AIRT Forecast and Technical Stock Analysis
Hold candidate since 2019-11-21 PDF
Air T gained 13.95% in the last trading day ( Thursday, 21st Nov 2019 ), rising from $21.50 to $24.50 , and has now gained 4 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. During the day the stock fluctuated 11.62% from a day low at $21.95 to a day high of $24.50. The price has risen in 7 of the last 10 days and is up by 45.24% over the past 2 weeks. Volume fell in the last day by -725 shares and in total, 1 697 shares bought and sold for approximately $41 576.50. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the AIRT stock price was $24.50 and low was $16.87.
- 90 day high was $24.50 and low was $12.51.
- 52 week high for Air T - $34.14 and low - $12.51.
Air T 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 $22.69, a level that may pose a second chance to hit a runner. According to fan-theory $29.30 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
Air T 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 $20.26 and $19.17. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday November 06, 2019, which indicates further gains 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 79 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
On the downside, the stock finds support just below today's level from accumulated volume at $21.36 and $20.59.
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, Air T finds support just below today's level at $21.36. If this is broken, then the next support from accumulated volume will be at $20.59 and $18.78.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $2.55 between high and low, or 11.62%. For the last week the stock has had a daily average volatility of 6.68%.
Our recommended stop-loss: $23.55 (-3.87%) (This stock has high daily movements and this gives high risk. There is a buy signal from pivot bottom found 11 days ago.)
6.68 %Average volatility
Very Low Low Medium High Very High
Air T holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
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!