ATEN Forecast and Technical Stock Analysis
Buy candidate since 2020-01-22 PDF
A10 Networks Inc gained 0.72% in the last trading day ( Wednesday, 22nd Jan 2020 ), rising from $6.96 to $7.01 During the day the stock fluctuated 1.19% from a day low at $6.98 to a day high of $7.06. The price has been going up and down for this period, and there has been a -0.99% loss for the last 2 weeks. Volume fell in the last day by -114 185 shares and in total, 146 017 shares bought and sold for approximately $1.02 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the ATEN stock price was $7.49 and low was $6.76.
- 90 day high was $7.60 and low was $6.15.
- 52 week high for A10 Networks Inc - $8.29 and low - $5.93.
A10 Networks Inc lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.28% during the next 3 months and, with 90% probability hold a price between $6.37 and $7.76 at the end of this period.
A10 Networks Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $7.10. On a fall, the stock will find some support from the long-term average at approximately $6.84. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday January 21, 2020, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 56 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
A10 Networks Inc finds support from accumulated volume at $6.98.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: $6.63 (-5.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
2.02 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate candidate.
|ATEN $7.01 ($0.05 0.72%)|
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