Bullish vs. Bearish (4 opinions)
Social Sentiment 0.00
AXDX Forecast and Technical Stock Analysis
Hold candidate since 2019-07-19
Accelerate Diagnostics fell by -0.64% in the last day ( Friday, 19th Jul 2019 ) from $18.79 to $18.67 and has now fallen 5 days in a row. During the day the stock fluctuated 2.76% from a day low at $18.46 to a day high of $18.97. The price has fallen in 9 of the last 10 days and is down by -20.45% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -57 120 shares and in total 117 688 shares bought and sold for approximately $2.20 million.
Quick summary:
- 30 day high of the AXDX stock price was $24.00 and low was $18.41.
- 90 day high was $24.00 and low was $17.75.
- 52 week high for Accelerate Diagnostics - $24.75 and low - $10.23.
Trend
Accelerate Diagnostics has broken the wide and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $19.80. A reaction back to this level may hold a second chance to get out before further falls.
Signals
There are few to none technical positive signals at the moment. Accelerate Diagnostics holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $19.04 and $20.47. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday July 03, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock currently holds a RSI14 at 20 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.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Accelerate Diagnostics finds support from accumulated volume at $18.28.
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 $0.51 between high and low, or 2.76%. For the last week, the stock has had a daily average volatility of 3.35%.
Accelerate Diagnostics is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $17.26 (-7.57%) (This stock has high daily movements and this gives high risk. Low RSI14 is 20 which reduces the risk some. There is a sell signal from pivot top found 11 day(s) ago.)
3.35 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation
Accelerate Diagnostics holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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