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Altra Industrial Motion Corp. Stock Forecast NASDAQ:AIMC

$53.92 (-0.94%)

Volume: 136k

Closed: Dec 03, 2021

Hollow Logo Score: -0.941

Altra Industrial Motion Corp. Stock Forecast

$53.92 (-0.94%)

Volume: 136k

Closed: Dec 03, 2021

Score Hollow Logo -0.941
Which way will AIMC go? Request
Stop-loss: $51.21 (-5.02%)
Key Stats
P/E Ratio 23.89
Beta 1.99
Trailing Dividend Rate 0.52% ($0.28)
Next Dividend Date Dec 16, 2021
* 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 34 and the stock is currently not being overbought or oversold

Red day on Friday for Altra Industrial Motion Corp.
(Updated on Dec 03, 2021)


Hold candidate since 2021-12-02 Loss -0.94%

The Altra Industrial Motion Corp. stock price fell by -0.94% on the last day (Friday, 3rd Dec 2021) from $54.43 to $53.92. During the day the stock fluctuated 3.71% from a day low at $53.16 to a day high of $55.13. The price has fallen in 8 of the last 10 days and is down by -12.34% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 136 thousand shares were bought and sold for approximately $7.34 million.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $52.11 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 3.61% during the next 3 months and, with a 90% probability hold a price between $53.99 and $64.39 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 3.61%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Altra Industrial Motion Corp. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $54.82 and $56.81. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Wednesday, December 01, 2021 and based on theory for this formation the price should go up by 23.35% to $66.51 within 24 trading days since signal was issued (Wednesday, January 05, 2022).

Support, Risk & Stop-loss

Altra Industrial Motion Corp. finds support from accumulated volume at $52.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $1.97 between high and low, or 3.71%. For the last week, the stock has had a daily average volatility of 4.95%.

Our recommended stop-loss: $51.21 (-5.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)

Is Altra Industrial Motion Corp. stock A Buy?

Altra Industrial Motion Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.941

Predicted Opening Price for Altra Industrial Motion Corp. of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$54.07 $53.92 (Undervalued)
Hold/Accumulate Unchanged

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Analyst Ratings

On Oct 25, 2021 "Robert W. Baird" gave "$69.00 - $67.00" rating for AIMC. The price target was changed from $54.76 to 3.9%.

Volatility and Risk
Daily Average Volatility: 4.95 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.95 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $54.00
Price: $53.92
Support: $52.96

AIMC Insider Trading Show all Trades

INSIDER POWER

0.768

Last 100 transactions
Buy: 234 447 | Sell: 305 110 (Shares)
Date Action Amount Person Type
Nov 11, 2021 Buy 492 Woodward James H Jr Common Stock, par value $0.001
Nov 11, 2021 Buy 492 Williams La Vonda Common Stock, par value $0.001
Nov 11, 2021 Buy 470 Ganske Lyle G. Common Stock, par value $0.001
Nov 11, 2021 Buy 492 Ganske Lyle G. Common Stock, par value $0.001
Nov 11, 2021 Buy 492 Hall J Scott Common Stock, par value $0.001
Show all Insider Trades
INSIDER POWER

0.768

Last 100 transactions
Buy: 234 447 | Sell: 305 110 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 56.04 3.93 %
55.29 2.54 %
54.82 1.67 %
Current price: 53.92
Support 53.32 -1.12 %
52.85 -1.98 %
52.10 -3.38 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 54.99 1.98 %
54.76 1.56 %
54.00 0.15 %
Current price 53.92
Support 52.96 -1.78%
52.69 -2.28%
52.04 -3.49%

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About Altra Industrial Motion Corp.

Altra Industrial Motion Altra Industrial Motion Corp. designs, produces, and markets mechanical power transmission components worldwide. The company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. It offers coupling products under the Ameridrives, Ameridrives Power Transmission, Bibby, Lamiflex, TB Wood's, Huco Dynatork, and Guardian brands for food processing, oil and gas, power generation, material han... Read more

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