Air Industries Group Stock Forecast
Air Industries Group stock price down 0% on Wednesday
(Updated on Mar 27, 2024)
No changes to the price of Air Industries Group stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 2.27% from a day low at $4.83 to a day high of $4.94. The price has risen in 7 of the last 10 days and is up by 20.74% over the past 2 weeks.
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 39.70% during the next 3 months and, with a 90% probability hold a price between $6.02 and $7.74 at the end of this 3-month period.
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AIRI Signals & Forecast
The Air Industries Group 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 $4.81 and $4.48. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, February 26, 2024, and so far it has fallen -1.61%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Air Industries Group stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.43 and $4.15. 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, Air Industries Group finds support just below today's level at $4.43. If this is broken, then the next support from accumulated volume will be at $4.15 and $3.90.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.110 between high and low, or 2.27%. For the last week the stock has had daily average volatility of 4.98%.
Our recommended stop-loss: $4.72 (-3.46%) (This stock has high daily movements and this gives high risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (AIRI) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Air Industries Group to open at $4.89, and during the day (based on 14 day Average True Range), to move between $4.60 and $5.18, which gives a possible trading interval of +/-$0.291 (+/-5.96%) up or down from last closing price. If Air Industries Group takes out the full calculated possible swing range there will be an estimated 11.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.94 (0.92%) than the support at $4.43 (9.42%), 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 Air Industries Group 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 Air Industries Group stock to perform well in the short-term.
Current score: 3.013 Buy Candidate Unchanged
Predicted Opening Price for Air Industries Group of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$4.89 ( 0.0695%) | $4.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIRI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.00 | 2.18 % | |
R2 | 4.95 | 1.32 % | ||
R1 | 4.93 | 0.788 % | ||
Current price: | 4.89 | |||
Support | S1 | 4.84 | -0.93 % | |
S2 | 4.82 | -1.46 % | ||
S3 | 4.78 | -2.31 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 4.97 | 1.64 % | ||
R1 | 4.94 | 0.92 % | ||
Current price | 4.89 | |||
Support | S1 | 4.43 | -9.42% | |
S2 | 4.15 | -15.13% | ||
S3 | 3.90 | -20.25% |
AIRI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 12, 2015 | Nov 19, 2015 | Dec 01, 2015 | $1.50 | 1.84% |
2 | Jul 23, 2015 | Jul 30, 2015 | Aug 12, 2015 | $1.50 | 1.69% |
3 | Apr 02, 2015 | Apr 09, 2015 | Apr 24, 2015 | $1.50 | 1.41% |
4 | Dec 19, 2014 | Dec 30, 2014 | Jan 15, 2015 | $1.50 | 1.50% |
5 | Oct 10, 2014 | Oct 16, 2014 | Nov 03, 2014 | $1.50 | 1.24% |
FAQ
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