Alarm.com Holdings Stock Forecast
Alarm.com Holdings stock price ended at $64.30 on Thursday, after gaining 0.0778%.
(Updated on Apr 18, 2024)
The Alarm.com Holdings stock price gained 0.0778% on the last trading day (Thursday, 18th Apr 2024), rising from $64.25 to $64.30. During the last trading day the stock fluctuated 1.88% from a day low at $63.80 to a day high of $65.00. The price has fallen in 7 of the last 10 days and is down by -7.95% for this period. Volume fell on the last day by -11 thousand shares and in total, 184 thousand shares were bought and sold for approximately $11.83 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $64.37. A reaction back to this level may hold a second chance to get out before further falls.
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ALRM Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.0778%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Alarm.com Holdings stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $66.27 and $71.62. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Alarm.com Holdings stock
Alarm.com Holdings finds support from accumulated volume at $62.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.20 between high and low, or 1.88%. For the last week, the stock has had daily average volatility of 2.84%.
Alarm.com Holdings is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALRM) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Alarm.com Holdings to open at $64.37, and during the day (based on 14 day Average True Range), to move between $62.66 and $65.94, which gives a possible trading interval of +/-$1.64 (+/-2.55%) up or down from last closing price. If Alarm.com Holdings takes out the full calculated possible swing range there will be an estimated 5.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $62.53 (2.75%) than the resistance at $69.76 (8.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alarm.com Holdings stock A Buy?
The Alarm.com Holdings stock holds several negative signals and despite the positive trend, we believe Alarm.com Holdings will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.233 Sell Candidate Unchanged
Predicted Opening Price for Alarm.com Holdings of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $64.37 ( 0.104%) | $64.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALRM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.57 | 1.97 % | |
| R2 | 65.11 | 1.26 % | ||
| R1 | 64.83 | 0.82 % | ||
| Current price: | 64.30 | |||
| Support | S1 | 63.91 | -0.609 % | |
| S2 | 63.63 | -1.05 % | ||
| S3 | 63.17 | -1.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.69 | 17.71 % | |
| R2 | 71.88 | 11.79 % | ||
| R1 | 69.76 | 8.49 % | ||
| Current price | 64.30 | |||
| Support | S1 | 62.53 | -2.75% | |
| S2 | 61.87 | -3.78% | ||
| S3 | 60.82 | -5.41% |
FAQ
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