ALCO Forecast and Technical Stock Analysis
Hold candidate since 2019-12-13 PDF
Alico gained 0.06% in the last trading day ( Friday, 13th Dec 2019 ), rising from $35.73 to $35.75 During the day the stock fluctuated 1.67% from a day low at $35.16 to a day high of $35.75. The price has risen in 6 of the last 10 days and is up by 5.58% over the past 2 weeks. Volume fell in the last day by -7 239 shares and in total, 13 638 shares bought and sold for approximately $487 558.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the ALCO stock price was $36.48 and low was $30.85.
- 90 day high was $36.48 and low was $30.85.
- 52 week high for Alico - $36.48 and low - $25.25.
Alico is at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $36.12 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend, you can expect Alico with a 90% probability to be traded between $31.33 and $36.06 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Alico 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 $34.84 and $33.13. A break down below any of these levels will issue sell signals. 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 Wednesday December 11, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 68 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
On the downside, the stock finds support just below today's level from accumulated volume at $33.19 and $33.13.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Alico finds support just below today's level at $33.19. If this is broken, then the next support from accumulated volume will be at $33.13 and $32.95.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.59 between high and low, or 1.67%. For the last week the stock has had a daily average volatility of 3.53%.
Our recommended stop-loss: $34.33 (-3.97%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 day(s) ago.)
3.53 %Average volatility
Very Low Low Medium High Very High
Alico holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
|ALCO $35.75 ($0.02 0.06%)|
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