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$7.64 (7.61%)

Volume: 194k

Closed: Nov 26, 2021

Hollow Logo Score: -1.385

Akers Biosciences Inc Stock Forecast

$7.64 (7.61%)

Volume: 194k

Closed: Nov 26, 2021

Score Hollow Logo -1.385
Which way will AKER go? Request
Key Stats
Beta 0.79
* 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 42 and the stock is currently not being overbought or oversold

Strong day for Akers Biosciences Inc stock price on Friday rising 7.61% to $7.64
(Updated on Nov 26, 2021)

Sell candidate since 2021-11-24 Gain 7.61%

The Akers Biosciences Inc stock price gained 7.61% on the last trading day (Friday, 26th Nov 2021), rising from $7.10 to $7.64. , and has now gained 4 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 8.91% from a day low at $7.07 to a day high of $7.70. The price has fallen in 6 of the last 10 days and is down by -10.43% for this period. Volume fell on the last day by -266 thousand shares and in total, 194 thousand shares were bought and sold for approximately $1.48 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 middle of a very 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 18.97% during the next 3 months and, with a 90% probability hold a price between $7.17 and $12.08 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The Akers Biosciences Inc stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $8.25. On a fall, the stock will find some support from the short-term average at $6.68. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Monday, November 22, 2021, and so far it has risen 28.40%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss

Akers Biosciences Inc finds support from accumulated volume at $7.49 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.63 between high and low, or 8.91%. For the last week the stock has had a daily average volatility of 10.64%.

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

Is Akers Biosciences Inc stock A Buy?

Akers Biosciences Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.385

Predicted Opening Price for Akers Biosciences Inc of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$7.47 $7.64 (Overvalued)
Sell Candidate Downgraded

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Volatility and Risk
Daily Average Volatility: 10.64 %
Overall Risk: Very High High Medium Low Very Low
10.64 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $7.96
Price: $7.64
Support: $7.49

AKER Insider Trading Show all Trades



Last 76 transactions
Buy: 2 747 840 | Sell: 506 962 (Shares)
Date Action Amount Person Type
Apr 16, 2021 Sell 109 500 Silverman Joshua Restricted Stock Units
Apr 16, 2021 Sell 38 325 Silverman Joshua Common Stock
Apr 16, 2021 Sell 109 500 White Billy Joe Restricted Stock Units
Apr 16, 2021 Sell 43 930 Schroeder Robert C Restricted Stock Units
Apr 16, 2021 Buy 43 930 Schroeder Robert C Common Stock
Show all Insider Trades


Last 76 transactions
Buy: 2 747 840 | Sell: 506 962 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 8.10 6.02 %
7.86 2.87 %
7.71 0.92 %
Current price: 7.64
Support 7.23 -5.38 %
7.08 -7.32 %
6.84 -10.47 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 8.94 17.02 %
8.09 5.89 %
7.96 4.19 %
Current price 7.64
Support 7.49 -1.96%
7.48 -2.09%
7.20 -5.76%

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About Akers Biosciences Inc

Akers Biosciences Akers Biosciences, Inc., together with its subsidiaries, focuses on the development and sale of disposable diagnostic testing devices to facilitate time sensitive therapeutic decisions in the United States and internationally. The company’s marketed products include BreathScan, a disposable breath alcohol detector; BreathScan PRO, a quantitative breath alcohol detection system; METRON, a disposable breath ketone device to monitor weight loss; an... Read more

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