Sun Country Airlines Holdings, Inc. Stock Forecast

Buy or Hold candidate since Jan 06, 2025 Gain 7.51%

The Sun Country Airlines Holdings, Inc. stock price gained 1.25% on the last trading day (Friday, 17th Jan 2025), rising from $15.98 to $16.18. During the last trading day the stock fluctuated 2.40% from a day low at $15.81 to a day high of $16.19. The price has risen in 6 of the last 10 days and is up by 11.36% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 474 thousand shares were bought and sold for approximately $7.67 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $16.38 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 17.10% during the next 3 months and, with a 90% probability hold a price between $17.06 and $19.18 at the end of this 3-month period.

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SNCY Signals & Forecast

The Sun Country Airlines Holdings, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $15.97 and $14.99. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Friday, January 10, 2025, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Sun Country Airlines Holdings, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $15.10 and $15.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sun Country Airlines Holdings, Inc. finds support just below today's level at $15.10. If this is broken, then the next support from accumulated volume will be at $15.00 and $14.42.

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 $0.380 between high and low, or 2.40%. For the last week, the stock has had daily average volatility of 4.18%.

Our recommended stop-loss: $15.57 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (SNCY) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Sun Country Airlines Holdings, Inc. to open at $16.06, and during the day (based on 14 day Average True Range), to move between $15.50 and $16.86, which gives a possible trading interval of +/-$0.681 (+/-4.21%) up or down from last closing price. If Sun Country Airlines Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 8.41% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $15.10, some $1.08 (6.67%) from the current price of $16.18, our system finds the risk reward attractive.

Is Sun Country Airlines Holdings, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sun Country Airlines Holdings, Inc. stock to perform well in the short-term.

Current score: 2.415 Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on January 21, 2025 - $16.06 ( 0.742%).