Alphatec Holdings Forecast and Stock Analysis
Technical ATEC stock analysis for April 24, 2019.
Alphatec Holdings gained 3.91% in the last trading day, rising from $2.81 to $2.92 , and has now gained 5 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. The price has risen in 7 of the last 10 days and is up by 12.31% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 63 485 more shares were traded than the day before. In total, 188 075 shares bought and sold for approximately $549 179.00.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the ATEC stock was $2.92. This is 3.91% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 8.30% from a day low at $2.77 to a day high of $3.00.
30 day high of the ATEC stock price was $3.00 and low was $2.51.
90 day high was $3.00 and low was $1.18.
52 week high for the Alphatec Holdings - $4.19 and low - $1.18.
Alphatec Holdings lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $2.74 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 98.28% during the next 3 months and, with 90% probability hold a price between $5.43 and $7.42 at the end of this period.
Only positive signals in the chart today. Alphatec Holdings holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $2.76 and $2.68. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday April 12, 2019, which indicates further gains until a new top pivot has been found. Alphatec Holdings has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 64 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $2.70 and $2.49.
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 $2.70. If this is broken, then the next support from accumulated volume will be at $2.49 and $2.33.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.23 (8.30%) between high and low. For the last week, the stock has had a daily average volatility of 4.46%.
Our recommended stoploss: $2.80 (-3.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 7 days ago.)
Very Low Low Medium High Very High
Evaluation: Strong Buy Candidate
Alphatec Holdings holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
|ATEC $2.92 ($0.11 3.91%)|
ATEC is up $0.11 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for ATEC based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the ATEC analysis is free »
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us