecast

$62.21 (-0.99%)

Volume: 519k

Closed: Nov 29, 2021

Score Hollow Logo -0.780
Which way will ACLS go? Request
Stop-loss: $59.50 (-4.36%)
Key Stats
P/E Ratio 26.71
Beta 2.71
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 52 and the stock is currently not being overbought or oversold

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%

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
$62.73 $62.21 (Undervalued)
Hold/Accumulate Unchanged

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Analyst Ratings

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%.

Volatility and Risk
Daily Average Volatility: 4.41 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.41 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $63.58
Price: $62.21
Support: $57.91

ACLS Insider Trading Show all Trades

INSIDER POWER

0.558

Last 100 transactions
Buy: 329 699 | Sell: 590 818 (Shares)
Date Action Amount Person Type
Nov 22, 2021 Sell 3 497 Kurtzweil John T Common Stock
Nov 11, 2021 Sell 1 000 Puma Mary G Common Stock
Nov 08, 2021 Sell 1 217 Lawson Douglas A. Common Stock
Nov 08, 2021 Sell 6 329 Fallon Lynnette C Common Stock
Sep 15, 2021 Sell 10 425 Puma Mary G Common Stock
Show all Insider Trades
INSIDER POWER

0.558

Last 100 transactions
Buy: 329 699 | Sell: 590 818 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 65.81 5.79 %
64.63 3.90 %
63.91 2.73 %
Current price: 62.21
Support 61.55 -1.06 %
60.83 -2.22 %
59.65 -4.12 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 64.16 3.13 %
63.83 2.60 %
63.58 2.20 %
Current price 62.21
Support 57.91 -6.91%
50.86 -18.24%
49.71 -20.09%

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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 worldwide. It offers a line of high energy, high current, and medium current implanters for all application requirements. The company also provides dry strip systems for smaller wafers. In addition, it offers extensive aftermarket lifecycle products and services, including used tools, spare ... Read more

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