AstroNova, Inc. Stock Forecast
Stronger technical forecast for AstroNova, Inc. stock price after Wednesday trading.
(Updated on Apr 24, 2024)
The AstroNova, Inc. stock price gained 1.40% on the last trading day (Wednesday, 24th Apr 2024), rising from $17.20 to $17.44. During the last trading day the stock fluctuated 1.69% from a day low at $17.20 to a day high of $17.49. The price has fallen in 6 of the last 10 days and is down by -1.75% for this period. Volume fell on the last day by -2 thousand shares and in total, 9 thousand shares were bought and sold for approximately $148.41 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.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AstroNova, Inc. stock with a 90% probability to be traded between $16.02 and $17.52 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $17.14 and $17.42. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -2.41%. 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 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 $17.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.290 between high and low, or 1.69%. For the last week the stock has had daily average volatility of 3.04%.
Our recommended stop-loss: $16.66 (-4.47%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ALOT) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect AstroNova, Inc. to open at $17.38, and during the day (based on 14 day Average True Range), to move between $16.92 and $17.96, which gives a possible trading interval of +/-$0.520 (+/-2.98%) up or down from last closing price. If AstroNova, Inc. takes out the full calculated possible swing range there will be an estimated 5.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.36 (0.46%) than the resistance at $17.80 (2.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AstroNova, Inc. stock A Buy?
AstroNova, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.604 Hold/Accumulate Upgraded
Predicted Opening Price for AstroNova, Inc. of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$17.38 ( 0.363%) | $17.44 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 17.67 | 1.30 % | |
R2 | 17.56 | 0.664 % | ||
R1 | 17.49 | 0.272 % | ||
Current price: | 17.44 | |||
Support | S1 | 17.27 | -1.00 % | |
S2 | 17.20 | -1.39 % | ||
S3 | 17.09 | -2.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.87 | 2.47 % | |
R2 | 17.85 | 2.35 % | ||
R1 | 17.80 | 2.06 % | ||
Current price | 17.44 | |||
Support | S1 | 17.36 | -0.459% | |
S2 | 17.20 | -1.38% | ||
S3 | 17.14 | -1.72% |
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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