Social Sentiment for ACET
Bullish vs. Bearish opinions
Weighted Sentiment -0.46
Aceto Corporation Forecast and Stock Analysis
Technical ACET stock analysis for April 24, 2019.
Aceto Corporation fell by -16.67% in the last day from $0.14 to $0.12 The price has risen in 8 of the last 10 days and is up by 109.09% over the past 2 weeks. Volume has increased in the last day by 7.61 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 8.59 million shares bought and sold for approximately $987 506.00.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the ACET stock was $0.12. This is 16.67% less than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 147.00% from a day low at $0.10 to a day high of $0.25.
30 day high of the ACET stock price was $0.25 and low was $0.04.
90 day high was $1.82 and low was $0.04.
52 week high for the Aceto Corporation - $4.24 and low - $0.04.
Aceto Corporation 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 -79.18% during the next 3 months and, with 90% probability hold a price between $-0.17 and $0.08 at the end of this period.
There are few to none technical positive signals at the moment. Aceto Corporation holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.14. On a fall, the stock will find some support from the short-term average at $0.11. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Tuesday April 23, 2019, which indicates further falls until a new bottom pivot has been found. Aceto Corporation 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-off's".
Relative Strength Index (RSI)
RSI14 is 51 and the stock is currently not being overbought or oversold
Support & Resistance
Aceto Corporation finds support from accumulated volume at $0.11.
This stock may move much during a 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 $0.15 between high and low, or 147.00%. For the last week, the stock has had a daily average volatility of 56.66%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Aceto Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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|ACET $0.12 ($-0.02 -16.67%)|
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