AstroNova, Inc. Stock Forecast
Green day on Friday for AstroNova, Inc. stock after gaining 1.96%
(Updated on Apr 19, 2024)
The AstroNova, Inc. stock price gained 1.96% on the last trading day (Friday, 19th Apr 2024), rising from $16.87 to $17.20. During the last trading day the stock fluctuated 3.46% from a day low at $16.75 to a day high of $17.33. The price has fallen in 6 of the last 10 days and is down by -3.21% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $159.22 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.41% during the next 3 months and, with a 90% probability hold a price between $15.91 and $17.37 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ALOT Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.12%. Further rise is indicated until a new top pivot has been found. AstroNova, Inc. 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. The AstroNova, 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 $17.40. On a fall, the stock will find some support from the short-term average at $17.00. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AstroNova, Inc. stock
AstroNova, Inc. finds support from accumulated volume at $17.14 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 $0.580 (3.46%) between high and low. For the last week, the stock has had daily average volatility of 3.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALOT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect AstroNova, Inc. to open at $17.09, and during the day (based on 14 day Average True Range), to move between $16.68 and $17.72, which gives a possible trading interval of +/-$0.517 (+/-3.01%) up or down from last closing price. If AstroNova, Inc. takes out the full calculated possible swing range there will be an estimated 6.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.14 (0.35%) than the resistance at $17.80 (3.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AstroNova, Inc. stock A Buy?
AstroNova, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.169 Sell Candidate Unchanged
Predicted Opening Price for AstroNova, Inc. of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$17.09 ( 0.620%) | $17.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALOT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.67 | 2.75 % | |
R2 | 17.45 | 1.46 % | ||
R1 | 17.31 | 0.668 % | ||
Current price: | 17.20 | |||
Support | S1 | 16.87 | -1.91 % | |
S2 | 16.73 | -2.70 % | ||
S3 | 16.51 | -3.99 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.00 | 4.65 % | |
R2 | 17.85 | 3.78 % | ||
R1 | 17.80 | 3.49 % | ||
Current price | 17.20 | |||
Support | S1 | 17.14 | -0.349% | |
S2 | 16.85 | -2.03% | ||
S3 | 16.81 | -2.27% |
ALOT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 12, 2020 | Mar 25, 2020 | Apr 02, 2020 | $0.0700 | 1.01% |
2 | Dec 03, 2019 | Dec 18, 2019 | Dec 26, 2019 | $0.0700 | 0.511% |
3 | Aug 28, 2019 | Sep 13, 2019 | Sep 24, 2019 | $0.0700 | 0.453% |
4 | Jun 06, 2019 | Jun 18, 2019 | Jun 26, 2019 | $0.0700 | 0.270% |
5 | Jun 05, 2019 | Jun 14, 2019 | Jun 24, 2019 | $0.0700 | 0.273% |
FAQ
Click here for our free guide on how to buy AstroNova, Inc. Stock.