AIRT Stock Air T (AIRT, $21.85) Moving Average Convergence Divergence (MACD) Histogram turned negative on September 13, 2024
AIRT sees its 50-day moving average cross bearishly below its 200-day moving average
The 50-day moving average for AIRT moved below the 200-day moving average on October 08, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 15, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on AIRT as a result. In of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AIRT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for AIRT entered a downward trend on October 09, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where AIRT's RSI Oscillator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Moving Average Convergence Divergence (MACD) for AIRT just turned positive on October 04, 2024. Looking at past instances where AIRT's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AIRT advanced for three days, in of 252 cases, the price rose further within the following month. The odds of a continued upward trend are .
AIRT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
