Stronger Sell Today ALLT ranks #3466 as SELL CANDIDATE #3466 Weaker Sell

ALLT stock forecast Allot Communications Ltd.

ALLT stock forecast

Wednesday November 13, 2019 Change -1.16% Price $8.52
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

ALLT Forecast and Technical Stock Analysis


Sell candidate since 2019-11-13 PDF

Allot Communications Ltd. fell by -1.16% in the last day ( Wednesday, 13th Nov 2019 ) from $8.62 to $8.52 and has now fallen 3 days in a row. During the day the stock fluctuated 1.41% from a day low at $8.50 to a day high of $8.62. The price has been going up and down for this period, and there has been a 9.94% gain for the last 2 weeks. Volume has increased in the last day by 23 635 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, 100 086 shares bought and sold for approximately $852 733.00.

Quick summary:

  • 30 day high of the ALLT stock price was $9.28 and low was $7.21.
  • 90 day high was $9.28 and low was $7.01.
  • 52 week high for Allot Communications Ltd. - $9.28 and low - $5.67.
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Trend

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 8.59% during the next 3 months and, with 90% probability hold a price between $8.19 and $9.67 at the end of this period.

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Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday November 06, 2019, which indicates further falls until a new bottom pivot has been found. Allot Communications Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Allot Communications Ltd. 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 $8.68. On a fall, the stock will find some support from the long-term average at approximately $7.89. 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.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

The stock holds a RSI14 at 79 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

* 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 $7.93 and $7.70.

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 $7.93. If this is broken, then the next support from accumulated volume will be at $7.70 and $7.39.

Support: $7.93 Price: $8.52 Resistance: $8.68

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.12 between high and low, or 1.41%. For the last week, the stock has had a daily average volatility of 2.77%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

2.77 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

Allot Communications Ltd. 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 recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.

Stronger Sell Today ALLT ranks #3466 as SELL CANDIDATE #3466 Weaker Sell
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