Bullish vs. Bearish (3 opinions)
Social Sentiment 0.04
IOTS Forecast and Technical Stock Analysis
Sell candidate since 2019-09-18 Gain 0.77% PDF
Adesto Technologies Corporation gained 1.78% in the last trading day ( Friday, 20th Sep 2019 ), rising from $8.97 to $9.13 During the day the stock fluctuated 6.02% from a day low at $8.64 to a day high of $9.16. The price has risen in 6 of the last 10 days , but is still down by -15.54% for this period. Volume fell in the last day by -2.27 million shares and in total, 1.96 million shares bought and sold for approximately $17.87 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the IOTS stock price was $11.45 and low was $8.64.
- 90 day high was $11.97 and low was $7.48.
- 52 week high for Adesto Technologies Corporation - $11.97 and low - $3.51.
Adesto Technologies Corporation lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $9.02 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 34.58% during the next 3 months and, with 90% probability hold a price between $12.14 and $16.08 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday September 19, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Adesto Technologies Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $10.18 and $10.04. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 38 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
Adesto Technologies Corporation finds support from accumulated volume at $9.06.
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 $0.52 between high and low, or 6.02%. For the last week, the stock has had a daily average volatility of 7.75%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
7.75 %Average volatility
Very Low Low Medium High Very High
The Adesto Technologies Corporation stock holds several negative signals and despite the positive trend we believe Adesto Technologies Corporation will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
|IOTS $9.13 ($0.16 1.78%)|
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