Stronger Sell Today ALGT ranks #5484 as SELL CANDIDATE #5484 Weaker Sell

Allegiant Travel Company stock forecast

ALGT stock forecast

VOLUME
Sell
TREND
Buy
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Social Sentiment for ALGT

Today's data is from 1 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
100%
0%
Weighted Sentiment 0.00

Will ALGT stock price go up or down on Mon, 17 Jun 2019?

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Allegiant Travel Company Forecast and Stock Analysis

Technical ALGT stock analysis for Friday June 14, 2019.

Sell candidate since 2019-06-14


Allegiant Travel Company fell by -2.73% in the last day ( Friday, 14th Jun 2019 ) from $145.97 to $141.99 During day the stock fluctuated 4.31% from a day low at $141.21 to a day high of $147.29. The price has risen in 6 of the last 10 days and is up by 1.34% 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 -72 850 shares and in total 95 474 shares bought and sold for approximately $13.56 million.

Quick summary:

  • 30 day high of the ALGT stock price was $148.69 and low was $137.55.
  • 90 day high was $148.80 and low was $120.91.
  • 52 week high for the Allegiant Travel Company - $150.40 and low - $98.18.

Trend

Allegiant Travel Company lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $139.99 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 14.59% during the next 3 months and, with 90% probability hold a price between $160.41 and $179.25 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Allegiant Travel Company holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $143.09 and $143.41. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday June 13, 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 Thursday June 13, 2019 and based on theory for this formation the price should fall by -10.75% to $135.53 within 16 trading days since signal was issued (Monday July 08, 2019).

Relative Strength Index (RSI)

RSI14 is 50 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Allegiant Travel Company finds support from accumulated volume at $139.98.

Support: $139.98 Price: $141.99 Resistance: $142.36

Risk

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 $6.08 (4.31%) between high and low. For the last week, the stock has had a daily average volatility of 2.99%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

2.99 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

The Allegiant Travel Company stock holds several negative signals and despite the positive trend we believe Allegiant Travel Company will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Sell Candidate.

Strong Sell Candidate Downgraded
Stronger Sell Today ALGT ranks #5484 as SELL CANDIDATE #5484 Weaker Sell

Will ALGT stock price go up or down on Mon, 17 Jun 2019?

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