VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

AKER Forecast and Technical Stock Analysis

Sell candidate since 2019-07-16 Loss -10.50%

Akers Biosciences Inc fell by -7.22% in the last day ( Friday, 19th Jul 2019 ) from $0.45 to $0.42 During day the stock fluctuated 9.88% from a day low at $0.42 to a day high of $0.46. The price has fallen in 6 of the last 10 days and is down by -3.42% for this period. Volume has increased in the last day by 88 609 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, 126 053 shares bought and sold for approximately $52 942.30.

Quick summary:

  • 30 day high of the AKER stock price was $0.60 and low was $0.40.
  • 90 day high was $0.91 and low was $0.40.
  • 52 week high for the Akers Biosciences Inc - $3.20 and low - $0.20.
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Trend

Akers Biosciences Inc 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 $0.44 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 -50.72% during the next 3 months and, with 90% probability hold a price between $0.13 and $0.22 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Akers Biosciences Inc 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 $0.45 and $0.50. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday July 15, 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". The very low volume increases the risk and reduces the other technical signals issued.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 43 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 behavior.

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Price: $0.42 Resistance: $0.43

Risk

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 $0.04 between high and low, or 9.88%. For the last week, the stock has had a daily average volatility of 9.20%.

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

9.20 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

Akers Biosciences Inc 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.

Will AKER stock price go up or down on Mon, 22 Jul 2019?

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