Bullish vs. Bearish (3 opinions)
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.
- 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.
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.
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.
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.
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
Very Low Low Medium High Very High
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.
|ALGT $171.36 ($-0.83 -0.48%)|
ALGT is down $0.83 today, but where's it headed in 2020?
|Zacks Investment Research is releasing its prediction for ALGT based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the ALGT analysis is free »
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!