Fri 20'th Apr 2018
Aircastle Limited Stock Analysis
Technical stock analysis for Fri 20'th Apr 2018
Aircastle Limited gained 0.36% in the last trading day, rising from $19.64 to $19.71 The price has been going up and down for this period, and there has been a -0.4% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 49 411 more shares were traded than the day before. In total, 274 641 shares bought and sold for approximately $5.41 million.
|Shorts||3.24% ( 2018-03-29 )|
|Cash||2 227.5 mill|
Aircastle Limited 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 $20.14 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 -16.20% during the next 3 months and, with 90% probability hold a price between $14.43 and $16.88 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday April 19, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Aircastle Limited 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 $19.85 and $19.95. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 51 and the stock is currently not being overbought or oversold
Support & Resistance
Aircastle Limited finds support from accumulated volume at $19.68. On the upside the stock meets some resistance just above today's level from accumulated volume at $19.86, $20.27 and $20.42.
The stock is about to test the resistance from accumulated volume at $19.86 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 $0.21 (1.08%) between high and low. For the last week, the stock has had a daily average volatility of 1.40%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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