Astronics Corporation Stock Forecast
Evaluation of Astronics Corporation stock downgraded after the last trading session.
(Updated on Apr 18, 2024)
The Astronics Corporation stock price fell by -0.744% on the last day (Thursday, 18th Apr 2024) from $16.12 to $16.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.07% from a day low at $15.96 to a day high of $16.45. The price has fallen in 7 of the last 10 days and is down by -9.6% for this period. Volume has increased on the last day by 2 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, 99 thousand shares were bought and sold for approximately $1.59 million.
Given the current short-term trend, the stock is expected to fall -2.23% during the next 3 months and, with a 90% probability hold a price between $15.64 and $18.83 at the end of this 3-month period.
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ATRO 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 $16.66 and $17.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -17.99%. 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 for Astronics Corporation 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 $0.490 between high and low, or 3.07%. For the last week, the stock has had daily average volatility of 3.09%.
Astronics Corporation is oversold on RSI14 (11). 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 a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATRO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Astronics Corporation to open at $16.14, and during the day (based on 14 day Average True Range), to move between $15.45 and $16.55, which gives a possible trading interval of +/-$0.545 (+/-3.41%) up or down from last closing price. If Astronics Corporation takes out the full calculated possible swing range there will be an estimated 6.82% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $17.65, some $1.65 (10.31%) from the current price of $16.00, our system finds the risk reward not very attractive.
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: -5.266 Strong Sell Candidate Downgraded
Predicted Opening Price for Astronics Corporation of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$16.14 ( 0.85%) | $16.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATRO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.63 | 3.92 % | |
R2 | 16.44 | 2.75 % | ||
R1 | 16.32 | 2.02 % | ||
Current price: | 16.00 | |||
Support | S1 | 15.95 | -0.316 % | |
S2 | 15.83 | -1.04 % | ||
S3 | 15.65 | -2.21 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.17 | 19.81 % | |
R2 | 18.21 | 13.81 % | ||
R1 | 17.65 | 10.31 % | ||
Current price | 16.00 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
ATRO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 25, 2012 | Oct 25, 2012 | Oct 25, 2012 | $1.67 | 16.16% |
2 | Oct 02, 2008 | Oct 02, 2008 | Oct 02, 2008 | $2.04 | 31.16% |
3 | Mar 17, 2003 | Mar 17, 2003 | Mar 17, 2003 | $1.10 | 62.63% |
4 | Nov 14, 2001 | Nov 14, 2001 | Nov 14, 2001 | $1.41 | 26.85% |
5 | Oct 13, 2000 | Oct 13, 2000 | Oct 13, 2000 | $0.333 | 8.37% |
FAQ
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