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Atlantic Tele-Network Stock Forecast NASDAQ:ATNI

$41.53 (-4.11%)

Volume: 32k

Closed: Nov 26, 2021

Hollow Logo Score: -1.443

Atlantic Tele-Network Stock Forecast

$41.53 (-4.11%)

Volume: 32k

Closed: Nov 26, 2021

Score Hollow Logo -1.443
Which way will ATNI go? Request
Key Stats
P/E Ratio -35.70
Beta 0.5
Trailing Dividend Rate 1.63% ($0.68)
* 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 33 and the stock is currently not being overbought or oversold

Atlantic Tele-Network stock price ended on $41.53 on Friday after losing 4.11%
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-24 Loss -4.11%

The Atlantic Tele-Network stock price fell by -4.11% on the last day (Friday, 26th Nov 2021) from $43.31 to $41.53. During the day the stock fluctuated 4.14% from a day low at $40.84 to a day high of $42.53. The price has fallen in 6 of the last 10 days and is down by -3.87% for this period. Volume has increased on the last day by 9 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, 32 thousand shares were bought and sold for approximately $1.35 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.81% during the next 3 months and, with a 90% probability hold a price between $35.46 and $40.30 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, October 29, 2021, and so far it has risen 1.84%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Atlantic Tele-Network 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 $42.43 and $43.90. A break-up above any of these levels will issue buy signals. Atlantic Tele-Network gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss

Atlantic Tele-Network finds support from accumulated volume at $41.41 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 $1.69 between high and low, or 4.14%. For the last week the stock has had a daily average volatility of 3.25%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Atlantic Tele-Network stock A Buy?

Atlantic Tele-Network holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.443

Predicted Opening Price for Atlantic Tele-Network of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$41.63 $41.53 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Oct 29, 2021 "Raymond James" gave "$54.00 - $49.00" rating for ATNI. The price target was set to $41.400.0%.

Volatility and Risk
Daily Average Volatility: 3.25 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.25 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $46.01
Price: $41.53
Support: $41.41

ATNI Insider Trading Show all Trades

INSIDER POWER

0.722

Last 100 transactions
Buy: 164 916 | Sell: 228 395 (Shares)
Date Action Amount Person Type
Nov 10, 2021 Sell 600 Prior Cornelius B Jr Common Stock
Jun 10, 2021 Buy 2 521 Eisenstein James S Common Stock
Jun 10, 2021 Buy 2 521 Kennedy John Clarke Common Stock
Jun 10, 2021 Buy 2 521 Bulkin Bernard J Common Stock
Jun 10, 2021 Buy 2 521 Lenehan Pamela F Common Stock
Show all Insider Trades
INSIDER POWER

0.722

Last 100 transactions
Buy: 164 916 | Sell: 228 395 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 43.32 4.32 %
42.68 2.76 %
42.28 1.80 %
Current price: 41.53
Support 40.99 -1.31 %
40.59 -2.27 %
39.94 -3.82 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 46.39 11.70 %
46.05 10.88 %
46.01 10.79 %
Current price 41.53
Support 41.41 -0.29%
40.78 -1.81%
0 .

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About Atlantic Tele-Network

Atlantic Tele-Network ATN International, Inc., through its subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda, and the Caribbean. The company operates through five segments: U.S. Wireless, International Integrated Telephony, Island Wireless, U.S. Wireline, and Renewable Energy. It offers wholesale wireless voice and data roaming services; wireline local and long-distance telephone services; and facilities-based integrate... Read more

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