Altra Industrial Motion Corp. Forecast and Stock Analysis
Technical AIMC stock analysis for February 21, 2019.
| Shorts | n/a |
| Cash | n/a |
| Loans | n/a |
| Beta | 1.86 |
| ROA | 5.77 |
Altra Industrial Motion Corp. gained 1.79% in the last trading day, rising from $32.99 to $33.58 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 10.06% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.63 million more shares were traded than the day before. In total, 1.40 million shares bought and sold for approximately $47.01 million.
Close price at the end of the last trading day (Thursday, 21st Feb 2019) of the AIMC stock was $33.58. This is 1.79% more than the trading day before Wednesday, 20th Feb 2019.
During day the stock fluctuated 24.87% from a day low at $28.71 to a day high of $35.85.
30 day high of the AIMC stock price was $35.85 and low was $27.72.
90 day high was $35.85 and low was $23.52.
52 week high for the Altra Industrial Motion Corp. - $48.25 and low - $23.52.
Trend
Altra Industrial Motion Corp. has broken the very wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $33.06, a level that may pose a second chance to hit a runner. According to fan-theory $40.22 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
Signals
Only positive signals in the chart today. Altra Industrial Motion Corp. holds buy signals from both short- and long-term moving averages. In addition, 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 $31.96 and $29.31. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 08, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 69 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $28.14 and $26.67.
There is 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, Altra Industrial Motion Corp. finds support just below today's level at $28.14. If this is broken, then the next support from accumulated volume will be at $26.67 and $26.22.
Risk
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $7.14 between high and low, or 24.87%. For the last week, the stock has had a daily average volatility of 7.07%.
Our recommended stoploss: $32.20 (-4.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 8 days ago.)
Overall risk:
Very Low Low Medium High Very High
Evaluation: Strong Buy Candidate
Altra Industrial Motion Corp. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
