Previous Hold Today AKRX ranks #1440 as HOLD CANDIDATE #1440 Next Hold

AKRX stock forecast Akorn

AKRX stock forecast

Tuesday September 17, 2019 Change -3.13% Price $3.71

Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, which purpose is to provide a relative definition of high and low. This defintion is used to identify buy and sell signals and have proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. Get-A-Graph uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bottlenecks in bandwidth indicates a upcoming change. Break up through the moving average line, or continuously movements above the moving average line indicates a break up, and vice versa downwards.

Source: http://www.bollingerbands.com

AKRX Forecast and Technical Stock Analysis


Hold candidate since 2019-09-16 Loss -3.13% PDF

Akorn fell by -3.13% in the last day ( Tuesday, 17th Sep 2019 ) from $3.83 to $3.71 During the day the stock fluctuated 7.30% from a day low at $3.56 to a day high of $3.82. The price has risen in 5 of the last 10 days and is up by 35.4% over the past 2 weeks. Volume has increased in the last day by 0.96 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, 2.80 million shares bought and sold for approximately $10.39 million.

Quick summary:

  • 30 day high of the AKRX stock price was $3.92 and low was $2.49.
  • 90 day high was $5.46 and low was $2.34.
  • 52 week high for Akorn - $13.70 and low - $2.34.
Top Trending Stocks

Trend

Akorn 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 $3.79 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 -38.29% during the next 3 months and, with 90% probability hold a price between $1.07 and $2.34 at the end of this period.

Top Golden Star Stocks

Signals

Akorn 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 $3.51 and $3.06. 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 Monday September 16, 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 72 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

Akorn finds support from accumulated volume at $3.64.

Support: $3.64 Price: $3.71 Resistance: $3.72

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 $0.26 between high and low, or 7.30%. For the last week, the stock has had a daily average volatility of 11.31%.

Our recommended stop-loss: $3.51 (-5.29%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 day(s) ago.)

11.31 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

Akorn 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.

Previous Hold Today AKRX ranks #1440 as HOLD CANDIDATE #1440 Next Hold
Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU

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!

Get access to Golden Star list now!
Trading With Moving Average
As an investor, you always seek to understand what other... Full Article
Pivot Points
Pivot Points refer to points of significant change. As a... Full Article
Accumulated Volume - Support and Resistance
Volume is perhaps the best indicator of all and should... Full Article
Volume - The Indicator You Really Need to Know
Many new traders getting into the world of technical analysis... Full Article
We Give Back!
In 2016 StockInvest.us donated to NGO Goodwill projects to help purchase medical... Full Article
Better Buy: Amazon vs. Facebook
Amazon's stock slipped 21% over the past six months, as... Full Article

Proudly made at

ROCKIT