Accelerate Diagnostics Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Accelerate Diagnostics stock price up 1.54% on Thursday
(Updated on Apr 25, 2024)
The Accelerate Diagnostics stock price gained 1.54% on the last trading day (Thursday, 25th Apr 2024), rising from $0.93 to $0.95. During the last trading day the stock fluctuated 6.97% from a day low at $0.89 to a day high of $0.95. The price has risen in 6 of the last 10 days and is up by 5.03% over the past 2 weeks. Volume fell on the last day by -844 shares and in total, 12 thousand shares were bought and sold for approximately $11.29 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.94, a level that may pose a second chance to hit a runner. According to fan-theory $1.25 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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AXDX Signals & Forecast
The Accelerate Diagnostics stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.87 and $0.94. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.495%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Accelerate Diagnostics stock
Accelerate Diagnostics finds support from accumulated volume at $0.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0619 between high and low, or 6.97%. For the last week the stock has had daily average volatility of 10.58%.
Our recommended stop-loss: $0.91 (-3.50%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (AXDX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Accelerate Diagnostics to open at $0.93, and during the day (based on 14 day Average True Range), to move between $0.86 and $1.03, which gives a possible trading interval of +/-$0.0834 (+/-8.82%) up or down from last closing price. If Accelerate Diagnostics takes out the full calculated possible swing range there will be an estimated 17.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.95 (0.50%) than the support at $0.94 (0.54%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Accelerate Diagnostics stock A Buy?
Accelerate Diagnostics holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.125 Hold/Accumulate Unchanged
Predicted Opening Price for Accelerate Diagnostics of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.93 ( 1.85%) | $0.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AXDX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.99 | 4.70 % | |
| R2 | 0.97 | 2.20 % | ||
| R1 | 0.95 | 0.650 % | ||
| Current price: | 0.95 | |||
| Support | S1 | 0.90 | -4.35 % | |
| S2 | 0.89 | -5.90 % | ||
| S3 | 0.87 | -8.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.18 | 24.83 % | |
| R2 | 1.10 | 16.37 % | ||
| R1 | 0.95 | 0.497 % | ||
| Current price | 0.95 | |||
| Support | S1 | 0.94 | -0.540% | |
| S2 | 0.89 | -5.90% | ||
| S3 | 0.737 | -22.09% |
FAQ
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