Stronger Sell Today AKAO ranks #4792 as SELL CANDIDATE. Weaker Sell
Today AKAO ranks #4792 as SELL CANDIDATE.

AKAO stock Achaogen

AKAO stock
Achaogen

March 22, 2019
Change -6.39%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will AKAO stock price go up or down on Mon, 25 Mar 2019?

Achaogen Forecast and Stock Analysis

Technical AKAO stock analysis for March 22, 2019.

Sell candidate since 2019-02-14 Loss -63.38%
Shorts n/a
Cash n/a
Loans n/a
Beta 0.86
ROA -107.13

Achaogen fell by -6.39% in the last day from $0.56 to $0.52 The price has fallen in 7 of the last 10 days and is down by -20% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.56 million shares and in total 1.63 million shares bought and sold for approximately $849 020.00.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the AKAO stock was $0.52. This is 6.39% less than the trading day before Thursday, 21st Mar 2019.

During day the stock fluctuated 7.25% from a day low at $0.52 to a day high of $0.56.

30 day high of the AKAO stock price was $0.91 and low was $0.51.
90 day high was $2.11 and low was $0.51.
52 week high for the Achaogen - $15.00 and low - $0.51.

Trend

Achaogen lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -47.53% during the next 3 months and, with 90% probability hold a price between $0.13 and $0.60 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Achaogen holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $0.54 and $0.91. A break-up above any of these levels will issue buy signals. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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Relative Strength Index (RSI)

The stock currently holds a RSI14 at 21 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Achaogen finds support from accumulated volume at $0.51.

Support: $0.51 Price: $0.52 Resistance: $0.52

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.04 between high and low, or 7.25%. For the last week the stock has had a daily average volatility of 9.30%.

Achaogen is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Sell Candidate

Achaogen holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell Candidate to a Strong Sell Candidate.

Stronger Sell Today AKAO ranks #4792 as SELL CANDIDATE. Weaker Sell
Today AKAO ranks #4792 as SELL CANDIDATE.