A10 Networks Inc Stock Forecast
Green day on Tuesday for A10 Networks Inc
(Updated on Apr 23, 2024)
The A10 Networks Inc stock price gained 2.20% on the last trading day (Tuesday, 23rd Apr 2024), rising from $13.18 to $13.47. It has now gained 4 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 the last trading day the stock fluctuated 3.22% from a day low at $13.18 to a day high of $13.61. The price has risen in 6 of the last 10 days but is still down by -1.61% for this period. Volume fell on the last day by -47 thousand shares and in total, 348 thousand shares were bought and sold for approximately $4.68 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect A10 Networks Inc stock with a 90% probability to be traded between $12.69 and $14.89 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ATEN Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.23%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The A10 Networks Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $13.54. On a fall, the stock will find some support from the short-term average at $13.03. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for A10 Networks Inc stock
A10 Networks Inc finds support from accumulated volume at $13.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.425 (3.22%) between high and low. For the last week, the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: $12.96 (-3.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (ATEN) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect A10 Networks Inc to open at $13.42, and during the day (based on 14 day Average True Range), to move between $13.13 and $13.81, which gives a possible trading interval of +/-$0.336 (+/-2.49%) up or down from last closing price. If A10 Networks Inc takes out the full calculated possible swing range there will be an estimated 4.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.45 (0.15%) than the resistance at $13.58 (0.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
A10 Networks Inc will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.150. We will update the financials statements for A10 Networks Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.30% in the first trading day after earnings release.
Is A10 Networks Inc stock A Buy?
A10 Networks Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.819 Hold/Accumulate Unchanged
Predicted Opening Price for A10 Networks Inc of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$13.42 ( 0.384%) | $13.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATEN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.84 | 2.77 % | |
R2 | 13.68 | 1.57 % | ||
R1 | 13.58 | 0.82 % | ||
Current price: | 13.47 | |||
Support | S1 | 13.26 | -1.59 % | |
S2 | 13.16 | -2.33 % | ||
S3 | 12.99 | -3.54 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.66 | 8.83 % | |
R2 | 13.64 | 1.26 % | ||
R1 | 13.58 | 0.82 % | ||
Current price | 13.47 | |||
Support | S1 | 13.45 | -0.148% | |
S2 | 13.27 | -1.48% | ||
S3 | 13.04 | -3.19% |
ATEN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 06, 2024 | Feb 15, 2024 | Mar 01, 2024 | $0.0600 | 0.440% |
2 | Nov 07, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.0600 | 0.474% |
3 | Jul 26, 2023 | Aug 14, 2023 | Sep 01, 2023 | $0.0600 | 0.393% |
4 | May 04, 2023 | May 12, 2023 | Jun 01, 2023 | $0.0600 | 0.410% |
5 | Feb 07, 2023 | Feb 16, 2023 | Mar 01, 2023 | $0.0600 | 0.397% |
FAQ
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