Allegheny Technologies Incorporated Stock Forecast
Green day on Tuesday for Allegheny Technologies Incorporated stock after gaining 3.04%
(Updated on Jul 02, 2024)
The Allegheny Technologies Incorporated stock price gained 3.04% on the last trading day (Tuesday, 2nd Jul 2024), rising from $54.26 to $55.91. During the last trading day the stock fluctuated 3.93% from a day low at $53.90 to a day high of $56.02. The price has been going up and down for this period, and there has been a 1.9% 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, 16 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $65.66 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $54.49 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.01% during the next 3 months and, with a 90% probability hold a price between $60.49 and $72.08 at the end of this 3-month period.
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ATI Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 4.80%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Allegheny Technologies Incorporated stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $58.17. On a fall, the stock will find some support from the short-term average at $55.36. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Allegheny Technologies Incorporated stock
Allegheny Technologies Incorporated finds support from accumulated volume at $55.45 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.12 between high and low, or 3.93%. For the last week, the stock has had daily average volatility of 3.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Allegheny Technologies Incorporated to open at $55.28, and during the day (based on 14 day Average True Range), to move between $53.94 and $57.88, which gives a possible trading interval of +/-$1.97 (+/-3.51%) up or down from last closing price. If Allegheny Technologies Incorporated takes out the full calculated possible swing range there will be an estimated 7.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $55.45 (0.82%) than the resistance at $58.09 (3.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Allegheny Technologies Incorporated stock A Buy?
Allegheny Technologies Incorporated holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.390 Sell Candidate Unchanged
Predicted Opening Price for Allegheny Technologies Incorporated of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $55.28 ( 1.13%) | $55.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 57.40 | 2.66% |
| R2 | 56.59 | 1.21% |
| R1 | 56.09 | 0.316% |
| Price | 55.91 | |
| S1 | 54.47 | -2.58% |
| S2 | 53.97 | -3.48% |
| S3 | 53.16 | -4.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 59.70 | 6.78% |
| R2 | 58.87 | 5.29% |
| R1 | 58.09 | 3.90% |
| Price | 55.91 | |
| S1 | 55.45 | -0.82% |
| S2 | 54.07 | -3.29% |
| S3 | 53.35 | -4.58% |
ATI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 05, 2016 | Aug 16, 2016 | Sep 08, 2016 | $0.0800 | 0.446% |
| 2 | May 06, 2016 | May 25, 2016 | Jun 09, 2016 | $0.0800 | 0.585% |
| 3 | Feb 26, 2016 | Mar 09, 2016 | Mar 24, 2016 | $0.0800 | 0.494% |
| 4 | Dec 10, 2015 | Dec 17, 2015 | Dec 30, 2015 | $0.0800 | 0.705% |
| 5 | Jul 30, 2015 | Aug 17, 2015 | Sep 16, 2015 | $0.180 | 0.97% |
FAQ
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