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Is Acurx Pharmaceuticals, Inc. stock still a buy after falling -6.74% on Tuesday?
(Updated on Jun 02, 2026)
The Acurx Pharmaceuticals, Inc. stock price fell by -6.74% on the last day (Tuesday, 2nd Jun 2026) from $1.93 to $1.80. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 7.30% from a day low at $1.78 to a day high of $1.91. The price has risen in 5 of the last 10 days. Volume has increased on the last day by 39 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, 140 thousand shares were bought and sold for approximately $252.77 thousand.
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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
ACXP Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Acurx Pharmaceuticals, Inc. 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 $1.94 and $2.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 19, 2026, and so far it has fallen -72.85%. Further fall is indicated until a new bottom pivot has been found. Acurx Pharmaceuticals, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Acurx Pharmaceuticals, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.52 and $1.48. There is a 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, Acurx Pharmaceuticals, Inc. finds support just below today's level at $1.52. If this is broken, then the next support from accumulated volume will be at $1.48 and $1.45.
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 $0.130 between high and low, or 7.30%. For the last week, the stock has had daily average volatility of 5.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACXP) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Acurx Pharmaceuticals, Inc. to open at $1.83, and during the day (based on 14 day Average True Range), to move between $1.70 and $1.90, which gives a possible trading interval of +/-$0.195 (+/-11.44%) up or down from last closing price. If Acurx Pharmaceuticals, Inc. takes out the full calculated possible swing range there will be an estimated 11.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.96 (8.61%) than the support at $1.52 (15.56%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Acurx Pharmaceuticals, Inc. stock A Buy?
Acurx Pharmaceuticals, Inc. 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:
-5.629
Strong Sell Candidate
Unchanged
Predicted Fair Opening Price
Predicted fair opening price on June 3, 2026 - $1.83 ( 1.67%).
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ACXP Performance
Trading levels for ACXP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.96 | 8.89% |
| R2 | 1.91 | 6.13% |
| R1 | 1.88 | 4.43% |
| Price | 1.80 | |
| S1 | 1.78 | -1.09% |
| S2 | 1.75 | -2.80% |
| S3 | 1.70 | -5.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.16 | 20.00% |
| R2 | 1.97 | 9.44% |
| R1 | 1.96 | 8.61% |
| Price | 1.80 | |
| S1 | 1.52 | -15.56% |
| S2 | 1.48 | -17.78% |
| S3 | 1.45 | -19.44% |
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