Spirit Aerosystems Holdings Inc Stock Forecast
Is Spirit Aerosystems Holdings Inc stock still a buy after falling -6.11% on Wednesday?
(Updated on May 08, 2024)
The Spirit Aerosystems Holdings Inc stock price fell by -6.11% on the last day (Wednesday, 8th May 2024) from $32.91 to $30.90. During the last trading day the stock fluctuated 5.09% from a day low at $30.82 to a day high of $32.39. The price has risen in 6 of the last 10 days but is still down by -2.03% for this period. Volume has increased on the last day by 550 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, 4 million shares were bought and sold for approximately $122.39 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $32.81. A reaction back to this level may hold a second chance to get out before further falls.
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SPR Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Spirit Aerosystems Holdings Inc 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 $32.41 and $33.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -14.33%. Further fall is indicated until a new bottom pivot has been found. 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 Spirit Aerosystems Holdings Inc stock
Spirit Aerosystems Holdings Inc finds support from accumulated volume at $29.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.57 (5.09%) between high and low. For the last week, the stock has had daily average volatility of 4.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SPR) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Spirit Aerosystems Holdings Inc to open at $31.37, and during the day (based on 14 day Average True Range), to move between $29.57 and $32.23, which gives a possible trading interval of +/-$1.33 (+/-4.29%) 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 8.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.77 (2.82%) than the support at $29.93 (3.14%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Spirit Aerosystems Holdings Inc stock A Buy?
The Spirit Aerosystems Holdings Inc stock holds several negative signals and despite the positive trend, we believe Spirit Aerosystems Holdings Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.369 Sell Candidate Unchanged
Predicted Opening Price for Spirit Aerosystems Holdings Inc of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $31.37 ( 1.52%) | $30.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.94 | 6.60 % | |
| R2 | 32.34 | 4.66 % | ||
| R1 | 31.97 | 3.46 % | ||
| Current price: | 30.90 | |||
| Support | S1 | 30.77 | -0.420 % | |
| S2 | 30.40 | -1.62 % | ||
| S3 | 29.80 | -3.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.34 | 11.13 % | |
| R2 | 32.98 | 6.73 % | ||
| R1 | 31.77 | 2.82 % | ||
| Current price | 30.90 | |||
| Support | S1 | 29.93 | -3.14% | |
| S2 | 29.86 | -3.37% | ||
| S3 | 29.12 | -5.76% |
SPR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 13, 2022 | Sep 09, 2022 | Oct 03, 2022 | $0.0100 | 0.0437% |
| 2 | Apr 26, 2022 | Jun 15, 2022 | Jul 07, 2022 | $0.0100 | 0.0323% |
| 3 | Jan 26, 2022 | Mar 17, 2022 | Apr 08, 2022 | $0.0100 | 0.0232% |
| 4 | Oct 26, 2021 | Dec 10, 2021 | Jan 03, 2022 | $0.0100 | 0.0223% |
| 5 | Jul 27, 2021 | Sep 10, 2021 | Oct 04, 2021 | $0.0100 | 0.0214% |
FAQ
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