Stronger Sell Today AKRX ranks #4903 as SELL CANDIDATE #4903 Weaker Sell

AKRX stock forecast Akorn

AKRX stock forecast

Friday December 13, 2019 Change -4.20% Price $3.54
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

AKRX Forecast and Technical Stock Analysis


Sell candidate since 2019-11-26 Loss -3.94% PDF

Akorn fell by -4.20% in the last day ( Friday, 13th Dec 2019 ) from $3.69 to $3.54 During the day the stock fluctuated 5.97% from a day low at $3.52 to a day high of $3.73. The price has risen in 6 of the last 10 days , but is still down by -3.15% for this period. Volume has increased in the last day by 0.97 million 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, 1.82 million shares bought and sold for approximately $6.45 million.

Quick summary:

  • 30 day high of the AKRX stock price was $4.29 and low was $3.52.
  • 90 day high was $5.40 and low was $3.52.
  • 52 week high for Akorn - $5.46 and low - $2.34.
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Trend

Akorn lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. A break down the bottom trend line at $3.37 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.11% during the next 3 months and, with 90% probability hold a price between $3.30 and $4.98 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Akorn 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 $3.68 and $4.16. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday December 06, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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A buy signal from a double bottom formation was found on Thursday December 05, 2019 and based on theory for this formation the price should go up by 0.33% to $3.98 within 4 trading days since signal was issued (Wednesday December 11, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 41 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

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: $3.54 Resistance: $3.83

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.21 (5.97%) between high and low. For the last week, the stock has had daily average volatility of 3.67%.

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

3.67 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

Akorn 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.

Stronger Sell Today AKRX ranks #4903 as SELL CANDIDATE #4903 Weaker Sell
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