Trend

Aceto Corporation lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $0.16 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.22% during the next 3 months and, with 90% probability hold a price between $0.19 and $0.27 at the end of this period.

Signals

There are few to none technical positive signals at the moment. Aceto Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $0.17 and $0.17. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday August 16, 2019, which indicates further falls until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.

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RSI14 is 46 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $0.16 and $0.16.

There is 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, Aceto Corporation finds support just below today's level at $0.16. If this is broken, then the next support from accumulated volume will be at $0.16 and $0.13.

Risk