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Weaker Hold
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Air Transport Services Group Stock Forecast NASDAQ:ATSG

$27.04 (-3.91%)

Volume: 278k

Closed: Nov 26, 2021

Hollow Logo Score: 0.553

Air Transport Services Group Stock Forecast

$27.04 (-3.91%)

Volume: 278k

Closed: Nov 26, 2021

Score Hollow Logo 0.553
Which way will ATSG go? Request
Stop-loss: $25.85 (-4.39%)
Key Stats
P/E Ratio 10.45
Beta 0.85
* 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 55 and the stock is currently not being overbought or oversold

Evaluation of Air Transport Services Group stock downgraded after the last trading session.
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-11-03 Gain 3.17%

The Air Transport Services Group stock price fell by -3.91% on the last day (Friday, 26th Nov 2021) from $28.14 to $27.04. During the day the stock fluctuated 5.51% from a day low at $26.13 to a day high of $27.57. The price has risen in 8 of the last 10 days, but is still down by -0.15% for this period. Volume has increased on the last day by 46 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, 278 thousand shares were bought and sold for approximately $7.53 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.3% during the next 3 months and, with a 90% probability hold a price between $24.66 and $28.80 at the end of this 3-month period.

Signals & Forecast

The Air Transport Services Group stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $27.62. On a fall, the stock will find some support from the long-term average at approximately $25.83. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, November 24, 2021, and so far it has fallen -3.91%. 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

Air Transport Services Group finds support from accumulated volume at $26.91 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 $1.44 between high and low, or 5.51%. For the last week, the stock has had a daily average volatility of 2.42%.

Our recommended stop-loss: $25.85 (-4.39%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 days ago.)

Is Air Transport Services Group stock A Buy?

Air Transport Services Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.553

Predicted Opening Price for Air Transport Services Group 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
$26.91 $27.04 (Overvalued)
Hold/Accumulate Downgraded

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Analyst Ratings

On Feb 17, 2021 "Susquehanna Bancshares" gave "Positive" rating for ATSG. The price target was changed from $33.00 to $35.00.

Volatility and Risk
Daily Average Volatility: 2.42 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.42 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $27.12
Price: $27.04
Support: $26.91

ATSG Insider Trading Show all Trades

INSIDER POWER

15.380

Last 100 transactions
Buy: 16 714 240 | Sell: 1 086 727 (Shares)
Date Action Amount Person Type
Nov 19, 2021 Buy 584 567 Amazon Com Inc Warrant (Right to Purchase Common Stock)
Nov 12, 2021 Sell 1 100 Smethwick Edward Russell Common Stock
Nov 08, 2021 Sell 11 805 Crippen Jeffrey C. Common Stock
Nov 08, 2021 Sell 2 935 Orcutt Daniel J. Common Stock
Oct 05, 2021 Buy 584 567 Amazon Com Inc Warrant (Right to Purchase Common Stock)
Show all Insider Trades
INSIDER POWER

15.380

Last 100 transactions
Buy: 16 714 240 | Sell: 1 086 727 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 28.35 4.86 %
27.80 2.82 %
27.46 1.57 %
Current price: 27.04
Support 26.36 -2.50 %
26.02 -3.76 %
25.47 -5.79 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 27.39 1.29 %
27.18 0.52 %
27.12 0.30 %
Current price 27.04
Support 26.91 -0.48%
26.84 -0.74%
26.28 -2.81%

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About Air Transport Services Group

Air Transport Services Group Air Transport Services Group, Inc., through its subsidiaries, provides aircraft leasing, airline operations, and aircraft maintenance and other support services to the air cargo transportation and package delivery industries in the United States and internationally. The company owns and leases cargo aircraft, such as Boeing 767, 757, and 737 aircraft to airlines and other customers. It also provides airline operations to delivery companies, airli... Read more

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