Allegiant Travel Company Forecast and Stock Analysis
Technical ALGT stock analysis for April 24, 2019.
Allegiant Travel Company gained 0.76% in the last trading day, rising from $132.13 to $133.13 , and has now gained 3 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. The price has fallen in 6 of the last 10 days and is down by -0.55% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 80 110 more shares were traded than the day before. In total, 213 322 shares bought and sold for approximately $28.40 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the ALGT stock was $133.13. This is 0.76% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 2.78% from a day low at $130.53 to a day high of $134.15.
30 day high of the ALGT stock price was $139.15 and low was $120.91.
90 day high was $142.97 and low was $119.94.
52 week high for the Allegiant Travel Company - $165.00 and low - $98.18.
Given the current horizontal trend you can expect Allegiant Travel Company with 90% probability to be traded between $119.94 and $138.48 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. 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 $132.55 and $130.07. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday April 22, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
Allegiant Travel Company finds support from accumulated volume at $130.00.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $3.63 (2.78%) between high and low. For the last week, the stock has had a daily average volatility of 2.52%.
Our recommended stoploss: $125.65 (-5.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
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Evaluation: Buy Candidate
Several short-term signals 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 period.
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|ALGT $133.13 ($1.00 0.76%)|
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