Air Methods Corporation Fund Forecast
Air Methods Corporation fund upgraded to Hold/Accumulate.
(Updated on Apr 27, 2017)
No changes to the price of Air Methods Corporation fund on the last trading day (Thursday, 27th Apr 2017). During the last trading day the fund fluctuated 0% from a day low at $42.95 to a day high of $42.95. The price has been going up and down for this period, and there has been a -0.12% loss for the last 2 weeks.
The fund lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $42.47 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the fund is expected to rise 17.63% during the next 3 months and, with a 90% probability hold a price between $49.96 and $55.92 at the end of this 3-month period.
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AIRM Signals & Forecast
The Air Methods Corporation fund holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the fund giving a positive forecast for the stock. On further gains, the fund will meet resistance from the short-term Moving Average at approximately $42.96. On a fall, the fund will find some support from the long-term average at approximately $42.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, March 22, 2017, and so far it has risen 0.117%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Methods Corporation fund
Air Methods Corporation finds support from accumulated volume at $42.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: $40.43 (-5.87%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (AIRM) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Air Methods Corporation to open at $42.95, and during the day (based on 14 day Average True Range), to move between $42.72 and $43.18, which gives a possible trading interval of +/-$0.233 (+/-0.54%) up or down from last closing price. If Air Methods Corporation takes out the full calculated possible swing range there will be an estimated 1.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $43.00 (0.12%) than the support at $42.90 (0.12%), 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 Methods Corporation fund A Buy?
Air Methods Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this fund since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.210 Hold/Accumulate Upgraded
Predicted Opening Price for Air Methods Corporation of Friday, April 28, 2017
| Fair opening price April 28, 2017 | Current price |
|---|---|
| $42.95 ( 0.00000000%) | $42.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIRM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.95 | 0.00000000 % | |
| R2 | 42.95 | 0.00000000 % | ||
| R1 | 42.95 | 0.00000000 % | ||
| Current price: | 42.95 | |||
| Support | S1 | 42.95 | 0.00000000 % | |
| S2 | 42.95 | 0.00000000 % | ||
| S3 | 42.95 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.20 | 0.582 % | |
| R2 | 43.05 | 0.233 % | ||
| R1 | 43.00 | 0.116 % | ||
| Current price | 42.95 | |||
| Support | S1 | 42.90 | -0.116% | |
| S2 | 38.65 | -10.01% | ||
| S3 | 38.40 | -10.59% |
FAQ
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