Alaska Communications Systems Group Forecast and Stock Analysis
Technical ALSK stock analysis for March 25, 2019.
Alaska Communications Systems Group gained 2.22% in the last trading day, rising from $1.80 to $1.84 The price has risen in 6 of the last 10 days and is up by 5.14% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 23 672 more shares were traded than the day before. In total, 69 051 shares bought and sold for approximately $127 054.00.
Close price at the end of the last trading day (Monday, 25th Mar 2019) of the ALSK stock was $1.84. This is 2.22% more than the trading day before Friday, 22nd Mar 2019.
During day the stock fluctuated 7.38% from a day low at $1.76 to a day high of $1.89.
30 day high of the ALSK stock price was $1.92 and low was $1.67.
90 day high was $2.10 and low was $1.39.
52 week high for the Alaska Communications Systems Group - $2.10 and low - $1.37.
Alaska Communications Systems Group 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 6.83% during the next 3 months and, with 90% probability hold a price between $1.85 and $2.29 at the end of this period.
Only positive signals in the chart today. Alaska Communications Systems Group 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 $1.84 and $1.79. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday March 22, 2019, which indicates further gains until a new top pivot has been found. Alaska Communications Systems Group has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 64 and the stock is currently not being overbought or oversold
Support & Resistance
Alaska Communications Systems Group finds support from accumulated volume at $1.82.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.13 (7.38%) between high and low. For the last week, the stock has had a daily average volatility of 4.45%.
Our recommended stoploss: $1.74 (-5.21%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Strong Buy Candidate
Alaska Communications Systems Group holds several positive signals and is within a weak 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 recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.