IOTS Forecast and Technical Stock Analysis
Sell candidate since 2019-12-13 PDF
Adesto Technologies Corporation fell by -1.90% in the last day ( Friday, 13th Dec 2019 ) from $7.37 to $7.23 During the day the stock fluctuated 5.31% from a day low at $7.15 to a day high of $7.53. The price has fallen in 6 of the last 10 days , but is still up by 0.42% 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 -97 140 shares and in total 206 717 shares bought and sold for approximately $1.49 million.
- 30 day high of the IOTS stock price was $7.64 and low was $6.68.
- 90 day high was $11.42 and low was $6.68.
- 52 week high for Adesto Technologies Corporation - $11.97 and low - $4.10.
Adesto Technologies Corporation lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.60% during the next 3 months and, with 90% probability hold a price between $4.62 and $6.40 at the end of this period.
There are few to none technical positive signals at the moment. Adesto Technologies Corporation 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 $7.31 and $7.65. 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. 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 53 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 $7.20.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
3.90 %Average volatility
Very Low Low Medium High Very High
Adesto Technologies Corporation holds several negative signals and is within a very 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.
|IOTS $7.23 ($-0.14 -1.90%)|
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