Allegiant Travel Stock Forecast - Daily Balance Of Power
| ALGT Stock | USD 87.03 4.25 5.13% |
Allegiant Stock Forecast is based on your current time horizon.
Allegiant |
Open Interest Against 2024-12-20 Allegiant Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Allegiant Travel's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Allegiant Travel's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Allegiant Travel stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Allegiant Travel's open interest, investors have to compare it to Allegiant Travel's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Allegiant Travel is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Allegiant. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.0274 | (0.68) |
| Check Allegiant Travel Volatility | Backtest Allegiant Travel | Trend Details |
Allegiant Travel Trading Date Momentum
| On October 28 2024 Allegiant Travel was traded for 63.80 at the closing time. The top price for the day was 64.43 and the lowest listed price was 63.08 . The trading volume for the day was 368 K. The trading history from October 28, 2024 was a factor to the next trading day price appreciation. The overall trading delta against the next closing price was 2.44% . The overall trading delta against the current closing price is 3.13% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Allegiant Travel
For every potential investor in Allegiant, whether a beginner or expert, Allegiant Travel's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Allegiant Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Allegiant. Basic forecasting techniques help filter out the noise by identifying Allegiant Travel's price trends.Allegiant Travel Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Allegiant Travel stock to make a market-neutral strategy. Peer analysis of Allegiant Travel could also be used in its relative valuation, which is a method of valuing Allegiant Travel by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Allegiant Travel Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Allegiant Travel's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Allegiant Travel's current price.| Cycle Indicators | ||
| Math Operators | ||
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| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
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| Volume Indicators |
Allegiant Travel Market Strength Events
Market strength indicators help investors to evaluate how Allegiant Travel stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Allegiant Travel shares will generate the highest return on investment. By undertsting and applying Allegiant Travel stock market strength indicators, traders can identify Allegiant Travel entry and exit signals to maximize returns.
Allegiant Travel Risk Indicators
The analysis of Allegiant Travel's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Allegiant Travel's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting allegiant stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.68 | |||
| Semi Deviation | 2.11 | |||
| Standard Deviation | 3.32 | |||
| Variance | 11.01 | |||
| Downside Variance | 7.85 | |||
| Semi Variance | 4.45 | |||
| Expected Short fall | (3.22) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Additional Tools for Allegiant Stock Analysis
When running Allegiant Travel's price analysis, check to measure Allegiant Travel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allegiant Travel is operating at the current time. Most of Allegiant Travel's value examination focuses on studying past and present price action to predict the probability of Allegiant Travel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegiant Travel's price. Additionally, you may evaluate how the addition of Allegiant Travel to your portfolios can decrease your overall portfolio volatility.