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Astronics Corporation Stock Forecast NASDAQ:ATRO

$11.42 (-7.15%)

Volume: 182k

Closed: Nov 26, 2021

Hollow Logo Score: -6.361

Astronics Corporation Stock Forecast

$11.42 (-7.15%)

Volume: 182k

Closed: Nov 26, 2021

Score Hollow Logo -6.361
Which way will ATRO go? Request
Key Stats
P/E Ratio -6.07
Beta 1.61
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 6 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Is Astronics Corporation stock still a buy after falling -7.15% on Friday ?
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-19 Loss -10.08%

The Astronics Corporation stock price fell by -7.15% on the last day (Friday, 26th Nov 2021) from $12.30 to $11.42. and has now fallen 11 days in a row. During the day the stock fluctuated 7.96% from a day low at $10.81 to a day high of $11.67. The price has fallen in 10 of the last 10 days and is down by -20.91% for this period. Volume has increased on the last day by 95 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, 182 thousand shares were bought and sold for approximately $2.08 million.

The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($12.33) are considered to be a "second chance" to get out. According to the fan-theory $10.05 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The Astronics Corporation 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 $12.58 and $13.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -21.51%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

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 $0.86 between high and low, or 7.96%. For the last week, the stock has had a daily average volatility of 4.61%.

Astronics Corporation is oversold on RSI14 (6). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Astronics Corporation stock A Buy?

Astronics Corporation 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 Sell to a Strong Sell candidate.

Current score: -6.361

Predicted Opening Price for Astronics Corporation of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$11.30 $11.42 (Overvalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

On Sep 20, 2021 "Colliers Securities" gave "$19.00" rating for ATRO. The price target was changed from $12.61 to 2.7%.

Volatility and Risk
Daily Average Volatility: 4.61 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.61 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $12.61
Price: $11.42
No Support Found

ATRO Insider Trading Show all Trades

INSIDER POWER

3.573

Last 100 transactions
Buy: 508 202 | Sell: 142 238 (Shares)
Date Action Amount Person Type
Sep 30, 2021 Buy 3 157 Burney David C $.01 PV COMMON STOCK
Sep 30, 2021 Buy 3 157 Hedges Nancy L $.01 PV Common Stock
Sep 30, 2021 Buy 3 157 Kramer James S $.01 PV Common Stock
Sep 30, 2021 Buy 3 157 Mulato James $.01 PV Common Stock
Sep 30, 2021 Buy 772 Kuehn Michael C $.01 PV Com Stk
Show all Insider Trades
INSIDER POWER

3.573

Last 100 transactions
Buy: 508 202 | Sell: 142 238 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 12.16 6.48 %
11.83 3.60 %
11.63 1.83 %
Current price: 11.42
Support 10.97 -3.93 %
10.77 -5.70 %
10.44 -8.58 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 14.24 24.69 %
13.66 19.61 %
12.61 10.42 %
Current price 11.42
Support 0 .
0 .
0 .

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About Astronics Corporation

Astronics Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; and system certification and other products. This segment serves ai... Read more

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