Ascena Retail Group Forecast and Stock Analysis
Technical ASNA stock analysis for Wednesday June 19, 2019.
Ascena Retail Group gained 1.22% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $0.76 to $0.77 , 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 day the stock fluctuated 12.51% from a day low at $0.71 to a day high of $0.80. The price has fallen in 7 of the last 10 days and is down by -28.1% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.76 million more shares were traded than the day before. In total, 3.27 million shares bought and sold for approximately $2.52 million.
- 30 day high of the ASNA stock price was $1.24 and low was $0.70.
- 90 day high was $1.50 and low was $0.70.
- 52 week high for the Ascena Retail Group - $5.29 and low - $0.70.
Ascena Retail Group lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $0.74 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.47% during the next 3 months and, with 90% probability hold a price between $0.64 and $1.18 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday June 17, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $0.81 and $1.10. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 31 and the stock is currently not being overbought or oversold
Support & Resistance
Ascena Retail Group finds support from accumulated volume at $0.76.
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 $0.09 between high and low, or 12.51%. For the last week, the stock has had a daily average volatility of 10.10%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
10.10 %Average volatility
Very Low Low Medium High Very High
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 $0.77 ($0.01 1.22%)|
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