Acacia Communications Inc. Forecast and Stock Analysis
Technical ACIA stock analysis for April 22, 2019.
Acacia Communications Inc. gained 0.22% in the last trading day, rising from $58.02 to $58.15 The price has fallen in 6 of the last 10 days and is down by -0.15% for this period. Volume fell in the last day by -388 755 shares, and in total, 318 569 shares bought and sold for approximately $18.52 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Monday, 22nd Apr 2019) of the ACIA stock was $58.15. This is 0.22% more than the trading day before Thursday, 18th Apr 2019.
During day the stock fluctuated 2.31% from a day low at $57.11 to a day high of $58.43.
30 day high of the ACIA stock price was $62.18 and low was $52.50.
90 day high was $62.18 and low was $40.86.
52 week high for the Acacia Communications Inc. - $62.18 and low - $26.77.
Acacia Communications Inc. lies in the lower part of a 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 $58.08 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 41.36% during the next 3 months and, with 90% probability hold a price between $82.11 and $98.18 at the end of this period.
Only positive signals in the chart today. Acacia Communications Inc. holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $59.52. On a fall, the stock will find some support from the long-term average at approximately $56.73. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday April 18, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
Acacia Communications Inc. finds support from accumulated volume at $57.92.
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 $1.32 (2.31%) between high and low. For the last week, the stock has had a daily average volatility of 3.35%.
Our recommended stoploss: $54.76 (-5.83%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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|ACIA $58.15 ($0.13 0.22%)|
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