Acceleron Pharma Inc. Forecast and Stock Analysis
Technical XLRN stock analysis for Wednesday May 22, 2019.
|Price to book||USD 4.23|
|Next Earnings Date||2019-08-04|
Acceleron Pharma Inc. gained 0.82% in the last trading day ( Wednesday, 22nd May 2019 ), rising from $42.90 to $43.25 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 3.88% from a day low at $41.74 to a day high of $43.36. The price has fallen in 5 of the last 10 days , but is still up by 5.38% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 3 828 more shares were traded than the day before. In total, 269 312 shares bought and sold for approximately $11.65 million.
- 30 day high of the XLRN stock price was $43.36 and low was $39.24.
- 90 day high was $48.11 and low was $38.65.
- 52 week high for the Acceleron Pharma Inc. - $59.59 and low - $32.53.
Acceleron Pharma Inc. lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $43.70 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.69% during the next 3 months and, with 90% probability hold a price between $33.12 and $38.59 at the end of this period.
Only positive signals in the chart today. Acceleron Pharma Inc. holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $41.94 and $42.15. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 65 and the stock is currently not being overbought or oversold
Support & Resistance
Acceleron Pharma Inc. finds support from accumulated volume at $42.29.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.62 (3.88%) between high and low. For the last week, the stock has had a daily average volatility of 3.31%.
Our recommended stoploss: $41.54 (-3.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
3.31 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, 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.
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|XLRN $43.25 ($0.35 0.82%)|
XLRN is up $0.35 today, but where's it headed in 2019?
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