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 ACFN
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Thursday for Acorn Energy Inc stock after losing 4.11%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 06, 2024 Gain 12.90% PDF

The Acorn Energy Inc stock price fell by -4.11% on the last day (Thursday, 28th Mar 2024) from $7.30 to $7.00. During the last trading day the stock fluctuated 9.38% from a day low at $6.40 to a day high of $7.00. The price has been going up and down for this period, and there has been a -11.39% loss for the last 2 weeks. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately $13.01 thousand.

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 12.98% during the next 3 months and, with a 90% probability hold a price between $7.04 and $9.14 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

ACFN Signals & Forecast

The Acorn Energy Inc 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 $7.28. On a fall, the stock will find some support from the long-term average at approximately $6.63. 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 Friday, March 15, 2024, and so far it has fallen -11.95%. 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). Acorn Energy Inc 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-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Acorn Energy Inc stock

Acorn Energy Inc finds support from accumulated volume at $6.65 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 much during the 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 $0.600 between high and low, or 9.38%. For the last week, the stock has had daily average volatility of 1.88%.

Our recommended stop-loss: $6.65 (-5.02%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (ACFN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Acorn Energy Inc to open at $6.80, and during the day (based on 14 day Average True Range), to move between $6.70 and $7.30, which gives a possible trading interval of +/-$0.301 (+/-4.30%) up or down from last closing price. If Acorn Energy Inc takes out the full calculated possible swing range there will be an estimated 8.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $7.25 (3.57%) than the support at $6.65 (5.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Acorn Energy Inc stock A Buy?

Acorn Energy Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Acorn Energy Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$6.80 ( 2.86%) $7.00

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

Trading levels for ACFN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.40 5.71 %
R2 7.17 2.44 %
R1 7.03 0.417 %
Current price: 7.00
Support S1 6.57 -6.13 %
S2 6.43 -8.15 %
S3 6.20 -11.43 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 7.95 13.57 %
R2 7.86 12.32 %
R1 7.25 3.57 %
Current price 7.00
Support S1 6.65 -5.00%
S2 6.20 -11.43%
S3 6.00 -14.29%

ACFN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 07, 2013 Feb 15, 2013 Mar 04, 2013 $0.0350 0.0339%
2 Nov 13, 2012 Nov 13, 2012 Nov 13, 2012 $0.0350 0.0288%
3 Aug 15, 2012 Aug 15, 2012 Aug 15, 2012 $0.0350 0.0270%
4 May 11, 2012 May 11, 2012 May 11, 2012 $0.0350 0.0192%
5 Feb 15, 2012 Feb 15, 2012 Feb 15, 2012 $0.0350 0.0253%

FAQ

What is the symbol for Acorn Energy Inc Stock and on which exchange is it traded?
The symbol for Acorn Energy Inc is ACFN and it is traded on the OTCMKTS (OTC Markets Group).

Should I buy or sell Acorn Energy Inc Stock?
Acorn Energy Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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

What's the current price of Acorn Energy Inc Stock?
As of the end of day on the 2024-03-28, the price of an Acorn Energy Inc (ACFN) share was $7.00.

What is the 52-week high and low for Acorn Energy Inc Stock?
The 52-week high for Acorn Energy Inc Stock is $8.40 and the 52-week low is $0.250.

What is the market capitalization of Acorn Energy Inc Stock?
As of the 2024-03-28, the market capitalization of Acorn Energy Inc is 17.411M.

When is the next earnings date for Acorn Energy Inc?
The upcoming earnings date for Acorn Energy Inc is May 09, 2024.
Click to get the best stock tips daily for free!

About Acorn Energy Inc

Acorn Energy Acorn Energy, Inc., through its subsidiaries, develops and markets wireless remote monitoring and control systems for various markets in the United States and internationally. It operates through two segments, Power Generation (PG) Monitoring and Cathodic Protection (CP) Monitoring. The PG segment provides wireless remote monitoring and control systems, and services for critical assets, which include stand-by power generators, compressors, pumps,... ACFN Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT