ACIA Forecast and Technical Stock Analysis
Buy candidate since 2019-08-06 Loss -1.68%
Acacia Communications Inc. fell by -0.79% in the last day ( Friday, 16th Aug 2019 ) from $64.48 to $63.97 and has now fallen 4 days in a row. During the day the stock fluctuated 1.79% from a day low at $63.78 to a day high of $64.92. The price has fallen in 7 of the last 10 days and is down by -4.02% for this period. Volume has increased in the last day by 221 492 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 428 804 shares bought and sold for approximately $27.43 million.
- 30 day high of the ACIA stock price was $67.49 and low was $63.04.
- 90 day high was $67.49 and low was $44.38.
- 52 week high for Acacia Communications Inc. - $67.49 and low - $32.98.
Acacia Communications Inc. 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 50.72% during the next 3 months and, with 90% probability hold a price between $90.32 and $115.46 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Tuesday August 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 $64.29. On a fall, the stock will find some support from the long-term average at approximately $62.22. 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 39 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
On the downside, the stock finds support just below today's level from accumulated volume at $50.44 and $49.02.
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 $49.02 and $48.47.
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 $1.14 (1.79%) between high and low. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: $61.44 (-3.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 day(s) ago.)
1.73 %Average volatility
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|ACIA $63.97 ($-0.51 -0.79%)|
ACIA is down $0.51 today, but where's it headed in 2019?
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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.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!