AstroNova, Inc. Stock Forecast
Red day on Monday for AstroNova, Inc. stock after losing 3.06%
(Updated on Apr 15, 2024)
The AstroNova, Inc. stock price fell by -3.06% on the last day (Monday, 15th Apr 2024) from $17.30 to $16.77. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.01% from a day low at $16.57 to a day high of $17.40. The price has fallen in 6 of the last 10 days and is down by -3.4% for this period. Volume has increased on the last day by 9 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 thousand shares were bought and sold for approximately $257.39 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AstroNova, Inc. stock with a 90% probability to be traded between $16.34 and $17.79 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
ALOT Signals & Forecast
There are few to no technical positive signals at the moment. The AstroNova, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $17.51 and $17.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -6.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). AstroNova, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
A sell signal from a double top formation was found on Friday, March 22, 2024 and based on theory for this formation the price should fall by -0.750% to $16.64 within 34 trading days since signal was issued (Tuesday, April 16, 2024).
Support, Risk & Stop-loss for AstroNova, Inc. stock
AstroNova, Inc. finds support from accumulated volume at $16.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.83 between high and low, or 5.01%. For the last week the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALOT) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect AstroNova, Inc. to open at $16.91, and during the day (based on 14 day Average True Range), to move between $16.26 and $17.28, which gives a possible trading interval of +/-$0.511 (+/-3.05%) up or down from last closing price. If AstroNova, Inc. takes out the full calculated possible swing range there will be an estimated 6.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.49 (1.67%) than the resistance at $17.22 (2.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AstroNova, Inc. stock A Buy?
AstroNova, Inc. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.091 Sell Candidate Unchanged
Predicted Opening Price for AstroNova, Inc. of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $16.91 ( 0.85%) | $16.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALOT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.74 | 5.80 % | |
| R2 | 17.43 | 3.91 % | ||
| R1 | 17.23 | 2.75 % | ||
| Current price: | 16.77 | |||
| Support | S1 | 16.60 | -1.04 % | |
| S2 | 16.40 | -2.20 % | ||
| S3 | 16.08 | -4.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.00 | 7.33 % | |
| R2 | 17.85 | 6.44 % | ||
| R1 | 17.22 | 2.68 % | ||
| Current price | 16.77 | |||
| Support | S1 | 16.49 | -1.67% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ALOT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 12, 2020 | Mar 25, 2020 | Apr 02, 2020 | $0.0700 | 1.01% |
| 2 | Dec 03, 2019 | Dec 18, 2019 | Dec 26, 2019 | $0.0700 | 0.511% |
| 3 | Aug 28, 2019 | Sep 13, 2019 | Sep 24, 2019 | $0.0700 | 0.453% |
| 4 | Jun 06, 2019 | Jun 18, 2019 | Jun 26, 2019 | $0.0700 | 0.270% |
| 5 | Jun 05, 2019 | Jun 14, 2019 | Jun 24, 2019 | $0.0700 | 0.273% |
FAQ
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