Fri 16'th Nov 2018
ADTRAN Stock Analysis
Technical stock analysis for Fri 16'th Nov 2018
ADTRAN fell by -1.02% in the last day from $13.78 to $13.64 The price has been going up and down for this period, and there has been a -2.01% loss for the last 2 weeks. Volume has increased in the last day by 68 357 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, 257 686 shares bought and sold for approximately $3.51 million.
ADTRAN lies in the middle of a very 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 -21.70% during the next 3 months and, with 90% probability hold a price between $9.63 and $12.90 at the end of this period.
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 $13.83 and $15.08. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday November 15, 2018, 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.
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
ADTRAN finds support from accumulated volume at $13.63.
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 $0.28 (2.04%) between high and low. For the last week, the stock has had a daily average volatility of 3.19%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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ADTRAN 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. 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.
|ADTN $13.64 $-0.14(-1.02%)|
ADTN is down $0.14 today, but where's it headed in 2019?
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