VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

ALCO Forecast and Technical Stock Analysis

Buy candidate since 2019-07-09 Gain 2.98%

Alico gained 0.64% in the last trading day ( Friday, 19th Jul 2019 ), rising from $31.20 to $31.40 , 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 day the stock fluctuated 4.35% from a day low at $30.94 to a day high of $32.29. The price has risen in 8 of the last 10 days and is up by 3.66% 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, 369 more shares were traded than the day before. In total, 12 290 shares bought and sold for approximately $385 906.00.

Quick summary:

  • 30 day high of the ALCO stock price was $32.73 and low was $29.69.
  • 90 day high was $32.73 and low was $25.25.
  • 52 week high for the Alico - $34.65 and low - $25.25.
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Trend

Alico lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.44% during the next 3 months and, with 90% probability hold a price between $34.85 and $39.52 at the end of this period.

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Signals

Only positive signals in the chart today. Alico holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $31.47. On a fall, the stock will find some support from the long-term average at approximately $29.76. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday July 17, 2019, which indicates further gains until a new top pivot has been found. Alico has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 60 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 behavior.

Support & Resistance

Alico finds support from accumulated volume at $30.34.

Support: $30.34 Price: $31.40 Resistance: $31.62

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 $1.35 (4.35%) between high and low. For the last week, the stock has had a daily average volatility of 4.56%.

Our recommended stoploss: $29.65 (-5.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

4.56 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Strong Buy Candidate Upgraded

Evaluation

Alico holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Will ALCO stock price go up or down on Mon, 22 Jul 2019?

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