Air T Stock Forecast
Air T stock price up 2.61% on Tuesday
(Updated on Apr 23, 2024)
The Air T stock price gained 2.61% on the last trading day (Tuesday, 23rd Apr 2024), rising from $24.54 to $25.18. It has now gained 3 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 last trading day the stock fluctuated 7.70% from a day low at $23.38 to a day high of $25.18. The price has risen in 6 of the last 10 days and is up by 18.49% 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, 875 more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $228.31 thousand.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $25.74 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 47.57% during the next 3 months and, with a 90% probability hold a price between $32.50 and $37.99 at the end of this 3-month period.
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AIRT Signals & Forecast
The Air T 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 $23.25 and $21.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 14.92%. Further rise is indicated until a new top pivot has been found. Air T 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 T stock
On the downside, the stock finds support just below today's level from accumulated volume at $21.15 and $20.13. 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 T finds support just below today's level at $21.15. If this is broken, then the next support from accumulated volume will be at $20.13 and $19.32.
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 $1.80 between high and low, or 7.70%. For the last week, the stock has had daily average volatility of 7.50%.
Our recommended stop-loss: $24.25 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (AIRT) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Air T to open at $24.58, and during the day (based on 14 day Average True Range), to move between $23.51 and $26.85, which gives a possible trading interval of +/-$1.67 (+/-6.62%) up or down from last closing price. If Air T takes out the full calculated possible swing range there will be an estimated 13.24% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $21.15, some $4.03 (16.00%) from the current price of $25.18, our system finds the risk reward attractive.
Is Air T stock A Buy?
Air T holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.487 Strong Buy Candidate Unchanged
Predicted Opening Price for Air T of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$24.58 ( 2.38%) | $25.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIRT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.38 | 4.77 % | |
R2 | 25.69 | 2.03 % | ||
R1 | 25.27 | 0.348 % | ||
Current price: | 25.18 | |||
Support | S1 | 23.89 | -5.11 % | |
S2 | 23.47 | -6.80 % | ||
S3 | 22.78 | -9.53 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 25.18 | |||
Support | S1 | 21.15 | -16.00% | |
S2 | 20.13 | -20.06% | ||
S3 | 19.32 | -23.27% |
AIRT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 20, 2013 | Jun 05, 2013 | Jun 07, 2019 | $0.200 | 1.08% |
2 | May 21, 2012 | Jun 06, 2012 | Jun 29, 2012 | $0.167 | 2.86% |
3 | May 18, 2011 | Jun 01, 2011 | Jun 24, 2011 | $0.167 | 2.82% |
4 | May 19, 2010 | Jun 02, 2010 | Jun 25, 2010 | $0.220 | 3.03% |
5 | May 19, 2009 | Jun 03, 2009 | Jun 26, 2009 | $0.220 | 3.87% |
FAQ
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