Achaogen Stock Analysis
Technical stock analysis for 18 January 2019
Achaogen gained 1.55% in the last trading day, rising from $1.29 to $1.31 The price has fallen in 6 of the last 10 days and is down by -22.49% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 48 805 more shares were traded than the day before. In total, 574 292 shares bought and sold for approximately $752 322.00.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the AKAO stock was $1.31. This is 1.55% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 10.32% from a day low at $1.26 to a day high of $1.39.
30 day high of the AKAO stock price was $2.11 and low was $1.15.
90 day high was $4.54 and low was $1.14.
52 week high for the Achaogen - $15.00 and low - $1.14.
Achaogen 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 $1.56 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 -64.34% during the next 3 months and, with 90% probability hold a price between $-0.09 and $0.56 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday January 17, 2019, which indicates further gains until a new top pivot has been found. Achaogen has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $1.36 and $1.46. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
Achaogen finds support from accumulated volume at $1.30.
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 $0.13 between high and low, or 10.32%. For the last week, the stock has had a daily average volatility of 7.21%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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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.
|AKAO $1.31 $0.02(1.55%)|
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