ALSK Forecast and Technical Stock Analysis
Sell candidate since 2019-09-20 PDF
Alaska Communications Systems Group fell by -0.58% in the last day ( Friday, 20th Sep 2019 ) from $1.73 to $1.72 and has now fallen 3 days in a row. During the day the stock fluctuated 1.75% from a day low at $1.71 to a day high of $1.74. The price has been going up and down for this period, and there has been a 0.58% gain for the last 2 weeks. Volume has increased in the last day by 22 995 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, 54 747 shares bought and sold for approximately $94 164.80.
- 30 day high of the ALSK stock price was $1.89 and low was $1.67.
- 90 day high was $1.98 and low was $1.67.
- 52 week high for Alaska Communications Systems Group - $2.10 and low - $1.37.
Alaska Communications Systems Group is at the lower part of a wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $1.67 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend, you can expect Alaska Communications Systems Group with a 90% probability to be traded between $1.66 and $1.92 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are few to none technical positive signals at the moment. Alaska Communications Systems Group holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $1.74 and $1.76. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday September 11, 2019, which indicates further falls until a new bottom pivot has been found. Alaska Communications Systems Group 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". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 53 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 $1.71.
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 $0.03 (1.75%) between high and low. For the last week, the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.55 %Average volatility
Very Low Low Medium High Very High
Alaska Communications Systems Group holds several negative signals and is within a wide and falling trend, so we believe 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 Hold/Accumulate to a Sell Candidate.
|ALSK $1.72 ($-0.01 -0.58%)|
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