Air T Stock Forecast

Big movements in Air T stock price on Friday moving 10.83% between high and low
(Updated on Apr 19, 2024)

AIRT Signals & Forecast

The Air T 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 $23.04 and $20.63. A breakdown below any of these levels will issue sell signals. Air T has increased 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. 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 Thursday, April 11, 2024, and so far it has fallen -5.07%. 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 Air T stock

On the downside, the stock finds support just below today's level from accumulated volume at $21.15 and $20.13. 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, Air T finds support just below today's level at $21.15. If this is broken, then the next support from accumulated volume will be at $20.13 and $19.32.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.33 between high and low, or 10.83%. For the last week, the stock has had daily average volatility of 7.29%.

Our recommended stop-loss: $22.00 (-5.24%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (AIRT) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Air T to open at $22.86, and during the day (based on 14 day Average True Range), to move between $21.57 and $24.87, which gives a possible trading interval of +/-$1.65 (+/-7.11%) up or down from last closing price. If Air T takes out the full calculated possible swing range there will be an estimated 14.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.78 (2.41%) than the support at $21.15 (8.91%), 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 Air T 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 Air T stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.200 Buy Candidate Upgraded

Predicted Opening Price for Air T of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.