AIMC stock forecast
Bullish vs. Bearish (2 opinions)
Social Sentiment 0.64
Altra Industrial Motion Corp. gained 2.63% in the last trading day ( Wednesday, 11th Dec 2019 ), rising from $33.41 to $34.29 During the day the stock fluctuated 2.17% from a day low at $33.58 to a day high of $34.31. The price has been going up and down for this period, and there has been a 2.66% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 32 237 more shares were traded than the day before. In total, 249 865 shares bought and sold for approximately $8.57 million.
Quick summary:
- 30 day high of the AIMC stock price was $34.31 and low was $32.14.
- 90 day high was $34.31 and low was $24.70.
- 52 week high for Altra Industrial Motion Corp. - $38.15 and low - $23.52.
Trend
Altra Industrial Motion Corp. lies in the middle of a 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 28.37% during the next 3 months and, with 90% probability hold a price between $39.95 and $47.83 at the end of this period.
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 $33.37 and $32.70. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday December 03, 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 63 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Altra Industrial Motion Corp. finds support from accumulated volume at $33.40.
Risk
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 $0.73 (2.17%) between high and low. For the last week, the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: $32.77 (-4.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 6 days ago.)
1.64 %
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.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Latest AIMC News
Here's Why Investors Should Steer Clear of Altra Industrial
07:55am, Wednesday, 13'th Nov 2019
Altra Industrial Motion (AIMC) Tops Q3 Earnings and Revenue Estimates
12:35pm, Thursday, 24'th Oct 2019
Altra Industrial Motion (AIMC) Reports Next Week: Wall Street Expects Earnings Growth
02:33pm, Thursday, 17'th Oct 2019
Reasons Why Investors Should Avoid Altra Industrial Stock Now
01:22pm, Wednesday, 18'th Sep 2019
Why Is Altra (AIMC) Down 14.9% Since Last Earnings Report?
01:31pm, Saturday, 24'th Aug 2019
Altra Industrial (AIMC) Q2 Earnings & Sales Miss, View Down
09:02am, Friday, 26'th Jul 2019Proudly made at
