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Accuray Incorporated Stock Forecast NASDAQ:ARAY

$5.03 (-1.76%)

Volume: 645k

Closed: Nov 29, 2021

Hollow Logo Score: 2.569

Accuray Incorporated Stock Forecast

$5.03 (-1.76%)

Volume: 645k

Closed: Nov 29, 2021

Score Hollow Logo 2.569
Which way will ARAY go? Request
Stop-loss: $4.76 (-5.42%)
Key Stats
P/E Ratio -59.08
Beta 1.44
* 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 37 and the stock is currently not being overbought or oversold

Accuray Incorporated stock price down 1.76% on Monday
(Updated on Nov 29, 2021)


Buy or Hold candidate since 2021-10-19 Gain 26.70%

The Accuray Incorporated stock price fell by -1.76% on the last day (Monday, 29th Nov 2021) from $5.12 to $5.03. and has now fallen 3 days in a row. During the day the stock fluctuated 4.10% from a day low at $5.00 to a day high of $5.21. The price has fallen in 8 of the last 10 days and is down by -14.02% 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 -190 thousand shares and in total, 645 thousand shares were bought and sold for approximately $3.24 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.83 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 53.26% during the next 3 months and, with a 90% probability hold a price between $7.40 and $9.88 at the end of this 3-month period.

Signals & Forecast

The Accuray Incorporated 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 $5.28. On a fall, the stock will find some support from the long-term average at approximately $4.94. 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 Thursday, November 04, 2021, and so far it has fallen -14.46%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Accuray Incorporated finds support from accumulated volume at $4.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.21 between high and low, or 4.10%. For the last week, the stock has had a daily average volatility of 4.35%.

Our recommended stop-loss: $4.76 (-5.42%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)

Is Accuray Incorporated stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Accuray Incorporated stock to perform well in the short-term.

Current score: 2.569

Predicted Opening Price for Accuray Incorporated 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
$5.08 $5.03 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

BTIG Research is very positive about ARAY and gave it a "Buy" rating on Aug 14, 2020. The price target was set to $6.00.

Volatility and Risk
Daily Average Volatility: 4.35 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.35 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $5.34
Price: $5.03
Support: $4.99

ARAY Insider Trading Show all Trades

INSIDER POWER

14.171

Last 100 transactions
Buy: 6 746 059 | Sell: 476 047 (Shares)
Date Action Amount Person Type
Nov 22, 2021 Sell 8 152 Scott Byron C Common Stock
Nov 22, 2021 Sell 13 453 Davila Elizabeth H Common Stock
Nov 22, 2021 Sell 13 453 Pettingill Richard Common Stock
Nov 22, 2021 Sell 13 453 Huss Beverly A Common Stock
Nov 08, 2021 Buy 9 000 Scott Byron C Common Stock
Show all Insider Trades
INSIDER POWER

14.171

Last 100 transactions
Buy: 6 746 059 | Sell: 476 047 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 5.28 5.04 %
5.21 3.48 %
5.16 2.52 %
Current price: 5.03
Support 5.00 -0.60 %
4.95 -1.56 %
4.87 -3.11 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 5.74 14.12 %
5.61 11.53 %
5.34 6.16 %
Current price 5.03
Support 4.99 -0.80%
3.97 -21.07%
3.80 -24.45%

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About Accuray Incorporated

Accurayorporated Accuray Incorporated designs, develops, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the body. 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. The CyberKnife System automatically tracks, detects, and corrects for tumor and patient movement in real-time during the proce... Read more

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