Atlanticus Holdings Corp 9.25% Senior Stock Forecast

Atlanticus Holdings Corp 9.25% Senior stock price ended at $25.13 on Tuesday, after gaining 0.120%.
(Updated on Jun 25, 2024)

ATLCZ Signals & Forecast

Mostly positive signals in the chart today. The Atlanticus Holdings Corp 9.25% Senior 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 $25.04 and $24.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.46%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Atlanticus Holdings Corp 9.25% Senior has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Atlanticus Holdings Corp 9.25% Senior stock

Atlanticus Holdings Corp 9.25% Senior finds support from accumulated volume at $25.01 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 $0.0500 between high and low, or 0.199%. For the last week the stock has had daily average volatility of 0.256%.

The Atlanticus Holdings Corp 9.25% Senior stock is extremely overbought on RSI14 (89). This increases the short-term risk substantially.

Our recommended stop-loss: $24.32 (-3.22%) (This stock has low daily movements and this gives low risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 68 days ago.)

Trading Expectations (ATLCZ) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Atlanticus Holdings Corporation 9.25% Senior Notes Due 2029 to open at $25.13, and during the day (based on 14 day Average True Range), to move between $25.00 and $25.26, which gives a possible trading interval of +/-$0.129 (+/-0.51%) up or down from last closing price. If Atlanticus Holdings Corporation 9.25% Senior Notes Due 2029 takes out the full calculated possible swing range there will be an estimated 1.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.23 (0.40%) than the support at $25.01 (0.48%), 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 9.25% Senior Notes Due 2029 stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Atlanticus Holdings Corp 9.25% Senior stock to perform well in the short-term period.

Current score: 2.717 Buy Candidate Unchanged

Predicted Opening Price for Atlanticus Holdings Corporation 9.25% Senior Notes Due 2029 of Wednesday, June 26, 2024

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