Accuray Incorporated Stock Analysis
Technical stock analysis for 22 January 2019
Accuray Incorporated gained 2.58% in the last trading day, rising from $3.87 to $3.97 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 11.83% over the past 2 weeks. Volume fell in the last day by -280 829 shares, and in total, 785 748 shares bought and sold for approximately $3.12 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the ARAY stock was $3.97. This is 2.58% more than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 4.64% from a day low at $3.88 to a day high of $4.06.
30 day high of the ARAY stock price was $4.12 and low was $3.17.
90 day high was $5.30 and low was $3.17.
52 week high for the Accuray Incorporated - $6.15 and low - $3.17.
Accuray Incorporated 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 -15.48% during the next 3 months and, with 90% probability hold a price between $2.17 and $3.85 at the end of this period.
Only positive signals in the chart today. Accuray Incorporated 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 $3.92 and $3.72. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 17, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
The stock holds a RSI14 at 73 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $3.50 and $3.41.
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, Accuray Incorporated finds support just below today's level at $3.50. If this is broken, then the next support from accumulated volume will be at $3.41 and $3.39.
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 $0.18 between high and low, or 4.64%. For the last week, the stock has had a daily average volatility of 6.36%.
Our recommended stoploss: $3.79 (-4.63%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 73 and this increases the risk substantially. There is a buy signal from pivot bottom found 2 days ago.)
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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.
|ARAY $3.97 $0.10(2.58%)|
ARAY is up $0.10 today, but where's it headed in 2019?
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