ACST - Acasti Pharma

Industry: Biotechnology Sector: Healthcare | Exchange: NASDAQ

Buy Candidate
Buy Score Rank #1497 out of #5176
Wed 26'th Jul 2017

PERIOD COVERED
2017-04-27 - 2017-07-26
CHANGE
7.80%
PRICE
$1.38
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

BOLLINGER
Buy
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Acasti Pharma Stock Analysis

Technical stock analysis for Wed 26'th Jul 2017

Buy candidate since 2017-07-25 Gain 7.80%

Acasti Pharma gained 7.80% in the last trading day, rising from $1.28 to $1.38 The price has fallen in 4 of the last 10 days , but is still up by 6.14% over the past 2 weeks. Volume fell in the last day by -2 719 shares, and in total, 5 161 shares bought and sold for approximately $7 122. 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.

Trend

Given the current horizontal trend you can expect Acasti Pharma with 90% probability to be traded between $1.26 and $1.50 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals

Acasti Pharma 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 $1.30 and $1.30. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday July 25, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

A buy signal from a double bottom formation was found on Tuesday July 25, 2017 with a target of $1.36. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 60 and the stock is currently not being overbought or oversold

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $1.29 and $1.28. On the upside the stock meets some resistance from accumulated volume at $1.47.

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, Acasti Pharma finds support just below today's level at $1.29. If this is broken, then the next support from accumulated volume will be at $1.28 and $1.26.

Support: $1.29 Price: $1.3799 Resistance: $1.47
S: $1.29 Price: $1.3799 R: $1.47

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $1.33 (-3.51%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

Several short-term signals 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 period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Buy Candidate

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