ADTN Forecast and Technical Stock AnalysisSell candidate since 2019-07-16 Loss -26.79%
ADTRAN fell by -4.95% in the last day ( Friday, 19th Jul 2019 ) from $12.13 to $11.53 and has now fallen 3 days in a row. During day the stock fluctuated 8.38% from a day low at $11.28 to a day high of $12.23. The price has risen in 6 of the last 10 days , but is still down by -24.93% 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 -1.87 million shares and in total 1.16 million shares bought and sold for approximately $13.42 million.
- 30 day high of the ADTN stock price was $16.92 and low was $11.28.
- 90 day high was $17.81 and low was $11.28.
- 52 week high for the ADTRAN - $19.30 and low - $10.21.
ADTRAN has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($14.12) are considered to be a "second chance" to get out. According to the fan-theory $12.43 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
There are few to none technical positive signals at the moment. ADTRAN 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 $14.64 and $15.64. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday July 15, 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)
RSImin/max Values: [ 25 - 75 ]
The stock currently holds a RSI14 at 16 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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 may move much during a 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 $0.95 between high and low, or 8.38%. For the last week, the stock has had a daily average volatility of 10.43%.
ADTRAN is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
10.43 %Average volatility
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|ADTN $11.53 ($-0.60 -4.95%)|
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