Air T Stock Forecast
Volatile ride for Air T stock price on Wednesday moving between $24.57 and $27.63
(Updated on Apr 24, 2024)
The Air T stock price gained 6.71% on the last trading day (Wednesday, 24th Apr 2024), rising from $25.18 to $26.87. It 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 last trading day the stock fluctuated 12.43% from a day low at $24.57 to a day high of $27.63. The price has risen in 6 of the last 10 days and is up by 16.22% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately $565.96 thousand.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $26.03, a level that may pose a second chance to hit a runner. According to fan-theory $29.59 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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AIRT Signals & Forecast
Mostly positive signals in the chart today. The Air T 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 $23.85 and $21.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 22.64%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Air T has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Air T stock
On the downside, the stock finds support just below today's level from accumulated volume at $23.12 and $21.15. 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 T finds support just below today's level at $23.12. If this is broken, then the next support from accumulated volume will be at $21.15 and $21.03.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.06 between high and low, or 12.43%. For the last week, the stock has had daily average volatility of 9.00%.
Our recommended stop-loss: $25.92 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (AIRT) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Air T to open at $26.36, and during the day (based on 14 day Average True Range), to move between $25.10 and $28.64, which gives a possible trading interval of +/-$1.77 (+/-6.57%) up or down from last closing price. If Air T takes out the full calculated possible swing range there will be an estimated 13.14% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $23.12, some $3.75 (13.96%) from the current price of $26.87, our system finds the risk reward attractive.
Is Air T stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Air T stock to perform well in the short-term period.
Current score: 8.531 Strong Buy Candidate Unchanged
Predicted Opening Price for Air T of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $26.36 ( 1.92%) | $26.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIRT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.41 | 9.45 % | |
| R2 | 28.24 | 5.11 % | ||
| R1 | 27.52 | 2.43 % | ||
| Current price: | 26.87 | |||
| Support | S1 | 25.19 | -6.26 % | |
| S2 | 24.47 | -8.94 % | ||
| S3 | 23.30 | -13.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 26.87 | |||
| Support | S1 | 23.12 | -13.96% | |
| S2 | 21.15 | -21.29% | ||
| S3 | 21.03 | -21.73% |
AIRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2013 | Jun 05, 2013 | Jun 07, 2019 | $0.200 | 1.08% |
| 2 | May 21, 2012 | Jun 06, 2012 | Jun 29, 2012 | $0.167 | 2.86% |
| 3 | May 18, 2011 | Jun 01, 2011 | Jun 24, 2011 | $0.167 | 2.82% |
| 4 | May 19, 2010 | Jun 02, 2010 | Jun 25, 2010 | $0.220 | 3.03% |
| 5 | May 19, 2009 | Jun 03, 2009 | Jun 26, 2009 | $0.220 | 3.87% |
FAQ
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