Weaker Buy Today ACIA ranks #444 as BUY CANDIDATE #444 Stronger Buy

ACIA stock forecast Acacia Communications Inc.

ACIA stock forecast

Monday December 09, 2019 Change 0.36% Price $66.91
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

ACIA Forecast and Technical Stock Analysis


Buy candidate since 2019-11-12 Loss -0.61% PDF

Acacia Communications Inc. gained 0.36% in the last trading day ( Monday, 9th Dec 2019 ), rising from $66.67 to $66.91 , and has now gained 3 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 the day the stock fluctuated 0.65% from a day low at $66.56 to a day high of $66.99. The price has risen in 6 of the last 10 days and is up by 0.41% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 209 620 more shares were traded than the day before. In total, 379 550 shares bought and sold for approximately $25.40 million.

Quick summary:

  • 30 day high of the ACIA stock price was $67.99 and low was $66.02.
  • 90 day high was $67.99 and low was $63.41.
  • 52 week high for Acacia Communications Inc. - $67.99 and low - $36.00.
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Trend

Acacia Communications Inc. lies in the middle of a narrow and weak 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 4.76% during the next 3 months and, with 90% probability hold a price between $69.62 and $71.45 at the end of this period.

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Signals

Acacia Communications Inc. holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $66.67 and $66.24. A break down below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday November 12, 2019, which indicates further falls until a new bottom pivot has been found.

The stock had a Golden Star Signal* on Friday September 13, 2019 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 48 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

Acacia Communications Inc. finds support from accumulated volume at $66.49.

Support: $66.49 Price: $66.91 Resistance: $67.00

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.43 (0.65%) between high and low. For the last week, the stock has had daily average volatility of 0.64%.

Our recommended stop-loss: $64.16 (-4.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 18 day(s) ago.)

0.64 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

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.

Weaker Buy Today ACIA ranks #444 as BUY CANDIDATE #444 Stronger Buy
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Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

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