RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ATSG
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Air Transport Services Group stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Air Transport Services Group stock price gained 4.43% on the last trading day (Wednesday, 27th Mar 2024), rising from $13.21 to $13.80. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.44% from a day low at $13.27 to a day high of $13.86. The price has risen in 6 of the last 10 days and is up by 7.27% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 428 thousand shares were bought and sold for approximately $5.90 million.

Given the current short-term trend, the stock is expected to fall -27.54% during the next 3 months and, with a 90% probability hold a price between $8.10 and $10.00 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ATSG Signals & Forecast

Mostly positive signals in the chart today. The Air Transport Services Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $12.96 and $13.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 17.11%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Air Transport Services Group stock

Air Transport Services Group finds support from accumulated volume at $13.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.589 between high and low, or 4.44%. For the last week, the stock has had daily average volatility of 4.31%.

Our recommended stop-loss: $13.26 (-3.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (ATSG) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Air Transport Services Group to open at $13.64, and during the day (based on 14 day Average True Range), to move between $13.22 and $14.37, which gives a possible trading interval of +/-$0.576 (+/-4.18%) up or down from last closing price. If Air Transport Services Group takes out the full calculated possible swing range there will be an estimated 8.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.37 (3.08%) than the resistance at $14.87 (7.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Air Transport Services Group stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.342 Buy Candidate Upgraded

Predicted Opening Price for Air Transport Services Group of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$13.64 ( 1.11%) $13.80

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ATSG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.23 3.16 %
R2 14.01 1.53 %
R1 13.87 0.522 %
Current price: 13.80
Support S1 13.42 -2.74 %
S2 13.28 -3.75 %
S3 13.05 -5.38 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.71 21.13 %
R2 16.39 18.81 %
R1 14.87 7.79 %
Current price 13.80
Support S1 13.37 -3.08%
S2 12.82 -7.07%
S3 12.19 -11.63%

FAQ

What is the symbol for Air Transport Services Group Stock and on which exchange is it traded?
The symbol for Air Transport Services Group is ATSG and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Air Transport Services Group Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Air Transport Services Group Stock?
Air Transport Services Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Air Transport Services Group Stock.

What's the current price of Air Transport Services Group Stock?
As of the end of day on the 2024-03-27, the price of an Air Transport Services Group (ATSG) share was $13.80.

What is the 52-week high and low for Air Transport Services Group Stock?
The 52-week high for Air Transport Services Group Stock is $24.96 and the 52-week low is $11.62.

What is the market capitalization of Air Transport Services Group Stock?
As of the 2024-03-27, the market capitalization of Air Transport Services Group is 867.658M.

When is the next earnings date for Air Transport Services Group?
The upcoming earnings date for Air Transport Services Group is May 02, 2024.
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About Air Transport Services Group

Air Transport Services Group Air Transport Services Group, Inc., together with its subsidiaries, provides aircraft leasing and air cargo transportation and related services in the United States and internationally. The company offers aircraft, flight crews, aircraft maintenance, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engine... ATSG Profile

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