Previous Hold Today ALGT ranks #1375 as HOLD CANDIDATE #1375 Next Hold

ALGT stock forecast Allegiant Travel Company

ALGT stock forecast

VOLUME
Buy
TREND
Buy
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

ALGT Forecast and Technical Stock Analysis

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Hold candidate since 2019-08-16 Loss -0.54%

Allegiant Travel Company fell by -0.54% in the last day ( Monday, 19th Aug 2019 ) from $142.81 to $142.04 During the day the stock fluctuated 2.16% from a day low at $141.90 to a day high of $144.96. The price has fallen in 6 of the last 10 days and is down by -2.52% for this period. Volume has increased in the last day by 74 529 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 145 919 shares bought and sold for approximately $20.73 million.

Quick summary:

  • 30 day high of the ALGT stock price was $157.50 and low was $140.51.
  • 90 day high was $157.50 and low was $133.62.
  • 52 week high for Allegiant Travel Company - $157.50 and low - $98.18.
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Trend

Allegiant Travel Company lies in the middle of a wide and weak 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 4% during the next 3 months and, with 90% probability hold a price between $143.61 and $160.30 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Thursday August 15, 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. Allegiant Travel Company 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 $142.95 and $146.34. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 26 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

Allegiant Travel Company finds support from accumulated volume at $142.00.

Support: $142.00 Price: $142.04 Resistance: $143.89

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.06 (2.16%) between high and low. For the last week, the stock has had daily average volatility of 1.81%.

Our recommended stop-loss: $134.28 (-5.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

1.81 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

Allegiant Travel Company holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.

Previous Hold Today ALGT ranks #1375 as HOLD CANDIDATE #1375 Next Hold

Will ALGT stock price go up or down on Wed, 21 Aug 2019?

Golden Star Signal

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