Bullish vs. Bearish (2 opinions)
Social Sentiment 0.33
ACOR Forecast and Technical Stock Analysis
Hold candidate since 2019-09-20 PDF
Acorda Therapeutics gained 2.95% in the last trading day ( Friday, 20th Sep 2019 ), rising from $3.39 to $3.49 During the day the stock fluctuated 7.19% from a day low at $3.34 to a day high of $3.58. The price has risen in 6 of the last 10 days and is up by 24.64% 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, 4.13 million more shares were traded than the day before. In total, 5.02 million shares bought and sold for approximately $17.51 million.
- 30 day high of the ACOR stock price was $4.46 and low was $2.67.
- 90 day high was $8.08 and low was $2.27.
- 52 week high for Acorda Therapeutics - $21.63 and low - $2.27.
Acorda Therapeutics 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 $3.76 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 -59.61% during the next 3 months and, with 90% probability hold a price between $0.04 and $1.52 at the end of this period.
Acorda Therapeutics 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 $3.59. On a fall, the stock will find some support from the long-term average at approximately $3.19. 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 September 19, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 55 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
Acorda Therapeutics finds support from accumulated volume at $3.39.
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 $0.24 between high and low, or 7.19%. For the last week, the stock has had a daily average volatility of 10.19%.
Our recommended stop-loss: $3.28 (-6.06%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
10.19 %Average volatility
Very Low Low Medium High Very High
Acorda Therapeutics holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|ACOR $3.49 ($0.10 2.95%)|
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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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