ALLT Forecast and Technical Stock Analysis
Buy candidate since 2020-01-23 Gain 1.14% PDF
Allot Communications Ltd. gained 1.14% in the last trading day ( Friday, 24th Jan 2020 ), rising from $9.65 to $9.76 During the day the stock fluctuated 3.62% from a day low at $9.67 to a day high of $10.02. The price has risen in 6 of the last 10 days and is up by 6.32% over the past 2 weeks. Volume fell in the last day by -222 258 shares and in total, 113 184 shares bought and sold for approximately $1.10 million. 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 ALLT stock price was $10.05 and low was $8.25.
- 90 day high was $10.05 and low was $7.31.
- 52 week high for Allot Communications Ltd. - $10.05 and low - $6.40.
Allot Communications Ltd. 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 16.25% during the next 3 months and, with 90% probability hold a price between $10.15 and $11.71 at the end of this period.
Allot Communications Ltd. 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 $9.64 and $8.90. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 23, 2020, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 73 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 $8.81 and $8.40.
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, Allot Communications Ltd. finds support just below today's level at $8.81. If this is broken, then the next support from accumulated volume will be at $8.40 and $8.37.
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 $0.35 between high and low, or 3.62%. For the last week the stock has had a daily average volatility of 3.71%.
Our recommended stop-loss: $9.25 (-5.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
3.71 %Average volatility
Very Low Low Medium High Very High
Allot Communications Ltd. 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 analysis conclusion for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate candidate.
|ALLT $9.76 ($0.11 1.14%)|
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