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ACM Research Inc. Class A Stock Forecast NASDAQ:ACMR

$79.76 (2.10%)

Volume: 205k

Closed: Dec 08, 2021

Hollow Logo Score: -4.349

ACM Research Inc. Class A Stock Forecast

$79.76 (2.10%)

Volume: 205k

Closed: Dec 08, 2021

Score Hollow Logo -4.349
Which way will ACMR go? Request
Key Stats
P/E Ratio 45.90
Beta 2.14
* 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 15 and the stock is extremely oversold on RSI14 and is now having a minor correction up. Further gains in the short-term can be expected, and some stocks will provide a very good short-term return from this kind of RSI position unless there is a fundamental risk for bankruptcy or other issues that may affect the stock negatively.

ACM Research Inc. Class A stock price up 2.1% on Wednesday
(Updated on Dec 08, 2021)


Sell candidate since 2021-11-16 Loss -25.07%

The ACM Research Inc. Class A stock price gained 2.10% on the last trading day (Wednesday, 8th Dec 2021), rising from $78.12 to $79.76. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 7.96% from a day low at $75.02 to a day high of $80.99. The price has fallen in 7 of the last 10 days and is down by -10.33% for this period. Volume fell on the last day by -65 thousand shares and in total, 205 thousand shares were bought and sold for approximately $16.32 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $75.88 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.70% during the next 3 months and, with a 90% probability hold a price between $63.96 and $88.78 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, December 06, 2021, and so far it has risen 4.26%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ACM Research Inc. Class A stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $80.92 and $98.02. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

ACM Research Inc. Class A finds support from accumulated volume at $78.69 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 $5.97 between high and low, or 7.96%. For the last week, the stock has had a daily average volatility of 7.68%.

ACM Research Inc. Class A is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Is ACM Research Inc. Class A stock A Buy?

ACM Research Inc. Class A holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.349

Predicted Opening Price for ACM Research Inc. Class A 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
$78.59 $79.76 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 08, 2021 "Benchmark" gave "$125.00" rating for ACMR. The price target was set to $106.84+4.0%.

Volatility and Risk
Daily Average Volatility: 7.68 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.68 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $81.57
Price: $79.76
Support: $78.69

ACMR Insider Trading Show all Trades

INSIDER POWER

0.388

Last 100 transactions
Buy: 480 106 | Sell: 1 236 119 (Shares)
Date Action Amount Person Type
Nov 18, 2021 Sell 5 000 Mckechnie Mark Stock Option
Nov 18, 2021 Sell 166 Mckechnie Mark Class A Common Stock
Nov 18, 2021 Sell 300 Mckechnie Mark Class A Common Stock
Nov 18, 2021 Sell 200 Mckechnie Mark Class A Common Stock
Nov 18, 2021 Sell 374 Mckechnie Mark Class A Common Stock
Show all Insider Trades
INSIDER POWER

0.388

Last 100 transactions
Buy: 480 106 | Sell: 1 236 119 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 84.56 6.02 %
82.28 3.16 %
80.87 1.39 %
Current price: 79.76
Support 76.31 -4.33 %
74.90 -6.09 %
72.62 -8.95 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 95.78 20.09 %
93.86 17.68 %
81.57 2.27 %
Current price 79.76
Support 78.69 -1.34%
78.12 -2.06%
76.50 -4.09%

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