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Altice USA, Inc. (ATUS)

Altice USA stock forecast: buy or sell

Close on Sep 25th, 2020
$26.08 0.02%
3 months performance
0.16%
Published: September 27th, 2020 - 16:22

Altice USA stock outlook

  • Altice USA stock went up 2.39% to close at $26.08 on the stock market on Friday.
  • Altice USA, Inc., together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands.

Please read:
The opinions published in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not know the specific circumstances of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for informational purposes only

Altice USA stock charts

Should I buy Altice USA stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is ATUS stock a buy?

Currently, Altice USA stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean ATUS will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Altice USA stock?

Do you know when is it time to sell Altice USA?. Just as when we have to buy shares, deciding when is appropiate to sell is not a whimsical decision, and we must follow our own trading strategy. We like very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups are not intended for selling short ATUS stock

A guiding principle is that you must never mantain an investment that yields losses greater than those expected by the time of purchase. The timing to sell your stock must always be determined by the stop-loss (automatic or manual)

Is it time to sell Altice USA stock?

Currently, Altice USA stock doesn't match any of our preferred sell setups, so if you own Altice USA shares and your operation is in profit probably is not time to sell now

Analysts' recommendations to buy or sell Altice USA stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last 30 days, just one analyst rating was published for Altice USA

Altice USA ratings

Brokerage firmRating
Sep 15th, 2020
Pivotal Research Strong buy

Technical analysis

SMAs overview

A favorite tool of many traders are the moving averages, that easily show trend momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

ATUS SMAs chart

Supports and resistances

Technical analysts use support and resistance levels to spot price points on a chart that tend to work as obstacles, preventing the price of an asset to move in certain direction. Supports are levels where the price may find support as it falls. Price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down this level, it will probably continue declining until approaching another support level. On the contrary, resistance levels are where the price tends to find resistance as it rises. In the same way, the price is more likely to "bounce off" at this level, and if it finally breaches this level, it will climb more easily until it finds the next resistance

The current resistances are:

  • R1: $26.24 (0.61% above)
  • R2: $26.39 (1.19% above)
  • R3: $26.63 (2.11% above)
  • The current support levels are:

  • S1: $25.79 (-1.11% below)
  • S2: $25.15 (-3.57% below)
  • S3: $25.08 (-3.83% below)
  • Bollinger bands

    This is an indicator that was developed in the 1980s by John Bollinger. It is composed of 3 lines that are outlined superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Since the price broke down the lower band on Wednesday, the price bounced by 2.68%

    ATUS RSI chart

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical weakness or strength of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in 1978

    The RSI dropped below the overbought level of 70 on September 3 after just crossing to the overbough zone for a single day (weak signal). The RSI value on Friday was 46.67. Altice USA stock tanked a 8.97% since then

    ATUS RSI chart

    Earnings and financials

    Q2 financial event was hosted by Altice USA in late July after presenting the financial report. Altice USA reported second-quarter earnings of $0.19 per share on sales of $2.5 billion. The analysts estimate was $0.15 per share on revenue of $2.4 billion.

    Compared to the same quarter last year, EPS was $0.13, so posted EPS is a improvement of 46.15%. Looking at turnover, figures scarcely changed compared to $2.5B year over year.

    Altice USA is hosting the Q3 earnings call on early next November. Wall Street analysts predict a per-share earnings of %s of $0.22, that is a 15.79% more than Q2. If you hold or you are considering buying Altice USA stock, be on your toes as earnings reporting day usually has a very high volatility, and price can soar and sink with very low liquidity and not honouring your buy or stop-loss orders. Check company's website to confirm time and details about the earnings call and the earnings report.

    ATUS revenues and profits chart