Air Industries Group Stock Forecast
High volatility in Air Industries Group stock price on Friday which ended trading at $6.15
(Updated on Apr 26, 2024)
The Air Industries Group stock price gained 27.86% on the last trading day (Friday, 26th Apr 2024), rising from $4.81 to $6.15. During the last trading day the stock fluctuated 23.41% from a day low at $5.04 to a day high of $6.22. The price has risen in 5 of the last 10 days and is up by 28.13% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 172 thousand more shares were traded than the day before. In total, 189 thousand shares were bought and sold for approximately $1.16 million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $5.86, a level that may pose a second chance to hit a runner. According to fan-theory $7.03 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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AIRI Signals & Forecast
The Air Industries Group 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 $5.21 and $4.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 51.85%. Further rise is indicated until a new top pivot has been found. Air Industries Group 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Air Industries Group stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.19 and $5.13. 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 Industries Group finds support just below today's level at $5.19. If this is broken, then the next support from accumulated volume will be at $5.13 and $5.10.
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 $1.18 between high and low, or 23.41%. For the last week, the stock has had daily average volatility of 9.76%.
Our recommended stop-loss: $5.93 (-3.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (AIRI) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Air Industries Group to open at $5.80, and during the day (based on 14 day Average True Range), to move between $5.68 and $6.62, which gives a possible trading interval of +/-$0.475 (+/-7.72%) up or down from last closing price. If Air Industries Group takes out the full calculated possible swing range there will be an estimated 15.44% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $5.19, some $0.96 (15.57%) from the current price of $6.15, our system finds the risk reward attractive.
Is Air Industries Group stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Air Industries Group stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.375 Strong Buy Candidate Upgraded
Predicted Opening Price for Air Industries Group of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $5.80 ( 5.64%) | $6.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIRI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.98 | 13.55 % | |
| R2 | 6.53 | 6.22 % | ||
| R1 | 6.25 | 1.69 % | ||
| Current price: | 6.15 | |||
| Support | S1 | 5.35 | -12.97 % | |
| S2 | 5.07 | -17.49 % | ||
| S3 | 4.62 | -24.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 6.15 | |||
| Support | S1 | 5.19 | -15.57% | |
| S2 | 5.13 | -16.59% | ||
| S3 | 5.10 | -17.07% |
AIRI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 12, 2015 | Nov 19, 2015 | Dec 01, 2015 | $1.50 | 1.84% |
| 2 | Jul 23, 2015 | Jul 30, 2015 | Aug 12, 2015 | $1.50 | 1.69% |
| 3 | Apr 02, 2015 | Apr 09, 2015 | Apr 24, 2015 | $1.50 | 1.41% |
| 4 | Dec 19, 2014 | Dec 30, 2014 | Jan 15, 2015 | $1.50 | 1.50% |
| 5 | Oct 10, 2014 | Oct 16, 2014 | Nov 03, 2014 | $1.50 | 1.24% |
FAQ
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