Axcelis Technologies, Inc. Overbought in Morning Session

Axcelis Technologies, Inc.

As of morning trading, Axcelis Technologies, Inc. (NASDAQ:$ACLS)’s current distance from 20-Day Simple Moving Average is 17.05%, standing 36.66% away from 50-Day Simple Moving Average while trading up 62.06% from the 200-Day Simple Moving Average.

In other words, Axcelis stock price is growing 1.38% to $33.10. ACLS recently exchanged 0.79 million shares in recent sessions versus the average volume of 0.51. Analysts show a mean recommendation of 2.20 on the stock.

Currently, the company holds 320.71 million outstanding shares, while institutional owners hold 77.20% stake, and insider ownership 2.30%. The stock sees a beta value of 1.06, and sustained an ROA at 9.30%.

In the bigger picture of this year, Axcelis stock has been increasing by 127.49%, adding on top a positive flow of 7.99% this past week. The 14-day Relative Strength Index of 88.95 reveals that Axcelis is currently overbought. To elaborate, the RSI is a form of measurement to indicate overbought and oversold levels. When RSI moves above 70, it is overbought and could lead to a downward move. On the other hand, when RSI moves below 3o, it is oversold and could lead to an upward move.

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About the author: Jennifer is a University of Western Ontario graduate with a degree in International Business. She strives to excel as a content creator in the digital sphere, working with clients in the Finance and Tech industry to leverage clickable taglines, images, and articles in driving traffic. When not writing, Jennifer enjoys photography, copywriting, and video production.