Akers Biosciences Inc Forecast and Stock Analysis
Technical AKER stock analysis for March 22, 2019.
Akers Biosciences Inc fell by -2.70% in the last day from $1.11 to $1.08 The price has fallen in 6 of the last 10 days , but is still up by 1.89% over the past 2 weeks. Volume has increased in the last day by 121 108 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, 407 417 shares bought and sold for approximately $440 010.00.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the AKER stock was $1.08. This is 2.7% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 8.57% from a day low at $1.05 to a day high of $1.14.
30 day high of the AKER stock price was $1.26 and low was $0.85.
90 day high was $1.54 and low was $0.57.
52 week high for the Akers Biosciences Inc - $3.20 and low - $0.20.
Akers Biosciences Inc 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 -15.59% during the next 3 months and, with 90% probability hold a price between $0.66 and $1.09 at the end of this period.
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 $1.07 and $1.01. 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 March 21, 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-off's".
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
Akers Biosciences Inc finds support from accumulated volume at $1.06.
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 $0.09 between high and low, or 8.57%. For the last week, the stock has had a daily average volatility of 9.40%.
Our recommended stoploss: $1.03 (-4.70%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, 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.