Alliance Data Systems Corporation Forecast and Stock Analysis
Technical ADS stock analysis for Monday June 24, 2019.
Alliance Data Systems Corporation fell by -1.93% in the last day ( Monday, 24th Jun 2019 ) from $137.12 to $134.47 and has now fallen 3 days in a row. During day the stock fluctuated 3.00% from a day low at $133.80 to a day high of $137.81. The price has fallen in 7 of the last 10 days and is down by -1.38% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -237 279 shares and in total 556 165 shares bought and sold for approximately $74.79 million.
- 30 day high of the ADS stock price was $144.49 and low was $133.80.
- 90 day high was $182.95 and low was $133.80.
- 52 week high for the Alliance Data Systems Corporation - $250.27 and low - $133.80.
Alliance Data Systems Corporation 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 -24.16% during the next 3 months and, with 90% probability hold a price between $91.81 and $109.97 at the end of this period.
There are few to none technical positive signals at the moment. Alliance Data Systems Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $137.43 and $142.28. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday June 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 32 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $4.01 (3.00%) between high and low. For the last week, the stock has had a daily average volatility of 1.82%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.82 %Average volatility
Very Low Low Medium High Very High
Alliance Data Systems Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.
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|ADS $134.47 ($-2.65 -1.93%)|
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