ALSK Forecast and Technical Stock Analysis
Hold candidate since 2019-12-13 PDF
Alaska Communications Systems Group fell by -0.58% in the last day ( Friday, 13th Dec 2019 ) from $1.73 to $1.72 During the day the stock fluctuated 1.47% from a day low at $1.71 to a day high of $1.73. The price has been going up and down for this period, and there has been a -3.37% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -55 746 shares and in total 113 056 shares bought and sold for approximately $194 456.00.
- 30 day high of the ALSK stock price was $1.90 and low was $1.67.
- 90 day high was $1.90 and low was $1.60.
- 52 week high for 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 2.93% during the next 3 months and, with 90% probability hold a price between $1.70 and $1.94 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Alaska Communications Systems Group holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $1.73. On a fall, the stock will find some support from the short-term average at $1.70. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday December 12, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 35 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
Alaska Communications Systems Group finds support from accumulated volume at $1.70.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: $1.64 (-4.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 day(s) ago.)
1.70 %Average volatility
Very Low Low Medium High Very High
Alaska Communications Systems Group holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate candidate.
|ALSK $1.72 ($-0.01 -0.58%)|
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