AstroNova, Inc. Stock Forecast
A very red day for AstroNova, Inc. stock price after a -5.19% fall in the Monday trading session
(Updated on Jun 17, 2024)
The AstroNova, Inc. stock price fell by -5.19% on the last day (Monday, 17th Jun 2024) from $16.56 to $15.70. During the last trading day the stock fluctuated 6.94% from a day low at $15.42 to a day high of $16.49. The price has fallen in 8 of the last 10 days and is down by -12.53% for this period. Volume has increased on the last day by 19 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, 27 thousand shares were bought and sold for approximately $419.39 thousand.
Given the current short-term trend, the stock is expected to fall -2.63% during the next 3 months and, with a 90% probability hold a price between $15.29 and $17.56 at the end of this 3-month period.
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ALOT Signals & Forecast
There are few to no technical positive signals at the moment. The AstroNova, Inc. 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 $16.67 and $17.42. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -13.26%. 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). AstroNova, Inc. 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 AstroNova, Inc. stock
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 $1.07 between high and low, or 6.94%. For the last week, the stock has had daily average volatility of 3.96%.
AstroNova, Inc. is oversold on RSI14 (17). 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 a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALOT) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect AstroNova, Inc. to open at $15.87, and during the day (based on 14 day Average True Range), to move between $15.12 and $16.28, which gives a possible trading interval of +/-$0.583 (+/-3.71%) up or down from last closing price. If AstroNova, Inc. takes out the full calculated possible swing range there will be an estimated 7.42% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $17.08, some $1.38 (8.79%) from the current price of $15.70, our system finds the risk reward not very attractive.
Is AstroNova, Inc. stock A Buy?
AstroNova, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.897 Sell Candidate Downgraded
Predicted Opening Price for AstroNova, Inc. of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$15.87 ( 1.08%) | $15.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALOT
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 16.94 | 7.90% |
R2 | 16.53 | 5.29% |
R1 | 16.28 | 3.69% |
Price | 15.70 | |
S1 | 15.46 | -1.52% |
S2 | 15.21 | -3.13% |
S3 | 14.80 | -5.73% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.87 | 13.82% |
R2 | 17.85 | 13.69% |
R1 | 17.08 | 8.79% |
Price | 15.70 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
ALOT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 12, 2020 | Mar 25, 2020 | Apr 02, 2020 | $0.0700 | 1.01% |
2 | Dec 03, 2019 | Dec 18, 2019 | Dec 26, 2019 | $0.0700 | 0.511% |
3 | Aug 28, 2019 | Sep 13, 2019 | Sep 24, 2019 | $0.0700 | 0.453% |
4 | Jun 06, 2019 | Jun 18, 2019 | Jun 26, 2019 | $0.0700 | 0.270% |
5 | Jun 05, 2019 | Jun 14, 2019 | Jun 24, 2019 | $0.0700 | 0.273% |
FAQ
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