ATA Inc. stock price up 4.09% on Friday
(Updated on Oct 15, 2021)
Sell candidate since 2021-09-27 Loss -13.90% PDF
The ATA Inc. stock price gained 4.09% on the last trading day (Friday, 15th Oct 2021), rising from $12.97 to $13.50. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 3.85% from a day low at $13.00 to a day high of $13.50. The price has risen in 6 of the last 10 days, but is still down by -2.6% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 thousand more shares were traded than the day before. In total, 174 thousand shares were bought and sold for approximately $2.35 million.
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 -12.89% during the next 3 months and, with a 90% probability hold a price between $10.73 and $14.61 at the end of this 3-month period.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, October 12, 2021, and so far it has risen 8.61%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ATA Inc. 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 $15.20. On a fall, the stock will find some support from the short-term average at $12.85. 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).
Support, Risk & Stop-loss
ATA Inc. finds support from accumulated volume at $13.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.50 between high and low, or 3.85%. For the last week, the stock has had a daily average volatility of 4.49%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is ATA Inc. stock A Buy?
ATA Inc. 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: -1.093
Predicted Opening Price for ATA Inc. of Monday, October 18, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price October 18, 2021||Current price|
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