Adesto Technologies Corporation Stock Analysis
Technical stock analysis for 18 January 2019
Adesto Technologies Corporation gained 1.62% in the last trading day, rising from $4.95 to $5.03 The price has been going up and down for this period, and there has been a 3.71% gain for the last 2 weeks. Volume fell in the last day by -36 693 shares, and in total, 202 453 shares bought and sold for approximately $1.02 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.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the IOTS stock was $5.03. This is 1.62% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 4.51% from a day low at $4.88 to a day high of $5.10.
30 day high of the IOTS stock price was $5.58 and low was $4.10.
90 day high was $5.58 and low was $3.51.
52 week high for the Adesto Technologies Corporation - $10.80 and low - $3.51.
Adesto Technologies Corporation lies in the middle of a very 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 12.82% during the next 3 months and, with 90% probability hold a price between $4.67 and $6.55 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 $5.11. On a fall, the stock will find some support from the long-term average at approximately $4.85. 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. A buy signal was issued from a pivot bottom point on Thursday January 17, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 also not.
Relative Strength Index (RSI)
RSI14 is 68 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $4.40 and $4.24.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Adesto Technologies Corporation finds support just below today's level at $4.40. If this is broken, then the next support from accumulated volume will be at $4.24 and $3.78.
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 $0.22 between high and low, or 4.51%. For the last week the stock has had a daily average volatility of 3.51%.
Our recommended stoploss: $4.76 (-5.46%) (This stock has high daily movements and this gives high risk. There is a buy signal from pivot bottom found 1 days ago.)
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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|IOTS $5.03 $0.08(1.62%)|
IOTS is up $0.08 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for IOTS based on the 1-3 month system that more than doubles the S&P 500.
Click here – the IOTS analysis is free »