Acacia Research Corporation Forecast and Stock Analysis
Technical ACTG stock analysis for March 22, 2019.
Acacia Research Corporation fell by -0.63% in the last day from $3.16 to $3.14 The price has risen in 6 of the last 10 days and is up by 3.29% over the past 2 weeks. Volume has increased in the last day by 461 079 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, 561 684 shares bought and sold for approximately $1.76 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the ACTG stock was $3.14. This is 0.63% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 2.57% from a day low at $3.11 to a day high of $3.19.
30 day high of the ACTG stock price was $3.24 and low was $2.94.
90 day high was $3.24 and low was $2.79.
52 week high for the Acacia Research Corporation - $4.40 and low - $2.75.
Acacia Research Corporation lies in the middle of a 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 3.82% during the next 3 months and, with 90% probability hold a price between $3.13 and $3.37 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 Thursday March 21, 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 Research Corporation holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $3.10 and $3.11. A break down below any of these levels will issue sell signals.
* 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.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
Acacia Research Corporation finds support from accumulated volume at $3.05.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.08 (2.57%) between high and low. For the last week, the stock has had a daily average volatility of 2.40%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Acacia Research Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.