ADTN Forecast and Technical Stock Analysis
Sell candidate since 2019-12-13 PDF
ADTRAN fell by -0.74% in the last day ( Friday, 13th Dec 2019 ) from $9.44 to $9.37 During the day the stock fluctuated 3.15% from a day low at $9.21 to a day high of $9.50. The price has fallen in 6 of the last 10 days , but is still up by 1.96% over the past 2 weeks. Volume has increased in the last day by 10 586 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, 237 177 shares bought and sold for approximately $2.22 million.
- 30 day high of the ADTN stock price was $9.58 and low was $8.62.
- 90 day high was $11.73 and low was $8.09.
- 52 week high for ADTRAN - $17.81 and low - $8.09.
ADTRAN lies the upper part of a very wide and falling trend in the short term, and this may 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 $9.40 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 -22.30% during the next 3 months and, with 90% probability hold a price between $5.35 and $7.30 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday December 12, 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 buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $9.17 and $9.23. A break down below any of these levels will issue sell signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 69 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 $9.26.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.29 (3.15%) between high and low. For the last week, the stock has had daily average volatility of 2.85%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.85 %Average volatility
Very Low Low Medium High Very High
ADTRAN holds several negative signals and we believe that 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 analysis conclusion for this stock since last evaluation from a Buy Candidate to a Sell Candidate candidate.
|ADTN $9.37 ($-0.07 -0.74%)|
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