Atlantic Tele-Network Stock Forecast

Big movements in Atlantic Tele-Network stock price on Friday moving 10.72% between high and low
(Updated on Apr 26, 2024)

ATNI Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.14%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 $25.65 and $29.11. A break-up above any of these levels will issue buy signals. 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

Atlantic Tele-Network finds support from accumulated volume at $19.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.98 between high and low, or 10.72%. For the last week, the stock has had daily average volatility of 10.81%.

Atlantic Tele-Network is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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 Monday 29th

For the upcoming trading day on Monday, 29th we expect Atlantic Tele-Network to open at $19.45, and during the day (based on 14 day Average True Range), to move between $17.82 and $21.22, which gives a possible trading interval of +/-$1.70 (+/-8.70%) up or down from last closing price. If Atlantic Tele-Network takes out the full calculated possible swing range there will be an estimated 17.39% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $19.30, some $0.220 (1.13%) from the current price of $19.52, our system finds the risk reward attractive.

Is Atlantic Tele-Network stock A Buy?

Atlantic Tele-Network holds several negative signals and is within a very 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: -5.613 Strong Sell Candidate Unchanged

Predicted Opening Price for Atlantic Tele-Network of Monday, April 29, 2024

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