ATSG Forecast and Technical Stock Analysis
Hold candidate since 2019-09-20 PDF
Air Transport Services Group fell by -0.91% in the last day ( Friday, 20th Sep 2019 ) from $21.94 to $21.74 During the day the stock fluctuated 3.81% from a day low at $21.26 to a day high of $22.07. The price has risen in 6 of the last 10 days and is up by 3.97% over the past 2 weeks. Volume has increased in the last day by 205 017 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 501 271 shares bought and sold for approximately $10.90 million.
- 30 day high of the ATSG stock price was $23.12 and low was $19.01.
- 90 day high was $24.62 and low was $19.01.
- 52 week high for Air Transport Services Group - $25.82 and low - $17.06.
Air Transport Services Group lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $22.32 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.79% during the next 3 months and, with 90% probability hold a price between $15.84 and $19.24 at the end of this period.
Air Transport Services Group holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $22.00. On a fall, the stock will find some support from the long-term average at approximately $20.81. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday September 17, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 66 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
Air Transport Services Group finds support from accumulated volume at $21.71.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.81 between high and low, or 3.81%. For the last week, the stock has had a daily average volatility of 3.69%.
Our recommended stop-loss: $20.64 (-5.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
3.69 %Average volatility
Very Low Low Medium High Very High
Air Transport Services Group holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. 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 Hold/Accumulate.
|ATSG $21.74 ($-0.20 -0.91%)|
ATSG is down $0.20 today, but where's it headed in 2019?
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