Spirit Aerosystems Holdings Inc stock price ended on $26.17 on Monday after gaining 0.0765%
(Updated on Nov 27, 2023)
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The stock lies in the middle of a very wide and strong 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 39.28% during the next 3 months and, with a 90% probability hold a price between $29.42 and $42.50 at the end of this 3-month period.
SPR Signals & Forecast
The Spirit Aerosystems 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 $25.55 and $22.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, September 21, 2023, and so far it has risen 76.35%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Spirit Aerosystems Holdings Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $23.94 and $23.06. 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, Spirit Aerosystems Holdings Inc finds support just below today's level at $23.94. If this is broken, then the next support from accumulated volume will be at $23.06 and $21.16.
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 $0.500 between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 3.24%.
Our recommended stop-loss: $25.19 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 46 days ago.)
Trading Expectations (SPR) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Spirit Aerosystems Holdings Inc to open at $26.02, and during the day (based on 14 day Average True Range), to move between $25.07 and $27.27, which gives a possible trading interval of +/-$1.10 (+/-4.21%) up or down from last closing price. If Spirit Aerosystems 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 @ $23.94, some $2.23 (8.52%) from the current price of $26.17, our system finds the risk reward attractive.
Is Spirit Aerosystems 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 Spirit Aerosystems Holdings Inc stock to perform well in the short-term.
Current score: 3.669 Open Broker AccountBuy Candidate Unchanged
Predicted Opening Price for Spirit Aerosystems Holdings Inc of Tuesday, November 28, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price November 28, 2023||Current price|
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Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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