Atlantic Tele-Network Stock Forecast
Atlantic Tele-Network stock price ended at $22.44 on Tuesday, after gaining 1.58%.
(Updated on May 07, 2024)
The Atlantic Tele-Network stock price gained 1.58% on the last trading day (Tuesday, 7th May 2024), rising from $22.09 to $22.44. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.10% from a day low at $21.94 to a day high of $22.62. The price has risen in 8 of the last 10 days but is still down by -20.59% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 137 thousand shares were bought and sold for approximately $3.08 million.
The stock lies in the middle of a very 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 -36.03% during the next 3 months and, with a 90% probability hold a price between $11.42 and $16.96 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.
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ATNI Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 17.61%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $26.88. On a fall, the stock will find some support from the short-term average at $20.88. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Atlantic Tele-Network stock
On the downside, the stock finds support just below today's level from accumulated volume at $19.52 and $19.30. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Atlantic Tele-Network finds support just below today's level at $19.52. If this is broken, then the next support from accumulated volume will be at $19.30 and $19.08.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.680 between high and low, or 3.10%. For the last week, the stock has had daily average volatility of 4.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATNI) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Atlantic Tele-Network to open at $22.33, and during the day (based on 14 day Average True Range), to move between $20.99 and $23.89, which gives a possible trading interval of +/-$1.45 (+/-6.44%) up or down from last closing price. If Atlantic Tele-Network takes out the full calculated possible swing range there will be an estimated 12.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.52 (13.01%) than the resistance at $27.31 (21.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Atlantic Tele-Network stock A Buy?
Atlantic Tele-Network holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.666 Sell Candidate Unchanged
Predicted Opening Price for Atlantic Tele-Network of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$22.33 ( 0.475%) | $22.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATNI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.01 | 2.55 % | |
R2 | 22.75 | 1.40 % | ||
R1 | 22.59 | 0.682 % | ||
Current price: | 22.44 | |||
Support | S1 | 22.07 | -1.63 % | |
S2 | 21.91 | -2.35 % | ||
S3 | 21.65 | -3.51 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.03 | 24.91 % | |
R2 | 27.62 | 23.08 % | ||
R1 | 27.31 | 21.70 % | ||
Current price | 22.44 | |||
Support | S1 | 19.52 | -13.01% | |
S2 | 19.30 | -13.99% | ||
S3 | 19.08 | -14.97% |
ATNI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 27, 2024 | Apr 05, 2024 | $0.210 | 0.742% |
2 | Dec 14, 2023 | Dec 28, 2023 | Jan 05, 2024 | $0.240 | 0.630% |
3 | Sep 14, 2023 | Sep 28, 2023 | Oct 06, 2023 | $0.210 | 0.653% |
4 | Jun 08, 2023 | Jun 29, 2023 | Jul 07, 2023 | $0.210 | 0.584% |
5 | Mar 08, 2023 | Mar 30, 2023 | Apr 07, 2023 | $0.210 | 0.504% |
FAQ
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