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.
- 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.
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.
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".
* 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.
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.
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
Very Low Low Medium High Very High
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.
|ARAY $2.81 ($-0.03 -1.06%)|
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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.
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!