Bullish vs. Bearish (1 opinions)
Social Sentiment -0.63
AKER Forecast and Technical Stock Analysis
Hold candidate since 2019-09-20 PDF
Akers Biosciences Inc fell by -0.46% in the last day ( Friday, 20th Sep 2019 ) from $0.50 to $0.50 During the day the stock fluctuated 11.59% from a day low at $0.47 to a day high of $0.52. The price has risen in 6 of the last 10 days and is up by 11.87% over the past 2 weeks. Volume has increased in the last day by 171 567 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, 228 674 shares bought and sold for approximately $113 582.00.
- 30 day high of the AKER stock price was $0.53 and low was $0.41.
- 90 day high was $0.68 and low was $0.40.
- 52 week high for Akers Biosciences Inc - $3.20 and low - $0.24.
Akers Biosciences Inc is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Akers Biosciences Inc with a 90% probability to be traded between $0.42 and $0.55 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.
Akers Biosciences Inc 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 $0.48 and $0.45. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday September 19, 2019, which indicates further falls until a new bottom pivot has been found. Akers Biosciences Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 70 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
Akers Biosciences Inc finds support from accumulated volume at $0.50.
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 $0.05 between high and low, or 11.59%. For the last week, the stock has had a daily average volatility of 9.78%.
Our recommended stop-loss: $0.48 (-3.37%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 day(s) ago.)
9.78 %Average volatility
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Akers Biosciences Inc 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. 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 Hold/Accumulate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!