Weaker Buy Today ALGT ranks #1370 as BUY CANDIDATE #1370 Stronger Buy

ALGT stock forecast Allegiant Travel Company

ALGT stock forecast

Wednesday December 11, 2019 Change -0.48% Price $171.36
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell
Bullish vs. Bearish (3 opinions)
100%
0%
Social Sentiment 0.54

ALGT Forecast and Technical Stock Analysis


Buy candidate since 2019-10-29 Gain 2.17% PDF

Allegiant Travel Company fell by -0.48% in the last day ( Wednesday, 11th Dec 2019 ) from $172.19 to $171.36 During the day the stock fluctuated 1.23% from a day low at $171.16 to a day high of $173.27. The price has been going up and down for this period, and there has been a 1.01% 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 -42 822 shares and in total 132 806 shares bought and sold for approximately $22.76 million.

Quick summary:

  • 30 day high of the ALGT stock price was $174.92 and low was $163.64.
  • 90 day high was $174.92 and low was $143.61.
  • 52 week high for Allegiant Travel Company - $174.92 and low - $98.18.
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Trend

Allegiant Travel Company lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. A break down the bottom trend line at $169.06 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 18.74% during the next 3 months and, with 90% probability hold a price between $200.74 and $219.82 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 $170.49 and $168.44. 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 Tuesday December 10, 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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A sell signal from a double top formation was found on Tuesday December 10, 2019 and based on theory for this formation the price should fall by -5.79% to $166.36 within 8 trading days since signal was issued (Friday December 20, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 58 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 $166.18.

Support: $166.18 Price: $171.36 Resistance: $171.78

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 $2.11 (1.23%) between high and low. For the last week, the stock has had daily average volatility of 2.29%.

Our recommended stop-loss: $164.30 (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 day(s) ago.)

2.29 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

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 analysis conclusion for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate candidate.

Weaker Buy Today ALGT ranks #1370 as BUY CANDIDATE #1370 Stronger Buy
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