Social Sentiment for IOTS
Bullish vs. Bearish opinions
Weighted Sentiment -0.80
Adesto Technologies Corporation Forecast and Stock Analysis
Technical IOTS stock analysis for Thursday May 23, 2019.
|Price to book||USD 3.94|
|Next Earnings Date||2019-08-04|
Adesto Technologies Corporation fell by -0.92% in the last day ( Thursday, 23rd May 2019 ) from $7.61 to $7.54 During day the stock fluctuated 3.71% from a day low at $7.28 to a day high of $7.55. The price has risen in 6 of the last 10 days and is up by 1.62% 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 -64 431 shares and in total 181 225 shares bought and sold for approximately $1.37 million.
- 30 day high of the IOTS stock price was $8.01 and low was $6.12.
- 90 day high was $8.01 and low was $5.45.
- 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 19.99% during the next 3 months and, with 90% probability hold a price between $7.76 and $9.58 at the end of this period.
Adesto Technologies Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $7.40 and $6.73. A break down below any of these levels will issue sell signals. 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 May 22, 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 63 and the stock is currently not being overbought or oversold
Support & Resistance
Adesto Technologies Corporation finds support from accumulated volume at $7.53.
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 $0.27 between high and low, or 3.71%. For the last week the stock has had a daily average volatility of 5.69%.
Our recommended stoploss: $7.15 (-5.11%) (This stock has high daily movements and this gives high risk. There is a sell signal from pivot top found 1 days ago.)
5.69 %Average volatility
Very Low Low Medium High Very High
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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.
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|IOTS $7.54 ($-0.07 -0.92%)|
IOTS is down $0.07 today, but where's it headed in 2019?
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