ADTN Forecast and Technical Stock Analysis
Buy candidate since 2019-09-20 PDF
ADTRAN gained 0.44% in the last trading day ( Friday, 20th Sep 2019 ), rising from $11.42 to $11.47 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.37% from a day low at $11.39 to a day high of $11.66. The price has risen in 8 of the last 10 days and is up by 7.4% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 260 708 more shares were traded than the day before. In total, 404 558 shares bought and sold for approximately $4.64 million.
- 30 day high of the ADTN stock price was $11.66 and low was $9.92.
- 90 day high was $16.40 and low was $9.92.
- 52 week high for ADTRAN - $18.75 and low - $9.92.
ADTRAN lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $11.63 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -32.34% during the next 3 months and, with 90% probability hold a price between $5.10 and $7.87 at the end of this period.
ADTRAN holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $11.43 and $10.87. A break down below any of these levels will issue sell signals. 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. A sales signal was issued from a pivot top point on Tuesday September 17, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 74 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
ADTRAN finds support from accumulated volume at $11.43.
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 $0.27 between high and low, or 2.37%. For the last week, the stock has had a daily average volatility of 2.73%.
Our recommended stop-loss: $10.96 (-4.45%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 3 day(s) ago.)
2.73 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|ADTN $11.47 ($0.05 0.44%)|
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