Bullish vs. Bearish (1 opinions)
Social Sentiment -0.89
ALLT Forecast and Technical Stock Analysis
Hold candidate since 2019-10-14 PDF
Allot Communications Ltd. gained 0.26% in the last trading day ( Monday, 14th Oct 2019 ), rising from $7.56 to $7.58 During the day the stock fluctuated 1.33% from a day low at $7.50 to a day high of $7.60. The price has fallen in 6 of the last 10 days and is down by -5.96% for this period. Volume fell in the last day by -3 852 shares and in total, 21 435 shares bought and sold for approximately $162 477.00. 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 ALLT stock price was $8.28 and low was $7.50.
- 90 day high was $8.28 and low was $7.01.
- 52 week high for Allot Communications Ltd. - $8.34 and low - $5.67.
Allot Communications Ltd. lies in the middle of a wide and weak 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 5.6% during the next 3 months and, with 90% probability hold a price between $7.81 and $8.68 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday October 11, 2019, 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. Allot Communications Ltd. 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 $7.68 and $7.76. A break-up above any of these levels will issue buy signals. 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 30 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
Allot Communications Ltd. finds support from accumulated volume at $7.54.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: $7.12 (-6.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
2.49 %Average volatility
Very Low Low Medium High Very High
Allot Communications Ltd. holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|ALLT $7.58 ($0.02 0.26%)|
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