Ascena Retail Group Forecast and Stock Analysis
Technical ASNA stock analysis for April 25, 2019.
Ascena Retail Group fell by -5.17% in the last day from $1.16 to $1.10 The price has fallen in 5 of the last 10 days and is down by -9.09% for this period. Volume has increased in the last day by 0.13 million 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, 2.99 million shares bought and sold for approximately $3.29 million.
Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the ASNA stock was $1.10. This is 5.17% less than the trading day before Wednesday, 24th Apr 2019.
During day the stock fluctuated 6.73% from a day low at $1.10 to a day high of $1.17.
30 day high of the ASNA stock price was $1.24 and low was $0.97.
90 day high was $2.73 and low was $0.97.
52 week high for the Ascena Retail Group - $5.29 and low - $0.97.
Ascena Retail Group lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.13 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -61.44% during the next 3 months and, with 90% probability hold a price between $0.13 and $0.44 at the end of this period.
There are few to none technical positive signals at the moment. Ascena Retail 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 $1.13 and $1.28. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday April 24, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 48 and the stock is currently not being overbought or oversold
Support & Resistance
Ascena Retail Group finds support from accumulated volume at $1.08.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.07 between high and low, or 6.73%. For the last week, the stock has had a daily average volatility of 8.59%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Ascena Retail Group holds several negative signals and is within a very 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.
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|ASNA $1.10 ($-0.06 -5.17%)|
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