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Atlas Air Worldwide Holdings Stock Forecast NASDAQ:AAWW

$87.71 (0.64%)

Volume: 587k

Closed: Dec 07, 2021

Hollow Logo Score: 2.794

Atlas Air Worldwide Holdings Stock Forecast

$87.71 (0.64%)

Volume: 587k

Closed: Dec 07, 2021

Score Hollow Logo 2.794
Which way will AAWW go? Request
Stop-loss: $82.72 (-5.69%)
Key Stats
P/E Ratio 5.09
Beta 0.95
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 49 and the stock is currently not being overbought or oversold

Green day on Tuesday for Atlas Air Worldwide Holdings
(Updated on Dec 07, 2021)


Buy or Hold candidate since 2021-10-20 Gain 12.05%

The Atlas Air Worldwide Holdings stock price gained 0.64% on the last trading day (Tuesday, 7th Dec 2021), rising from $87.15 to $87.71. , and has now gained 5 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 day the stock fluctuated 2.75% from a day low at $87.37 to a day high of $89.77. The price has been going up and down for this period, and there has been a -5.24% 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, 60 thousand more shares were traded than the day before. In total, 587 thousand shares were bought and sold for approximately $51.45 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $85.91 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 19.04% during the next 3 months and, with a 90% probability hold a price between $102.27 and $115.62 at the end of this 3-month period.

Signals & Forecast

The Atlas Air Worldwide Holdings 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 $87.42 and $85.99. 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 Tuesday, November 23, 2021, and so far it has fallen -7.59%. 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

On the downside, the stock finds support just below today's level from accumulated volume at $82.37 and $75.63. There is 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, Atlas Air Worldwide Holdings finds support just below today's level at $82.37. If this is broken, then the next support from accumulated volume will be at $75.63 and $74.00.

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 $2.40 between high and low, or 2.75%. For the last week, the stock has had a daily average volatility of 2.88%.

Our recommended stop-loss: $82.72 (-5.69%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)

Is Atlas Air Worldwide Holdings 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 Atlas Air Worldwide Holdings stock to perform well in the short-term.

Current score: 2.794

Predicted Opening Price for Atlas Air Worldwide Holdings of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$88.28 $87.71 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

Truist Securities is very positive about AAWW and gave it a "Buy" rating on Apr 22, 2021. The price target was set to $95.00.

Volatility and Risk
Daily Average Volatility: 2.88 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.88 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $88.31
Price: $87.71
Support: $82.37

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 90.68 3.39 %
89.77 2.34 %
89.20 1.70 %
Current price: 87.71
Support 87.37 -0.39 %
86.80 -1.04 %
85.88 -2.08 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 92.56 5.53 %
89.50 2.04 %
88.31 0.68 %
Current price 87.71
Support 82.37 -6.09%
75.63 -13.77%
74.00 -15.63%

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About Atlas Air Worldwide Holdings

Atlas Air Worldwide Holdings Atlas Air Worldwide Holdings, Inc., through its subsidiaries, provides outsourced aircraft and aviation operating services worldwide. It operates through ACMI, Charter, and Dry Leasing segments. The company offers outsourced cargo and passenger aircraft operating solutions comprising contractual service arrangements, which include providing aircraft to customers and value-added services, such as crew, maintenance, and insurance; and crew, mainten... Read more

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