Air T Forecast and Stock Analysis
Technical AIRT stock analysis for March 21, 2019.
Air T fell by -5.49% in the last day from $31.90 to $30.15 The price has fallen in 5 of the last 10 days and is down by -2.74% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -6 284 shares and in total 1 032 shares bought and sold for approximately $31 114.80.
Close price at the end of the last trading day (Thursday, 21st Mar 2019) of the AIRT stock was $30.15. This is 5.49% less than the trading day before Wednesday, 20th Mar 2019.
During day the stock fluctuated 10.82% from a day low at $29.57 to a day high of $32.77.
30 day high of the AIRT stock price was $34.14 and low was $28.27.
90 day high was $34.14 and low was $22.43.
52 week high for the Air T - $44.29 and low - $22.43.
Air T lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $28.64 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17% during the next 3 months and, with 90% probability hold a price between $33.51 and $42.59 at the end of this period.
There are few to none technical positive signals at the moment. Air T holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $30.55 and $30.56. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday March 20, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Air T finds support from accumulated volume at $30.00.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Air T stock holds several negative signals and despite the positive trend we believe Air T will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Sell Candidate.