Weaker Buy Today ALGT ranks #2213 as BUY CANDIDATE. Stronger Buy
Today ALGT ranks #2213 as BUY CANDIDATE.

ALGT stock Allegiant Travel Company

ALGT stock
Allegiant Travel Company

February 15, 2019
Change -0.38%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will ALGT stock price go up or down on Tue, 19 Feb 2019?

Allegiant Travel Company Forecast and Stock Analysis

Technical ALGT stock analysis for February 15, 2019.

Buy candidate since 2019-01-25 Gain 14.31%
Shorts n/a
Cash n/a
Loans n/a
Beta 0.89
ROA 7.65

Allegiant Travel Company fell by -0.38% in the last day from $139.74 to $139.21 The price has been going up and down for this period, and there has been a 2.47% gain for the last 2 weeks. 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 -53 238 shares and in total 100 782 shares bought and sold for approximately $14.03 million.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the ALGT stock was $139.21. This is 0.38% less than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 1.97% from a day low at $139.00 to a day high of $141.74.

30 day high of the ALGT stock price was $141.74 and low was $118.48.
90 day high was $141.74 and low was $98.18.
52 week high for the Allegiant Travel Company - $181.45 and low - $98.18.

Trend

Allegiant Travel Company lies in the upper part of a very wide and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $146.26 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 9.51% during the next 3 months and, with 90% probability hold a price between $117.17 and $160.17 at the end of this period.

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Signals

Allegiant Travel Company 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 $137.45 and $122.67. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday February 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 78 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Allegiant Travel Company finds support from accumulated volume at $135.85.

Support: $135.85 Price: $139.21 Resistance: $139.74

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.74 between high and low, or 1.97%. For the last week, the stock has had a daily average volatility of 2.09%.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stoploss: $133.30 (-4.24%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. 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 Buy Candidate.

Weaker Buy Today ALGT ranks #2213 as BUY CANDIDATE. Stronger Buy
Today ALGT ranks #2213 as BUY CANDIDATE.