The Golden Star. Read more.

ACIA - Acacia Communications Inc.

Fri 19'th Jan 2018

PERIOD 2017-10-20 - 2018-01-19
CHANGE -0.57%
PRICE $36.80
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Request Prediction
0.00%
Predict

Acacia Communications Inc. Stock Analysis

Technical stock analysis for Fri 19'th Jan 2018

Shorts 19.63% ( 2017-12-29 )
Cash 1 153.3 mill
Loans n/a
Beta 1.56
ROA 23.48
Sell candidate since 2018-01-12 Loss -7.28%

Acacia Communications Inc. fell by -0.57% in the last day from $37.01 to $36.80 and has now fallen 6 days in a row. The price has fallen in 6 of the last 10 days and is down by -4.27% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -214 430 shares and in total 222 747 shares bought and sold for approximately $8.20 million.

Access today's Top 5 Sell Candidates

Learn how to trade ACIA stocks

Trend

Acacia Communications Inc. lies in the middle of a 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 -7.07% during the next 3 months and, with 90% probability hold a price between $31.01 and $37.83 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. Acacia Communications Inc. holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $38.37 and $38.66. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday January 11, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 49 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Acacia Communications Inc. finds support from accumulated volume at $36.37. On the upside the stock meets some resistance just above today's level from accumulated volume at $36.82, $39.10 and $40.99.

The stock is about to test the resistance from accumulated volume at $36.82 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $36.37 Price: $36.80 Resistance: $36.82

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.79 (2.16%) between high and low. For the last week, the stock has had a daily average volatility of 3.06%.

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

Overall risk:

Very Low Low Medium High Very High

Evaluation

Acacia Communications Inc. holds several negative signals and is within a 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.

Short Sell ACIA CFDs with Plus500

Your capital is at risk.

Important: Plus500 doesn't offer signals and it is a CFD service.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

Access these features

Auto portfolios gaining up to 30%
Top 5 Candidates in all Lists
Ultimate List Builder
Ad-free browsing

Become a PRO Now
Help us IMPROVE our CHARTS HERE.

Recommended
books of the week

Last donation

Do you find our website useful too?
Help us improve by making a small donation or
Get PRO features

START FREE 5-DAY TRIAL