Allot Communications Ltd. Stock Forecast
Big movements in Allot Communications Ltd. stock price on Friday moving 13.17% between high and low
(Updated on May 26, 2023)
The Allot Communications Ltd. stock price gained 10.00% on the last trading day (Friday, 26th May 2023), rising from $2.50 to $2.75. During the last trading day the stock fluctuated 13.17% from a day low at $2.43 to a day high of $2.75. The price has fallen in 6 of the last 10 days but is still up by 2.23% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 119 thousand more shares were traded than the day before. In total, 138 thousand shares were bought and sold for approximately $380.85 thousand.
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The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.72% during the next 3 months and, with a 90% probability hold a price between $2.38 and $3.14 at the end of this 3-month period.
ALLT Signals & Forecast
The Allot Communications Ltd. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.60 and $2.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 25, 2023, and so far it has risen 10.00%. Further rise is indicated until a new top pivot has been found. Allot Communications Ltd. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Allot Communications Ltd. stock
Allot Communications Ltd. finds support from accumulated volume at $2.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.320 between high and low, or 13.17%. For the last week, the stock has had daily average volatility of 5.60%.
Our recommended stop-loss: $2.64 (-4.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (ALLT) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Allot Communications Ltd. to open at $2.64, and during the day (based on 14 day Average True Range), to move between $2.61 and $2.89, which gives a possible trading interval of +/-$0.142 (+/-5.18%) up or down from last closing price. If Allot Communications Ltd. takes out the full calculated possible swing range there will be an estimated 10.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.71 (1.45%) than the resistance at $2.81 (2.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Allot Communications Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.723 Open Broker Account
Buy Candidate UpgradedPredicted Opening Price for Allot Communications Ltd. of Tuesday, May 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price May 30, 2023 | Current price |
|---|---|
| $2.64 | $2.75 (Overvalued) |
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Trading levels for ALLT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.96 | 7.76 % | |
| R2 | 2.84 | 3.31 % | ||
| R1 | 2.77 | 0.566 % | ||
| Current price: | 2.75 | |||
| Support | S1 | 2.52 | -8.32 % | |
| S2 | 2.45 | -11.07 % | ||
| S3 | 2.32 | -15.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.00 | 9.09 % | |
| R2 | 2.90 | 5.45 % | ||
| R1 | 2.81 | 2.18 % | ||
| Current price | 2.75 | |||
| Support | S1 | 2.71 | -1.45% | |
| S2 | 2.70 | -1.82% | ||
| S3 | 2.69 | -2.18% |
FAQ
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About Allot Communications Ltd.
Allot Ltd. provides network intelligence and security solutions to protect and personalize the digital experience in Europe, Asia, Oceania, the Middle East, Africa, and the Americas. The company offers Allot Secure Management platform that includes Allot NetworkSecure, Allot HomeSecure, Allot DNSecure, EndPoint Secure, Allot BusinessSecure, Allot IoTSecure, and Allot Secure Cloud. It also provides Allot DDoS Secure/5G Protect, a solution that off... ALLT Profile
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