Air Industries Group Stock Forecast
Air Industries Group stock downgraded from Sell Candidate to Strong Sell Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Air Industries Group stock price fell by -4.31% on the last day (Tuesday, 2nd Jul 2024) from $3.48 to $3.33. During the last trading day the stock fluctuated 8.11% from a day low at $3.33 to a day high of $3.60. The price has risen in 6 of the last 10 days and is up by 5.38% over the past 2 weeks. Volume has increased on the last day by 17 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 34 thousand shares were bought and sold for approximately $113.85 thousand.
The stock lies in the middle of a very wide and 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 -33.43% during the next 3 months and, with a 90% probability hold a price between $1.79 and $3.84 at the end of this 3-month period.
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AIRI Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 7.07%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Air Industries Group 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 $3.39 and $4.01. A break-up above any of these levels will issue buy signals. Air Industries Group gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
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 $3.16 and $3.12. 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 $3.16. If this is broken, then the next support from accumulated volume will be at $3.12 and $3.11.
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 $0.270 between high and low, or 8.11%. For the last week, the stock has had daily average volatility of 6.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AIRI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Air Industries Group to open at $3.42, and during the day (based on 14 day Average True Range), to move between $3.03 and $3.63, which gives a possible trading interval of +/-$0.299 (+/-8.99%) up or down from last closing price. If Air Industries Group takes out the full calculated possible swing range there will be an estimated 17.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.50 (5.11%) than the support at $3.16 (5.11%), 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 Air Industries Group stock A Buy?
Air Industries Group holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.298 Strong Sell Candidate Downgraded
Predicted Opening Price for Air Industries Group of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $3.42 ( 2.70%) | $3.33 |
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 | |
|---|---|---|
| R3 | 3.69 | 10.81% |
| R2 | 3.59 | 7.71% |
| R1 | 3.52 | 5.80% |
| Price | 3.33 | |
| S1 | 3.32 | -0.395% |
| S2 | 3.25 | -2.31% |
| S3 | 3.15 | -5.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.07 | 22.22% |
| R2 | 3.77 | 13.21% |
| R1 | 3.50 | 5.11% |
| Price | 3.33 | |
| S1 | 3.16 | -5.11% |
| S2 | 3.12 | -6.31% |
| S3 | 3.11 | -6.61% |
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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