AstroNova, Inc. Stock Forecast
AstroNova, Inc. stock price down 0% on Wednesday
(Updated on Mar 27, 2024)
No changes to the price of AstroNova, Inc. stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 1.98% from a day low at $17.65 to a day high of $18.00. The price has risen in 6 of the last 10 days and is up by 6.37% over the past 2 weeks.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.83% during the next 3 months and, with a 90% probability hold a price between $17.05 and $18.82 at the end of this 3-month period.
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ALOT Signals & Forecast
The AstroNova, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $17.80 and $17.43. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -0.279%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for AstroNova, Inc. stock
AstroNova, Inc. finds support from accumulated volume at $17.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.350 (1.98%) between high and low. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: $17.19 (-3.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (ALOT) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect AstroNova, Inc. to open at $17.84, and during the day (based on 14 day Average True Range), to move between $17.40 and $18.36, which gives a possible trading interval of +/-$0.482 (+/-2.70%) up or down from last closing price. If AstroNova, Inc. takes out the full calculated possible swing range there will be an estimated 5.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.85 (0.17%) than the resistance at $17.93 (0.28%), 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?
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 AstroNova, Inc. stock to perform well in the short-term.
Current score: 2.785 Buy Candidate Unchanged
Predicted Opening Price for AstroNova, Inc. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$17.84 ( 0.205%) | $17.88 |
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 | 18.19 | 1.75 % | |
R2 | 18.06 | 1.00 % | ||
R1 | 17.98 | 0.543 % | ||
Current price: | 17.88 | |||
Support | S1 | 17.71 | -0.95 % | |
S2 | 17.63 | -1.41 % | ||
S3 | 17.49 | -2.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.00 | 0.671 % | |
R2 | 17.97 | 0.503 % | ||
R1 | 17.93 | 0.280 % | ||
Current price | 17.88 | |||
Support | S1 | 17.85 | -0.168% | |
S2 | 17.22 | -3.69% | ||
S3 | 17.14 | -4.14% |
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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