Atlanticus Holdings Corporation Stock Forecast

Red day on Wednesday for Atlanticus Holdings Corporation stock after losing 0%
(Updated on Jun 26, 2024)

ATLCP Signals & Forecast

The Atlanticus Holdings Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $22.97 and $22.59. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Friday, June 21, 2024, and so far it has fallen -0.301%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, November 28, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Atlanticus Holdings Corporation stock

Atlanticus Holdings Corporation finds support from accumulated volume at $22.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.270 between high and low, or 1.18%. For the last week the stock has had daily average volatility of 2.03%.

Our recommended stop-loss: $22.36 (-3.63%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (ATLCP) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Atlanticus Holdings Corporation to open at $23.11, and during the day (based on 14 day Average True Range), to move between $22.72 and $23.68, which gives a possible trading interval of +/-$0.482 (+/-2.08%) up or down from last closing price. If Atlanticus Holdings Corporation takes out the full calculated possible swing range there will be an estimated 4.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.25 (0.22%) than the support at $22.54 (2.84%), 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.

Is Atlanticus Holdings Corporation stock A Buy?

Atlanticus Holdings Corporation 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: 0.245 Hold/Accumulate Unchanged

Predicted Opening Price for Atlanticus Holdings Corporation of Thursday, June 27, 2024

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