Accuray Incorporated Forecast and Stock Analysis
Technical ARAY stock analysis for Thursday May 23, 2019.
|Price to book||USD 7.26|
|Next Earnings Date||2019-08-18|
Accuray Incorporated gained 0.25% in the last trading day ( Thursday, 23rd May 2019 ), rising from $3.93 to $3.94 , and has now gained 4 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. During day the stock fluctuated 2.32% from a day low at $3.88 to a day high of $3.97. The price has fallen in 7 of the last 10 days and is down by -5.74% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 118 935 more shares were traded than the day before. In total, 665 490 shares bought and sold for approximately $2.62 million.
- 30 day high of the ARAY stock price was $4.62 and low was $3.78.
- 90 day high was $5.40 and low was $3.78.
- 52 week high for the Accuray Incorporated - $5.40 and low - $3.17.
Accuray Incorporated lies in the middle of a 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 -21.44% during the next 3 months and, with 90% probability hold a price between $2.76 and $3.25 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Accuray Incorporated holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $4.20. On a fall, the stock will find some support from the short-term average at $3.92. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 21 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Accuray Incorporated finds support from accumulated volume at $3.93.
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 $0.09 between high and low, or 2.32%. For the last week, the stock has had a daily average volatility of 2.81%.
Accuray Incorporated is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
2.81 %Average volatility
Very Low Low Medium High Very High
Accuray Incorporated holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|ARAY $3.94 ($0.01 0.25%)|
ARAY is up $0.01 today, but where's it headed in 2019?
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