ACCURAY INC. - Daily - Technical analysis published on 09/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 3.60 USD
My targets
2.58 USD (-14.85%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ACCURAY INC.. As long as you are under the resistance located at 3.60 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 2.58 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. If the resistance 3.60 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
1.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ACCURAY INC. rating 3.03 USD. The price is lower by -0.33% since the last closing and was traded between 3.02 USD and 3.13 USD over the period. The price is currently at +0.33% from its lowest and -3.19% from its highest.3.02
3.13
3.03
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this ACCURAY INC. chart shows a bearish trend. The signals given by moving averages are 75% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 2.58 | 3.03 | 3.60 | 3.90 | 4.14 |
| Change (%) | -14.85% | - | +18.81% | +28.71% | +36.63% |
| Change | -0.45 | - | +0.57 | +0.87 | +1.11 |
| Level | Major | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.80 | 2.91 | 2.98 | 3.09 | 3.16 | 3.27 | 3.34 |
| Camarilla | 2.99 | 3.01 | 3.02 | 3.04 | 3.06 | 3.07 | 3.09 |
| Woodie | 2.77 | 2.90 | 2.95 | 3.08 | 3.13 | 3.26 | 3.31 |
| Fibonacci | 2.91 | 2.98 | 3.03 | 3.09 | 3.16 | 3.21 | 3.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.33 | 2.44 | 2.63 | 2.74 | 2.93 | 3.04 | 3.23 |
| Camarilla | 2.74 | 2.77 | 2.79 | 2.82 | 2.85 | 2.88 | 2.90 |
| Woodie | 2.37 | 2.46 | 2.67 | 2.76 | 2.97 | 3.06 | 3.27 |
| Fibonacci | 2.44 | 2.56 | 2.63 | 2.74 | 2.85 | 2.92 | 3.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.13 | 1.24 | 1.96 | 3.07 | 3.79 | 4.90 | 5.62 |
| Camarilla | 2.18 | 2.34 | 2.51 | 2.68 | 2.85 | 3.02 | 3.18 |
| Woodie | -0.07 | 1.14 | 1.77 | 2.97 | 3.60 | 4.80 | 5.43 |
| Fibonacci | 1.24 | 1.94 | 2.37 | 3.07 | 3.77 | 4.20 | 4.90 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.35 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | 2.09 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 2.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.63 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 2.61 | |
| Zig ZAG (10): | 3.03 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 75.93 | |
| TEMA (21): | 2.86 | |
| Williams %R (14): | -30.56 | |
| Chande Momentum Oscillator (20): | 0.45 | |
| Repulse (5,40,3): | -3.3700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.9100 | |
| Courbe Coppock: | 15.25 |
| MA7: | 2.96 | |
| MA20: | 2.78 | |
| MA50: | 3.36 | |
| MA100: | 3.64 | |
| MAexp7: | 2.96 | |
| MAexp20: | 2.95 | |
| MAexp50: | 3.24 | |
| MAexp100: | 3.55 | |
| Price / MA7: | +2.36% | |
| Price / MA20: | +8.99% | |
| Price / MA50: | -9.82% | |
| Price / MA100: | -16.76% | |
| Price / MAexp7: | +2.36% | |
| Price / MAexp20: | +2.71% | |
| Price / MAexp50: | -6.48% | |
| Price / MAexp100: | -14.65% |
News
The latest news and videos published on ACCURAY INC. at the time of the analysis were as follows:
- Accuray Appoints Healthcare Veteran James M. Hindman to Board of Directors
- Geisinger Medical Center is First in Pennsylvania to Treat Cancer Patients with Accuray Radixact® System
- Accuray to Set ASTRO 2019 in Motion with Patient-first Cancer Treatment Innovations
- Accuray to Host ASTRO Investor Meeting on September 16, 2019
- Froedtert & the Medical College of Wisconsin Cancer Network is First in the World to Treat Cancer Patient Using the Accuray Radixact® System with Synchrony® Motion Tracking and Correction Technology
This member declared not having a position on this financial instrument or a related financial instrument.
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