RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AIN
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Albany International Corporation stock price up 1.98% on Wednesday
(Updated on Mar 27, 2024)

Buy candidate since Mar 25, 2024 Gain 4.25% PDF

The Albany International Corporation stock price gained 1.98% on the last trading day (Wednesday, 27th Mar 2024), rising from $94.62 to $96.49. During the last trading day the stock fluctuated 1.57% from a day low at $95.00 to a day high of $96.49. The price has risen in 6 of the last 10 days and is up by 3.44% over the past 2 weeks. Volume fell on the last day by -27 thousand shares and in total, 87 thousand shares were bought and sold for approximately $8.43 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.80% during the next 3 months and, with a 90% probability hold a price between $90.44 and $104.10 at the end of this 3-month period.

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AIN Signals & Forecast

The Albany International Corporation 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 $93.86 and $92.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 12.51%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, July 13, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, July 13, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Albany International Corporation stock

Albany International Corporation finds support from accumulated volume at $92.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $1.49 between high and low, or 1.57%. For the last week the stock has had daily average volatility of 1.76%.

Our recommended stop-loss: $93.13 (-3.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)

Trading Expectations (AIN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Albany International Corporation to open at $95.99, and during the day (based on 14 day Average True Range), to move between $94.59 and $98.39, which gives a possible trading interval of +/-$1.90 (+/-1.97%) up or down from last closing price. If Albany International Corporation takes out the full calculated possible swing range there will be an estimated 3.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $97.34 (0.88%) than the support at $92.18 (4.47%), 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 Albany International Corporation 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 Albany International Corporation stock to perform well in the short-term.

Current score: 2.676 Buy Candidate Unchanged

Predicted Opening Price for Albany International Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$95.99 ( 0.515%) $96.49

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

Trading levels for AIN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 97.48 1.03 %
R2 96.91 0.440 %
R1 96.56 0.0752 %
Current price: 96.49
Support S1 95.42 -1.10 %
S2 95.07 -1.47 %
S3 94.50 -2.06 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 98.50 2.08 %
R2 98.22 1.79 %
R1 97.34 0.88 %
Current price 96.49
Support S1 92.18 -4.47%
S2 91.58 -5.09%
S3 87.44 -9.38%

AIN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 23, 2024 Mar 14, 2024 Apr 05, 2024 $0.260 0.269%
2 Dec 08, 2023 Dec 18, 2023 Jan 08, 2024 $0.260 0.282%
3 Aug 24, 2023 Sep 01, 2023 Oct 06, 2023 $0.250 0.295%
4 May 12, 2023 Jun 06, 2023 Jul 10, 2023 $0.250 0.276%
5 Feb 24, 2023 Mar 16, 2023 Jul 10, 2023 $0.250 0.276%

FAQ

What is the symbol for Albany International Corporation Stock and on which exchange is it traded?
The symbol for Albany International Corporation is AIN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Albany International Corporation Stock?
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 Albany International Corporation stock to perform well in the short-term.

How to buy Albany International Corporation Stock?
Albany International Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Albany International Corporation Stock.

What's the current price of Albany International Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Albany International Corporation (AIN) share was $96.49.

What is the 52-week high and low for Albany International Corporation Stock?
The 52-week high for Albany International Corporation Stock is $99.40 and the 52-week low is $78.20.

What is the market capitalization of Albany International Corporation Stock?
As of the 2024-03-27, the market capitalization of Albany International Corporation is 2.918B.

When is the next earnings date for Albany International Corporation?
The upcoming earnings date for Albany International Corporation is Apr 23, 2024.
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About Albany International Corporation

Albany International Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, and towels. This segment offers forming, pressing, and drying fabrics, as well as process belts u... AIN Profile

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