Stronger Sell Today ARAY ranks #4959 as SELL CANDIDATE #4959 Weaker Sell

ARAY stock forecast Accuray Incorporated

ARAY stock forecast

Friday December 13, 2019 Change -1.06% Price $2.81
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VOLUME
Buy
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

ARAY Forecast and Technical Stock Analysis


Sell candidate since 2019-12-13 PDF

Accuray Incorporated fell by -1.06% in the last day ( Friday, 13th Dec 2019 ) from $2.84 to $2.81 During the day the stock fluctuated 3.42% from a day low at $2.78 to a day high of $2.87. The price has fallen in 6 of the last 10 days and is down by -8.77% for this period. Volume has increased in the last day by 94 919 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, 383 551 shares bought and sold for approximately $1.08 million.

Quick summary:

  • 30 day high of the ARAY stock price was $3.14 and low was $2.65.
  • 90 day high was $3.18 and low was $2.46.
  • 52 week high for Accuray Incorporated - $5.40 and low - $2.35.
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Trend

Accuray Incorporated is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Accuray Incorporated with a 90% probability to be traded between $2.52 and $3.06 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

There are few to none technical positive signals at the moment. Accuray Incorporated holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $2.83 and $2.81. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday December 12, 2019, which indicates further falls until a new bottom pivot has been found. Accuray Incorporated gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

The stock had a Golden Star Signal* on Monday November 04, 2019 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
1.8115942028986

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 49 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

Accuray Incorporated finds support from accumulated volume at $2.80.

Support: $2.80 Price: $2.81 Resistance: $2.89

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 $0.10 (3.42%) between high and low. For the last week, the stock has had daily average volatility of 3.29%.

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

3.29 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

Accuray Incorporated holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate candidate.

Stronger Sell Today ARAY ranks #4959 as SELL CANDIDATE #4959 Weaker Sell
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Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

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