Bullish vs. Bearish (9 opinions)
Social Sentiment 0.44
ALSK Forecast and Technical Stock Analysis
Buy candidate since 2019-07-18 Gain 2.75%
Alaska Communications Systems Group gained 2.75% in the last trading day ( Friday, 19th Jul 2019 ), rising from $1.82 to $1.87 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 5.68% from a day low at $1.78 to a day high of $1.88. The price has risen in 7 of the last 10 days and is up by 10.65% 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, 3 554 more shares were traded than the day before. In total, 54 834 shares bought and sold for approximately $102 540.00.
- 30 day high of the ALSK stock price was $1.88 and low was $1.68.
- 90 day high was $1.88 and low was $1.61.
- 52 week high for Alaska Communications Systems Group - $2.10 and low - $1.37.
Alaska Communications Systems Group has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $1.86 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $2.08 sometime during the next 3 months.
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 $1.82 and $1.72. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday July 17, 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 74 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 $1.71 and $1.68.
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, Alaska Communications Systems Group finds support just below today's level at $1.71. If this is broken, then the next support from accumulated volume will be at $1.68 and $1.65.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.10 (5.68%) between high and low. For the last week, the stock has had daily average volatility of 3.83%.
Our recommended stop-loss: $1.79 (-4.49%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
3.83 %Average volatility
Very Low Low Medium High Very High
Alaska Communications Systems Group holds several positive signals and has broken the wide and horizontal trend up. As the stock is in great technical shape, 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.
|ALSK $1.87 ($0.05 2.75%)|
ALSK is up $0.05 today, but where's it headed in 2019?
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