Aircastle Limited Stock Forecast
Red day on Thursday for Aircastle Limited
(Updated on Apr 16, 2020)
No changes to the price of Aircastle Limited stock on the last trading day (Thursday, 16th Apr 2020). During the last trading day the stock fluctuated 0% from a day low at $32.01 to a day high of $32.01. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies the upper part of a wide and falling trend in the short term, and this may 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 $32.92 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 -2.57% during the next 3 months and, with a 90% probability hold a price between $27.14 and $32.07 at the end of this 3-month period.
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AYR Signals & Forecast
The Aircastle Limited 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 $32.01 and $31.34. 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). 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 Wednesday, April 15, 2020, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Wednesday, June 05, 2019 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Aircastle Limited stock
Aircastle Limited finds support from accumulated volume at $31.85 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $30.73 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (AYR) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Aircastle Limited to open at $32.01, and during the day (based on 14 day Average True Range), to move between $31.60 and $32.42, which gives a possible trading interval of +/-$0.411 (+/-1.28%) up or down from last closing price. If Aircastle Limited takes out the full calculated possible swing range there will be an estimated 2.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $32.10 (0.28%) than the support at $31.85 (0.50%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Aircastle Limited stock A Buy?
Aircastle Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.918 Hold/Accumulate Unchanged
Predicted Opening Price for Aircastle Limited of Friday, April 17, 2020
| Fair opening price April 17, 2020 | Current price |
|---|---|
| $32.01 ( 0%) | $32.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AYR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.01 | . | |
| R2 | 32.01 | . | ||
| R1 | 32.01 | . | ||
| Current price: | 32.01 | |||
| Support | S1 | 32.01 | . | |
| S2 | 32.01 | . | ||
| S3 | 32.01 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.19 | 0.562 % | |
| R2 | 32.11 | 0.312 % | ||
| R1 | 32.10 | 0.281 % | ||
| Current price | 32.01 | |||
| Support | S1 | 31.85 | -0.500% | |
| S2 | 31.80 | -0.656% | ||
| S3 | 31.78 | -0.719% |
FAQ
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