Altra Industrial Motion Corp. Forecast and Stock Analysis
Technical AIMC stock analysis for Friday June 14, 2019.
Altra Industrial Motion Corp. fell by -2.36% in the last day ( Friday, 14th Jun 2019 ) from $36.46 to $35.60 During day the stock fluctuated 2.83% from a day low at $35.33 to a day high of $36.33. The price has risen in 8 of the last 10 days and is up by 13.48% over the past 2 weeks. Volume has increased in the last day by 130 625 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 660 519 shares bought and sold for approximately $23.51 million.
Quick summary:
- 30 day high of the AIMC stock price was $36.63 and low was $31.09.
- 90 day high was $38.15 and low was $29.43.
- 52 week high for the Altra Industrial Motion Corp. - $46.35 and low - $23.52.
Trend
Altra Industrial Motion Corp. 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 8.94% during the next 3 months and, with 90% probability hold a price between $34.73 and $43.01 at the end of this period.
Signals
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 $34.99 and $34.81. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday June 13, 2019, which indicates further falls 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.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
Altra Industrial Motion Corp. finds support from accumulated volume at $34.37.
Risk
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.00 (2.83%) between high and low. For the last week, the stock has had a daily average volatility of 3.55%.
Our recommended stoploss: $34.16 (-4.06%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)
3.55 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation:
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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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