Fri 16'th Nov 2018

PERIOD 2018-08-17 - 2018-11-16
CHANGE -1.02%
PRICE $13.64
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy
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ADTRAN Stock Analysis

Technical stock analysis for Fri 16'th Nov 2018

Sell candidate since 2018-10-17 Loss -9.13%
Shorts n/a
Cash 102.6 mill
Loans n/a
Beta 0.88
ROA -3.27

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.

Trend

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.

Click here for today's Top 5 Trending Companies

Signals

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.

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A buy signal from a double bottom formation was found on Monday November 12, 2018 and based on theory for this formation the price should go up by 1.56% to $15.00 within 8 trading days since signal was issued (Friday November 23, 2018).

Relative Strength Index (RSI)

RSI14 is 55 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

ADTRAN finds support from accumulated volume at $13.63.

Support: $13.63 Price: $13.64 Resistance: $13.83

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 $0.28 (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.

Overall risk:

Very Low Low Medium High Very High

Evaluation

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%)
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