Weaker Buy Today ALGT ranks #716 as BUY CANDIDATE #716 Stronger Buy

ALGT stock forecast Allegiant Travel Company

ALGT stock forecast

Monday October 14, 2019 Change -0.07% Price $149.92
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell
Bullish vs. Bearish (8 opinions)
100%
0%
Social Sentiment 0.08

ALGT Forecast and Technical Stock Analysis


Buy candidate since 2019-09-23 Loss -0.11% PDF

Allegiant Travel Company fell by -0.07% in the last day ( Monday, 14th Oct 2019 ) from $150.02 to $149.92 During the day the stock fluctuated 1.97% from a day low at $149.20 to a day high of $152.14. The price has risen in 6 of the last 10 days and is up by 0.17% over the past 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 -56 489 shares and in total 56 662 shares bought and sold for approximately $8.49 million.

Quick summary:

  • 30 day high of the ALGT stock price was $153.60 and low was $143.61.
  • 90 day high was $157.50 and low was $136.87.
  • 52 week high for Allegiant Travel Company - $157.50 and low - $98.18.
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Trend

Allegiant Travel Company is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Allegiant Travel Company with a 90% probability to be traded between $142.67 and $157.66 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.

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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 $148.85 and $147.78. 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 Friday October 11, 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 52 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 $148.77.

Support: $148.77 Price: $149.92 Resistance: $151.21

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 $2.94 (1.97%) between high and low. For the last week, the stock has had daily average volatility of 2.05%.

Our recommended stop-loss: $143.79 (-4.09%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 day(s) ago.)

2.05 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

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.

Weaker Buy Today ALGT ranks #716 as BUY CANDIDATE #716 Stronger Buy
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