Allison Transmission Holdings Inc Stock Forecast
Green day on Thursday for Allison Transmission Holdings Inc
(Updated on Apr 25, 2024)
The Allison Transmission Holdings Inc stock price gained 0.287% on the last trading day (Thursday, 25th Apr 2024), rising from $80.03 to $80.26. 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 2.76% from a day low at $78.33 to a day high of $80.50. The price has been going up and down for this period, and there has been a -1.95% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 101 thousand more shares were traded than the day before. In total, 801 thousand shares were bought and sold for approximately $64.31 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $79.41 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 34.06% during the next 3 months and, with a 90% probability hold a price between $106.46 and $116.94 at the end of this 3-month period.
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ALSN Signals & Forecast
The Allison Transmission Holdings Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $79.53 and $79.17. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -2.81%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Allison Transmission Holdings Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $75.33 and $71.75. There is a 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, Allison Transmission Holdings Inc finds support just below today's level at $75.33. If this is broken, then the next support from accumulated volume will be at $71.75 and $70.10.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.17 between high and low, or 2.76%. For the last week the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: $76.51 (-4.67%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (ALSN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Allison Transmission Holdings Inc to open at $79.70, and during the day (based on 14 day Average True Range), to move between $78.63 and $81.89, which gives a possible trading interval of +/-$1.63 (+/-2.03%) up or down from last closing price. If Allison Transmission Holdings Inc takes out the full calculated possible swing range there will be an estimated 4.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $81.16 (1.12%) than the support at $75.33 (6.14%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Allison Transmission Holdings Inc stock A Buy?
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 Allison Transmission Holdings Inc stock to perform well in the short-term.
Current score: 4.165 Buy Candidate Unchanged
Predicted Opening Price for Allison Transmission Holdings Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $79.70 ( 0.704%) | $80.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALSN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81.86 | 1.99 % | |
| R2 | 81.03 | 0.96 % | ||
| R1 | 80.52 | 0.326 % | ||
| Current price: | 80.26 | |||
| Support | S1 | 78.87 | -1.73 % | |
| S2 | 78.36 | -2.37 % | ||
| S3 | 77.53 | -3.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.29 | 2.53 % | |
| R2 | 81.43 | 1.46 % | ||
| R1 | 81.16 | 1.12 % | ||
| Current price | 80.26 | |||
| Support | S1 | 75.33 | -6.14% | |
| S2 | 71.75 | -10.60% | ||
| S3 | 70.10 | -12.66% |
ALSN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 01, 2024 | Mar 01, 2024 | Mar 15, 2024 | $0.250 | 0.332% |
| 2 | Nov 02, 2023 | Nov 10, 2023 | Nov 30, 2023 | $0.230 | 0.430% |
| 3 | Aug 03, 2023 | Aug 11, 2023 | Aug 31, 2023 | $0.230 | 0.380% |
| 4 | May 03, 2023 | May 12, 2023 | May 31, 2023 | $0.230 | 0.486% |
| 5 | Feb 23, 2023 | Mar 03, 2023 | Mar 17, 2023 | $0.230 | 0.549% |
FAQ
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