Thursday May 23, 2019 Change -1.34% Price $16.16
Chart period: 2019-02-25 - 2019-05-23
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Social Sentiment for ADTN

Today's data is from 6 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
100%
0%
Weighted Sentiment 0.50

Will ADTN stock price go up or down on Tue, 28 May 2019?

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ADTRAN Forecast and Stock Analysis

Technical ADTN stock analysis for Thursday May 23, 2019.

Hold candidate since 2019-05-23
Shorts n/a
Insider % n/a
Institutional % n/a
Beta 1.03
ROA -1.27%
Price to book USD 1.77
P/E Ratio -101.61
Next Earnings Date 2019-07-18


ADTRAN fell by -1.34% in the last day ( Thursday, 23rd May 2019 ) from $16.38 to $16.16 During day the stock fluctuated 1.55% from a day low at $16.09 to a day high of $16.34. The price has fallen in 6 of the last 10 days and is down by -1.52% for this period. Volume has increased in the last day by 40 779 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 229 901 shares bought and sold for approximately $3.72 million.

Quick summary:

  • 30 day high of the ADTN stock price was $17.81 and low was $15.81.
  • 90 day high was $17.81 and low was $13.68.
  • 52 week high for the ADTRAN - $19.30 and low - $10.21.

Trend

ADTRAN lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.01% during the next 3 months and, with 90% probability hold a price between $17.72 and $21.64 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday May 22, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. ADTRAN holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $16.22. On a fall, the stock will find some support from the long-term average at approximately $16.05. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

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A sell signal from a double top formation was found on Wednesday May 22, 2019 and based on theory for this formation the price should fall by -0.70% to $15.73 within 5 trading days since signal was issued (Thursday May 30, 2019).

Relative Strength Index (RSI)

RSI14 is 32 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $15.10 and $14.75.

There is 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, ADTRAN finds support just below today's level at $15.10. If this is broken, then the next support from accumulated volume will be at $14.75 and $14.33.

Support: $15.10 Price: $16.16 Resistance: $16.59

Risk

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 $0.25 (1.55%) between high and low. For the last week, the stock has had a daily average volatility of 1.84%.

Our recommended stoploss: $15.48 (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

1.84 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

ADTRAN holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate Downgraded
Previous Hold Today ADTN ranks #1096 as HOLD CANDIDATE #1096 Next Hold
ADTN $16.16 ($-0.22 -1.34%)
ADTN is down $0.22 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for ADTN based on the 1-3 month system that more than doubles the S&P 500.

This report is free today for StockInvest.us readers.

Click here – the ADTN analysis is free »

Will ADTN stock price go up or down
on Tue, 28 May 2019?

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