Needle moving action has been spotted in Acacia Communications Inc (ACIA) as shares are moving today on volatility 1.45% or 0.70 from the open. The NASDAQ listed company saw a recent bid of 48.81 and 191486 shares have traded hands in the session.
Investors may be combing through all the latest earnings reports and trying to make sense of all the numbers. With lots of information readily available, investors may be searching for that next batch of stocks to add to the portfolio. Finding high quality stocks may be at the top of the investor’s checklist. Once high quality stocks are spotted, the investor may be then looking for bargains among those stocks. Many investors will look for stocks that have displayed consistent earnings growth over an extended period of time. When a company drastically over performs for a quarter, investors may be quick to investigate. The same things may be done if a company severely underperforms compared to projections.
Digging deeping into the Acacia Communications Inc (ACIA) ‘s technical indicators, we note that the Williams Percent Range or 14 day Williams %R currently sits at -15.21. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.
Acacia Communications Inc (ACIA) currently has a 14-day Commodity Channel Index (CCI) of 75.86. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
Currently, the 14-day ADX for Acacia Communications Inc (ACIA) is sitting at 22.07. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI for Acacia Communications Inc is currently at 61.10, the 7-day stands at 64.83, and the 3-day is sitting at 62.18.
Market corrections can happen at any time. Often times, these corrections can bring along ominous forecasts from the investing community. With the market still chugging along, it is important to remember that market corrections can be quite normal in bull market runs. Investors may take these opportunities to scoop up some favorites at cheaper prices. As we get closer to the next round of company earnings releases, all eyes will be watching to see how companies have performed over the past quarter. Investors may want to take a look at sell-side analyst revisions in the weeks and days leading up to the report. Investors and analysts will both be intently watching to see if the company can hit and exceed expectations.
