AstroNova, Inc. Stock Forecast

Buy candidate since Dec 04, 2024 Gain 0.90%

The AstroNova, Inc. stock price gained 0.90% on the last trading day (Thursday, 5th Dec 2024), rising from $15.63 to $15.77. During the last trading day the stock fluctuated 2.01% from a day low at $15.61 to a day high of $15.92. The price has risen in 6 of the last 10 days and is up by 8.46% over the past 2 weeks. Volume fell on the last day by -266 thousand shares and in total, 10 thousand shares were bought and sold for approximately $153.32 thousand. 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.

Given the current short-term trend, the stock is expected to rise 4.93% during the next 3 months and, with a 90% probability hold a price between $13.05 and $16.55 at the end of this 3-month period.

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ALOT Signals & Forecast

The AstroNova, Inc. 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 $15.32 and $14.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, November 04, 2024, and so far it has risen 29.47%. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for AstroNova, Inc. stock

AstroNova, Inc. finds support from accumulated volume at $15.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.313 between high and low, or 2.01%. For the last week the stock has had daily average volatility of 2.96%.

Our recommended stop-loss: $15.16 (-3.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (ALOT) For The Upcoming Trading Day Of Friday 6th

For the upcoming trading day on Friday, 6th we expect AstroNova, Inc. to open at $15.76, and during the day (based on 14 day Average True Range), to move between $15.28 and $16.26, which gives a possible trading interval of +/-$0.486 (+/-3.08%) up or down from last closing price. If AstroNova, Inc. takes out the full calculated possible swing range there will be an estimated 6.16% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $15.63, some $0.140 (0.89%) from the current price of $15.77, our system finds the risk reward attractive.

Is AstroNova, Inc. 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 AstroNova, Inc. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 4.640 Buy Candidate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on December 6, 2024 - $15.76 ( 0.0351%).