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Allegiant Travel Company Stock Forecast NASDAQ:ALGT

$174.59 (-5.92%)

Volume: 215k

Closed: Nov 26, 2021

Hollow Logo Score: -2.104

Allegiant Travel Company Stock Forecast

$174.59 (-5.92%)

Volume: 215k

Closed: Nov 26, 2021

Score Hollow Logo -2.104
Which way will ALGT go? Request
Key Stats
P/E Ratio 28.62
Beta 1.47
* 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 ] The Allegiant Travel Company stock currently holds an RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Allegiant Travel Company stock price fell more than -5.92% Friday closing at $174.59
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Allegiant Travel Company stock price fell by -5.92% on the last day (Friday, 26th Nov 2021) from $185.57 to $174.59. During the day the stock fluctuated 4.06% from a day low at $170.00 to a day high of $176.91. The price has fallen in 6 of the last 10 days and is down by -7.48% for this period. Volume has increased on the last day by 128 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, 215 thousand shares were bought and sold for approximately $37.45 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $170.59 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.68% during the next 3 months and, with a 90% probability hold a price between $159.19 and $185.21 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Allegiant Travel Company 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 $183.82 and $185.99. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 09, 2021, and so far it has fallen -9.78%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $6.91 between high and low, or 4.06%. For the last week, the stock has had a daily average volatility of 2.82%.

Allegiant Travel Company is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Allegiant Travel Company stock A Buy?

Allegiant Travel Company holds several negative signals and is within a 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.

Current score: -2.104

Predicted Opening Price for Allegiant Travel Company of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$173.83 $174.59 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 16, 2021 "The Goldman Sachs Group" gave "$245.00 - $250.00" rating for ALGT. The price target was changed from $187.00 to 0.7%.

Volatility and Risk
Daily Average Volatility: 2.82 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.82 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $175.10
Price: $174.59
No Support Found

ALGT Insider Trading Show all Trades

INSIDER POWER

0.177

Last 100 transactions
Buy: 97 220 | Sell: 548 186 (Shares)
Date Action Amount Person Type
Oct 26, 2021 Sell 182 Aretos Rebecca Common Stock
Oct 01, 2021 Buy 1 234 Aretos Rebecca Common Stock
Sep 13, 2021 Sell 693 Wilson Robert Paul Iii Common Stock
Sep 13, 2021 Sell 616 Deangelo Scott Wayne Common Stock
Sep 01, 2021 Buy 5 507 Wilson Robert Paul Iii Common Stock
Show all Insider Trades
INSIDER POWER

0.177

Last 100 transactions
Buy: 97 220 | Sell: 548 186 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 180.74 3.52 %
178.10 2.01 %
176.47 1.08 %
Current price: 174.59
Support 171.19 -1.95 %
169.56 -2.88 %
166.93 -4.39 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 196.14 12.34 %
192.75 10.40 %
175.10 0.29 %
Current price 174.59
Support 0 .
0 .
0 .

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About Allegiant Travel Company

Allegiant Travel Company Allegiant Travel Company, a leisure travel company, focuses on the provision of travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited frequency nonstop flights between under-served cities and leisure destinations. As of February 1, 2016, it operated a fleet of 51 MD-80 aircraft, 12 Airbus A319 aircraft, 26 A320 series aircraft, and 5 Boeing 757-200 aircraf... Read more

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