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

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

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