Should You Buy Acurx Pharmaceuticals Inc (ACXP) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
ACXP is not a good buy right now for a beginner long-term investor with $50k–$100k who wants action without waiting. The stock is in a bearish technical structure (SMA200 > SMA20 > SMA5), has no meaningful revenue, and losses/EPS deterioration continued in the latest quarter. With no supportive news flow and illiquid options, the risk/reward is unfavorable today—so the correct move is to avoid initiating and to sell/exit if already holding.
Technical Analysis
Price is ~2.68–2.70 pre-market, sitting near the pivot (2.695). Trend structure is bearish: SMA_200 > SMA_20 > SMA_5, indicating the longer-term downtrend is still intact. Momentum is mixed: MACD histogram is positive (0.0484) but contracting, suggesting a weakening bounce rather than a strong new uptrend. RSI(6) at 42.38 is neutral-to-soft, not signaling an oversold rebound. Key levels: support S1=2.55 (then S2=2.46); resistance R1=2.84 (then R2=2.93). From a setup perspective, upside requires reclaiming and holding above ~2.84; downside risk increases if 2.55 breaks.