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$10.82 (2.37%)

Volume: 2M

Closed: Nov 29, 2021

Hollow Logo Score: -1.646

Alphatec Holdings Stock Forecast

$10.82 (2.37%)

Volume: 2M

Closed: Nov 29, 2021

Score Hollow Logo -1.646
Which way will ATEC go? Request
Key Stats
P/E Ratio -8.21
Beta 1.45
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 31 and the stock is currently not being overbought or oversold

High volatility in Alphatec Holdings stock price on Monday which ended trading at $10.82
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-18 Loss -4.67%

The Alphatec Holdings stock price gained 2.37% on the last trading day (Monday, 29th Nov 2021), rising from $10.57 to $10.82. During the day the stock fluctuated 13.59% from a day low at $10.52 to a day high of $11.95. The price has fallen in 6 of the last 10 days and is down by -6.72% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 967 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $22.69 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.52 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -21.66% during the next 3 months and, with a 90% probability hold a price between $8.24 and $9.64 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, November 26, 2021, and so far it has risen 2.37%. 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 Alphatec Holdings stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $11.08 and $11.91. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Alphatec Holdings finds support from accumulated volume at $10.57 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 $1.43 between high and low, or 13.59%. For the last week, the stock has had a daily average volatility of 7.17%.

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

Is Alphatec Holdings stock A Buy?

Alphatec Holdings holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -1.646

Predicted Opening Price for Alphatec Holdings of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$11.10 $10.82 (Undervalued)
Sell Candidate Upgraded

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Analyst Ratings

On Nov 05, 2021 "Needham & Company LLC" gave "$18.00 - $15.00" rating for ATEC. The price target was set to $12.99+2.4%.

Volatility and Risk
Daily Average Volatility: 7.17 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.17 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $11.26
Price: $10.82
Support: $10.57

ATEC Insider Trading Show all Trades

INSIDER POWER

3.997

Last 100 transactions
Buy: 12 496 643 | Sell: 3 126 819 (Shares)
Date Action Amount Person Type
Nov 24, 2021 Buy 100 000 Segal Paul Common Stock
Nov 23, 2021 Buy 67 496 Segal Paul Common Stock
Nov 23, 2021 Buy 5 000 Hochberg Jason Common Stock
Nov 16, 2021 Sell 14 254 Mowry David H Common Stock
Nov 12, 2021 Sell 9 847 Sponsel David Common Stock
Show all Insider Trades
INSIDER POWER

3.997

Last 100 transactions
Buy: 12 496 643 | Sell: 3 126 819 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 12.53 15.77 %
11.98 10.72 %
11.64 7.61 %
Current price: 10.82
Support 10.55 -2.49 %
10.21 -5.61 %
9.67 -10.66 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 12.25 13.22 %
11.46 5.91 %
11.26 4.07 %
Current price 10.82
Support 10.57 -2.31%
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About Alphatec Holdings

Alphatec Holdings Alphatec Holdings, Inc., a medical technology company, focuses on the design, development, manufacture, and marketing of products for the surgical treatment of spine disorders. Its product portfolio and pipeline addresses the cervical, thoracolumbar, and intervertebral regions of the spine, as well as covers various spinal disorders and surgical procedures. The company offers cervical and cervico-thoracic products, including Trestle Luxe Anterior... Read more

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