Stronger technical forecast for Atlanticus Holdings Corporation stock price after Monday trading.
(Updated on Nov 29, 2021)
Hold candidate since 2021-11-29 PDF
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|
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On Nov 29, 2021 "JMP Securities" gave "" rating for ATLC. The price target was set to $64.25+2.4%.
ATLC Insider Trading
|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|
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