ATEC Forecast and Technical Stock Analysis
Sell candidate since 2019-12-09 Loss -1.36% PDF
Alphatec Holdings fell by -0.91% in the last day ( Wednesday, 11th Dec 2019 ) from $6.57 to $6.51 and has now fallen 6 days in a row. During the day the stock fluctuated 2.18% from a day low at $6.46 to a day high of $6.60. The price has fallen in 7 of the last 10 days and is down by -8.05% for this period. 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 -84 777 shares and in total 220 391 shares bought and sold for approximately $1.43 million.
- 30 day high of the ATEC stock price was $7.68 and low was $6.44.
- 90 day high was $7.68 and low was $4.58.
- 52 week high for Alphatec Holdings - $7.68 and low - $1.18.
Alphatec Holdings lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. A break down the bottom trend line at $6.45 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 41.12% during the next 3 months and, with 90% probability hold a price between $9.10 and $11.36 at the end of this period.
There are few to none technical positive signals at the moment. Alphatec Holdings 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 $6.72 and $6.77. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday November 27, 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 - 80 ]
The stock currently holds a RSI14 at 19 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* 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 $5.89 and $5.70.
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, Alphatec Holdings finds support just below today's level at $5.89. If this is broken, then the next support from accumulated volume will be at $5.70 and $5.66.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Alphatec Holdings is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
3.13 %Average volatility
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|ATEC $6.51 ($-0.06 -0.91%)|
ATEC is down $0.06 today, but where's it headed in 2020?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
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