Altice USA Inc. Class A Stock Forecast
Green day on Friday for Altice USA Inc. Class A
(Updated on Apr 19, 2024)
The Altice USA Inc. Class A stock price gained 3.14% on the last trading day (Friday, 19th Apr 2024), rising from $1.91 to $1.97. During the last trading day the stock fluctuated 6.72% from a day low at $1.86 to a day high of $1.99. The price has fallen in 7 of the last 10 days and is down by -19.26% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $5.98 million.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $1.80 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Altice USA Inc. Class A stock with a 90% probability to be traded between $1.78 and $2.92 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ATUS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.14%. 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 Altice USA Inc. Class A 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 $2.04 and $2.49. 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 Altice USA Inc. Class A stock
Altice USA Inc. Class A finds support from accumulated volume at $1.94 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 $0.125 between high and low, or 6.72%. For the last week, the stock has had daily average volatility of 7.11%.
Altice USA Inc. Class A is oversold on RSI14 (21). 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 (ATUS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Altice USA Inc. Class A to open at $1.94, and during the day (based on 14 day Average True Range), to move between $1.80 and $2.14, which gives a possible trading interval of +/-$0.170 (+/-8.65%) up or down from last closing price. If Altice USA Inc. Class A takes out the full calculated possible swing range there will be an estimated 17.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.94 (1.52%) than the resistance at $2.04 (3.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Altice USA Inc. Class A stock A Buy?
Altice USA Inc. Class A 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: -3.413 Sell Candidate Unchanged
Predicted Opening Price for Altice USA Inc. Class A of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $1.94 ( 1.61%) | $1.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATUS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.06 | 4.74 % | |
| R2 | 2.02 | 2.31 % | ||
| R1 | 1.99 | 0.82 % | ||
| Current price: | 1.97 | |||
| Support | S1 | 1.89 | -4.03 % | |
| S2 | 1.86 | -5.53 % | ||
| S3 | 1.81 | -7.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.44 | 23.86 % | |
| R2 | 2.18 | 10.66 % | ||
| R1 | 2.04 | 3.55 % | ||
| Current price | 1.97 | |||
| Support | S1 | 1.94 | -1.52% | |
| S2 | 1.92 | -2.54% | ||
| S3 | 1.87 | -5.08% |
ATUS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2018 | Jun 07, 2018 | Jun 06, 2018 | $2.04 | 10.12% |
FAQ
Click here for our free guide on how to buy Altice USA Inc. Class A Stock.
