A10 Networks Inc Stock Forecast
Red day on Thursday for A10 Networks Inc
(Updated on Apr 25, 2024)
The A10 Networks Inc stock price fell by -0.95% on the last day (Thursday, 25th Apr 2024) from $13.71 to $13.58. During the last trading day the stock fluctuated 1.49% from a day low at $13.39 to a day high of $13.59. The price has risen in 6 of the last 10 days but is still down by -0.29% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -188 thousand shares and in total, 347 thousand shares were bought and sold for approximately $4.71 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect A10 Networks Inc stock with a 90% probability to be traded between $12.93 and $15.09 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ATEN Signals & Forecast
The A10 Networks Inc 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 $13.22 and $13.56. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.95%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for A10 Networks Inc stock
A10 Networks Inc finds support from accumulated volume at $13.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.200 (1.49%) between high and low. For the last week, the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: $12.99 (-4.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ATEN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect A10 Networks Inc to open at $13.52, and during the day (based on 14 day Average True Range), to move between $13.24 and $13.92, which gives a possible trading interval of +/-$0.336 (+/-2.48%) up or down from last closing price. If A10 Networks Inc takes out the full calculated possible swing range there will be an estimated 4.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.64 (0.44%) than the support at $13.45 (0.96%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
A10 Networks Inc will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.150. We will update the financials statements for A10 Networks Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.30% in the first trading day after earnings release.
Is A10 Networks Inc stock A Buy?
A10 Networks Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.505 Hold/Accumulate Unchanged
Predicted Opening Price for A10 Networks Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $13.52 ( 0.442%) | $13.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATEN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.72 | 1.03 % | |
| R2 | 13.64 | 0.468 % | ||
| R1 | 13.60 | 0.121 % | ||
| Current price: | 13.58 | |||
| Support | S1 | 13.44 | -1.00 % | |
| S2 | 13.40 | -1.35 % | ||
| S3 | 13.32 | -1.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.85 | 9.35 % | |
| R2 | 14.66 | 7.95 % | ||
| R1 | 13.64 | 0.442 % | ||
| Current price | 13.58 | |||
| Support | S1 | 13.45 | -0.96% | |
| S2 | 13.27 | -2.28% | ||
| S3 | 13.04 | -3.98% |
ATEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Feb 15, 2024 | Mar 01, 2024 | $0.0600 | 0.440% |
| 2 | Nov 07, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.0600 | 0.474% |
| 3 | Jul 26, 2023 | Aug 14, 2023 | Sep 01, 2023 | $0.0600 | 0.393% |
| 4 | May 04, 2023 | May 12, 2023 | Jun 01, 2023 | $0.0600 | 0.410% |
| 5 | Feb 07, 2023 | Feb 16, 2023 | Mar 01, 2023 | $0.0600 | 0.397% |
FAQ
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