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Atlanticus Holdings Corporation Stock Forecast NASDAQ:ATLC

$62.56 (-0.27%)

Volume: 103k

Closed: Nov 29, 2021

Hollow Logo Score: -0.802

Atlanticus Holdings Corporation Stock Forecast

$62.56 (-0.27%)

Volume: 103k

Closed: Nov 29, 2021

Score Hollow Logo -0.802
Which way will ATLC go? Request
Stop-loss: $59.31 (-5.20%)
Key Stats
P/E Ratio 7.06
Beta 1.72
* 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 25 and the stock is currently not being overbought or oversold

Stronger technical forecast for Atlanticus Holdings Corporation stock price after Monday trading.
(Updated on Nov 29, 2021)


Hold candidate since 2021-11-29

The Atlanticus Holdings Corporation stock price fell by -0.27% on the last day (Monday, 29th Nov 2021) from $62.73 to $62.56. and has now fallen 8 days in a row. During the day the stock fluctuated 9.55% from a day low at $62.28 to a day high of $68.23. The price has fallen in 9 of the last 10 days and is down by -20.23% for this period. Volume has increased on the last day by 58 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 103 thousand shares were bought and sold for approximately $6.45 million.

Given the current short-term trend, the stock is expected to rise 39.2% during the next 3 months and, with a 90% probability hold a price between $87.08 and $131.58 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Atlanticus Holdings Corporation 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 $65.75 and $71.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 03, 2021, and so far it has fallen -28.37%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Atlanticus Holdings Corporation finds support from accumulated volume at $60.49 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 $5.95 between high and low, or 9.55%. For the last week, the stock has had a daily average volatility of 6.08%.

Our recommended stop-loss: $59.31 (-5.20%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 17 days ago.)

Is Atlanticus Holdings Corporation stock A Buy?

Atlanticus Holdings Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.802

Predicted Opening Price for Atlanticus Holdings Corporation 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
$64.36 $62.56 (Undervalued)
Hold/Accumulate Upgraded

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Analyst Ratings

On Nov 29, 2021 "JMP Securities" gave "" rating for ATLC. The price target was set to $64.25+2.4%.

Volatility and Risk
Daily Average Volatility: 6.08 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.08 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $64.20
Price: $62.56
Support: $60.49

ATLC Insider Trading Show all Trades

INSIDER POWER

1.689

Last 100 transactions
Buy: 2 267 000 | Sell: 1 342 446 (Shares)
Date Action Amount Person Type
Nov 24, 2021 Sell 14 720 Rosencrants Thomas G Common Stock
Nov 19, 2021 Sell 280 Rosencrants Thomas G Common Stock
Nov 12, 2021 Sell 43 438 Howard Jeffrey A. Common Stock
Oct 12, 2021 Sell 5 716 Mattingly Mack F Common Stock
Oct 11, 2021 Sell 400 Mattingly Mack F Common Stock
Show all Insider Trades
INSIDER POWER

1.689

Last 100 transactions
Buy: 2 267 000 | Sell: 1 342 446 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 70.31 12.38 %
68.03 8.75 %
66.63 6.51 %
Current price: 62.56
Support 62.08 -0.76 %
60.68 -3.01 %
58.41 -6.64 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 77.49 23.87 %
69.30 10.77 %
64.20 2.62 %
Current price 62.56
Support 60.49 -3.31%
53.06 -15.19%
49.30 -21.20%

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About Atlanticus Holdings Corporation

Atlanticus Holdings Atlanticus Holdings Corporation provides credit and related financial services and products to financially underserved consumer credit market in the United States. It operates in two segments, Credit and Other Investments, and Auto Finance. The Credit and Other Investments segment originates a range of consumer loan products, such as Fortiva retail credit, Fortiva personal loans, and Fortiva credit cards through various channels, including retail... Read more

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