AstroNova, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for AstroNova, Inc. stock after gaining 0.402%
(Updated on Apr 26, 2024)
The AstroNova, Inc. stock price gained 0.402% on the last trading day (Friday, 26th Apr 2024), rising from $17.43 to $17.50. During the last trading day the stock fluctuated 2.34% from a day low at $17.10 to a day high of $17.50. The price has been going up and down for this period, and there has been a 1.16% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 349 more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $65.56 thousand.
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 $16.13 and $17.61 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 $17.36 and $17.43. A breakdown below any of these levels will issue sell signals. AstroNova, Inc. 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. The very low volume increases the risk and reduces the other technical signals issued. 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 -2.07%. 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).
A sell signal from a double top formation was found on Monday, April 22, 2024 and based on theory for this formation the price should fall by -1.62% to $17.22 within 20 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for AstroNova, Inc. stock
AstroNova, Inc. finds support from accumulated volume at $17.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.400 (2.34%) between high and low. For the last week, the stock has had daily average volatility of 2.66%.
Our recommended stop-loss: $16.67 (-4.76%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (ALOT) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect AstroNova, Inc. to open at $17.37, and during the day (based on 14 day Average True Range), to move between $16.99 and $18.01, which gives a possible trading interval of +/-$0.509 (+/-2.91%) up or down from last closing price. If AstroNova, Inc. takes out the full calculated possible swing range there will be an estimated 5.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.44 (0.34%) than the resistance at $17.80 (1.71%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.586 Hold/Accumulate Unchanged
Predicted Opening Price for AstroNova, Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $17.37 ( 0.762%) | $17.50 |
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 | 17.77 | 1.52 % | |
| R2 | 17.61 | 0.651 % | ||
| R1 | 17.52 | 0.111 % | ||
| Current price: | 17.50 | |||
| Support | S1 | 17.21 | -1.64 % | |
| S2 | 17.12 | -2.17 % | ||
| S3 | 16.97 | -3.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.87 | 2.11 % | |
| R2 | 17.85 | 2.00 % | ||
| R1 | 17.80 | 1.71 % | ||
| Current price | 17.50 | |||
| Support | S1 | 17.44 | -0.343% | |
| S2 | 17.36 | -0.80% | ||
| S3 | 17.14 | -2.06% |
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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