Adesto Technologies Corporation Forecast and Stock Analysis
Technical IOTS stock analysis for March 18, 2019.
Adesto Technologies Corporation fell by -1.71% in the last day from $6.42 to $6.31 The price has risen in 6 of the last 10 days and is up by 3.61% over the past 2 weeks. 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 -80 464 shares and in total 99 696 shares bought and sold for approximately $629 082.00.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the IOTS stock was $6.31. This is 1.71% less than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 4.02% from a day low at $6.22 to a day high of $6.47.
30 day high of the IOTS stock price was $6.70 and low was $5.38.
90 day high was $6.70 and low was $4.10.
52 week high for the Adesto Technologies Corporation - $10.80 and low - $3.51.
Adesto Technologies Corporation lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 39.96% during the next 3 months and, with 90% probability hold a price between $8.30 and $9.74 at the end of this period.
Adesto Technologies Corporation holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $6.37. On a fall, the stock will find some support from the long-term average at approximately $5.70. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday March 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
Adesto Technologies Corporation finds support from accumulated volume at $6.04.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.25 between high and low, or 4.02%. For the last week the stock has had a daily average volatility of 4.12%.
Our recommended stoploss: $5.93 (-5.95%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 3 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.