Atlantic Tele-Network Stock Forecast

Atlantic Tele-Network stock price up 2.81% on Friday
(Updated on May 03, 2024)

ATNI Signals & Forecast

There are mixed signals in the stock today. The Atlantic Tele-Network stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $27.39. On a fall, the stock will find some support from the short-term average at $20.07. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 13.31%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Atlantic Tele-Network stock

On the downside, the stock finds support just below today's level from accumulated volume at $19.52 and $19.30. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Atlantic Tele-Network finds support just below today's level at $19.52. If this is broken, then the next support from accumulated volume will be at $19.30 and $19.08.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.85 between high and low, or 4.05%. For the last week, the stock has had daily average volatility of 5.98%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ATNI) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Atlantic Tele-Network to open at $21.39, and during the day (based on 14 day Average True Range), to move between $20.06 and $23.18, which gives a possible trading interval of +/-$1.56 (+/-7.19%) up or down from last closing price. If Atlantic Tele-Network takes out the full calculated possible swing range there will be an estimated 14.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $19.52 (9.71%) than the resistance at $26.90 (24.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Atlantic Tele-Network stock A Buy?

Atlantic Tele-Network holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.987 Sell Candidate Unchanged

Predicted Opening Price for Atlantic Tele-Network of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.