AIRT Technical Analysis - AIR T INC

Technical Rating and Analysis

Taking everything into account, AIRT scores 8 out of 10 in our technical rating. Although AIRT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: AIRT has an average volume of 3322 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

AIRT is part of the Air Freight & Logistics industry. There are 22 other stocks in this industry. AIRT outperforms 76% of them.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

When compared to the yearly performance of all other stocks, AIRT outperforms 53% of them, which is more or less in line with the market.

AIRT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AIRT is lagging the market.

In the last month AIRT has a been trading in the 18.86 - 26.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

AIRT has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

15.01

24.54

When analyzing the support we can see 4 important areas.

Support @22.71 from a horizontal line in the weekly time frame.
A support zone ranging from 21.00 to 21.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @15.64 from a trend line in the weekly time frame.
A support zone ranging from 15.16 to 15.16. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

Resistance @24.30 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for AIRT is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for AIRT is up.
ChartMill Relative Strength	53.82	NEUTRAL	AIRT is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of AIRT is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of AIRT is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of AIRT is above a declining SMA(200).
Relative Strength Index/RSI (14)	55.2	NEUTRAL	The RSI value for AIRT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests AIRT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	45.6	NEUTRAL	The Stochastics value for AIRT is a neutral value.
Average True Range in percent/ATR (20)	9.04	HIGH VOLATILITY	The high ATR as a percentage value for AIRT suggests high volalility.
Average Directional Index/ADX (14)	31.13	POSITIVE	The high ADX value value for AIRT suggests a strong trend.