VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

ACIA Forecast and Technical Stock Analysis

Hold candidate since 2019-07-15 Gain 0.15%

Acacia Communications Inc. gained 0.03% in the last trading day ( Wednesday, 17th Jul 2019 ), rising from $64.64 to $64.66 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 0.62% from a day low at $64.50 to a day high of $64.90. The price has risen in 6 of the last 10 days and is up by 31.37% over the past 2 weeks. Volume fell in the last day by -759 619 shares, and in total, 752 974 shares bought and sold for approximately $48.69 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.

Quick summary:

  • 30 day high of the ACIA stock price was $66.24 and low was $44.38.
  • 90 day high was $66.24 and low was $44.38.
  • 52 week high for the Acacia Communications Inc. - $66.24 and low - $31.42.
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Trend

Acacia Communications Inc. lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $65.34 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.96% during the next 3 months and, with 90% probability hold a price between $42.13 and $62.75 at the end of this period.

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Signals

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 $64.82. On a fall, the stock will find some support from the long-term average at approximately $50.67. 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. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday July 10, 2019, which indicates further falls until a new bottom pivot has been found.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 85 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.

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

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $50.44 and $49.87.

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, Acacia Communications Inc. finds support just below today's level at $50.44. If this is broken, then the next support from accumulated volume will be at $49.87 and $49.02.

Support: $50.44 Price: $64.66 Resistance: $64.91

Risk

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 $0.40 between high and low, or 0.62%. For the last week, the stock has had a daily average volatility of 1.27%.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stoploss: $61.39 (-5.06%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 85 and this increases the risk substantially. There is a sell signal from pivot top found 5 days ago.)

1.27 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Downgraded

Evaluation

Acacia Communications Inc. holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.

Previous Hold Today ACIA ranks #2445 as HOLD CANDIDATE #2445 Next Hold

Will ACIA stock price go up or down on Fri, 19 Jul 2019?

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