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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ARAY
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Stock Analysis
Risk Assessment
Trading Strategy

Red day on Friday for Accuray Incorporated stock after losing 2.56%
(Updated on Apr 12, 2024)

Sell candidate since Mar 13, 2024 Loss -14.93% PDF

The Accuray Incorporated stock price fell by -2.56% on the last day (Friday, 12th Apr 2024) from $2.34 to $2.28. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.96% from a day low at $2.27 to a day high of $2.36. The price has fallen in 6 of the last 10 days and is down by -7.69% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -46 thousand shares and in total, 413 thousand shares were bought and sold for approximately $940.98 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. Given the current short-term trend, the stock is expected to fall -12.22% during the next 3 months and, with a 90% probability hold a price between $1.83 and $2.41 at the end of this 3-month period.

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ARAY Signals & Forecast

There are few to no technical positive signals at the moment. The Accuray Incorporated 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 $2.37 and $2.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -21.38%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Accuray Incorporated stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0900 between high and low, or 3.96%. For the last week the stock has had daily average volatility of 2.84%.

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

Trading Expectations (ARAY) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Accuray Incorporated to open at $2.30, and during the day (based on 14 day Average True Range), to move between $2.19 and $2.37, which gives a possible trading interval of +/-$0.0886 (+/-3.89%) up or down from last closing price. If Accuray Incorporated takes out the full calculated possible swing range there will be an estimated 7.77% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $2.37, some $0.0900 (3.95%) from the current price of $2.28, our system finds the risk reward not very attractive.

Is Accuray Incorporated stock A Buy?

Accuray Incorporated 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: -2.068 Sell Candidate Unchanged

Predicted Opening Price for Accuray Incorporated of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$2.30 ( 1.02%) $2.28

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

Trading levels for ARAY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.39 4.97 %
R2 2.36 3.46 %
R1 2.34 2.53 %
Current price: 2.28
Support S1 2.27 -0.485 %
S2 2.25 -1.42 %
S3 2.21 -2.92 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.61 14.47 %
R2 2.56 12.28 %
R1 2.37 3.95 %
Current price 2.28
Support S1 0 .
S2 0 .
S3 0 .


What is the symbol for Accuray Incorporated Stock and on which exchange is it traded?
The symbol for Accuray Incorporated is ARAY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Accuray Incorporated Stock?
Accuray Incorporated 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.

How to buy Accuray Incorporated Stock?
Accuray Incorporated Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Accuray Incorporated Stock.

What's the current price of Accuray Incorporated Stock?
As of the end of day on the 2024-04-12, the price of an Accuray Incorporated (ARAY) share was $2.28.

What is the 52-week high and low for Accuray Incorporated Stock?
The 52-week high for Accuray Incorporated Stock is $4.30 and the 52-week low is $2.27.

What is the market capitalization of Accuray Incorporated Stock?
As of the 2024-04-12, the market capitalization of Accuray Incorporated is 226.105M.

When is the next earnings date for Accuray Incorporated?
The upcoming earnings date for Accuray Incorporated is Apr 24, 2024.
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About Accuray Incorporated

Accurayorporated Accuray Incorporated designs, develops, manufactures, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the Americas, Europe, the Middle East, India, Africa, Japan, China, and rest of the Asia Pacific region. It offers the CyberKnife System, a robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of various types of cancer and tumors in the body, such as prostate,... ARAY Profile

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