VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

AKRX Forecast and Technical Stock Analysis

Sell candidate since 2019-07-12 Loss -13.71%

Akorn fell by -0.78% in the last day ( Friday, 19th Jul 2019 ) from $3.87 to $3.84 and has now fallen 9 days in a row. During day the stock fluctuated 5.31% from a day low at $3.77 to a day high of $3.97. The price has fallen in 9 of the last 10 days and is down by -24.26% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -406 153 shares and in total 819 327 shares bought and sold for approximately $3.15 million.

Quick summary:

  • 30 day high of the AKRX stock price was $5.46 and low was $3.77.
  • 90 day high was $5.46 and low was $2.64.
  • 52 week high for the Akorn - $19.65 and low - $2.64.
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Trend

Akorn has broken the very wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $4.21. A reaction back to this level may hold a second chance to get out before further falls.

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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 $4.20 and $4.54. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday July 03, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 7 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $3.55 and $2.99.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Akorn finds support just below today's level at $3.55. If this is broken, then the next support from accumulated volume will be at $2.99 and $2.98.

Support: $3.55 Price: $3.84 Resistance: $4.09

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 $0.20 between high and low, or 5.31%. For the last week, the stock has had a daily average volatility of 5.65%.

Akorn is oversold on RSI14 (7). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buying opportunity.

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

5.65 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

The Akorn stock holds several negative signals and despite the positive trend we believe Akorn will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Stronger Sell Today AKRX ranks #3025 as SELL CANDIDATE #3025 Weaker Sell

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

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