Allegiant Travel Stock Technical Analysis
ALGT Stock | USD 54.76 0.68 1.23% |
As of the 16th of May 2024, Allegiant Travel shows the Mean Deviation of 1.81, standard deviation of 2.49, and Risk Adjusted Performance of (0.09). Allegiant Travel technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Allegiant Travel, which can be compared to its peers. Please confirm Allegiant Travel standard deviation and value at risk to decide if Allegiant Travel is priced correctly, providing market reflects its regular price of 54.76 per share. Given that Allegiant Travel has information ratio of (0.20), we suggest you to validate Allegiant Travel's prevailing market performance to make sure the company can sustain itself at a future point.
Allegiant Travel Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Allegiant, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AllegiantAllegiant |
Allegiant Travel Analyst Consensus
Target Price | Advice | # of Analysts | |
101.7 | Buy | 11 | Odds |
Most Allegiant analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Allegiant stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Allegiant Travel, talking to its executives and customers, or listening to Allegiant conference calls.
Allegiant Travel technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Allegiant Travel Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Allegiant Travel volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Allegiant Travel Trend Analysis
Use this graph to draw trend lines for Allegiant Travel. You can use it to identify possible trend reversals for Allegiant Travel as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Allegiant Travel price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Allegiant Travel Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Allegiant Travel applied against its price change over selected period. The best fit line has a slop of 0.4 , which may suggest that Allegiant Travel market price will keep on failing further. It has 122 observation points and a regression sum of squares at 5995.19, which is the sum of squared deviations for the predicted Allegiant Travel price change compared to its average price change.About Allegiant Travel Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Allegiant Travel on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Allegiant Travel based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Allegiant Travel price pattern first instead of the macroeconomic environment surrounding Allegiant Travel. By analyzing Allegiant Travel's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Allegiant Travel's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Allegiant Travel specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2023 | 2024 (projected) | Dividend Yield | 0.0149 | 0.0172 | 0.0196 | Price To Sales Ratio | 1.88 | 0.59 | 0.56 |
Allegiant Travel May 16, 2024 Technical Indicators
Most technical analysis of Allegiant help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Allegiant from various momentum indicators to cycle indicators. When you analyze Allegiant charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.09) | |||
Market Risk Adjusted Performance | (0.57) | |||
Mean Deviation | 1.81 | |||
Coefficient Of Variation | (623.97) | |||
Standard Deviation | 2.49 | |||
Variance | 6.22 | |||
Information Ratio | (0.20) | |||
Jensen Alpha | (0.47) | |||
Total Risk Alpha | (0.73) | |||
Treynor Ratio | (0.58) | |||
Maximum Drawdown | 12.15 | |||
Value At Risk | (4.21) | |||
Potential Upside | 3.49 | |||
Skewness | 0.0752 | |||
Kurtosis | 1.57 |
Allegiant Travel May 16, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Allegiant stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 2,628 | ||
Daily Balance Of Power | (0.83) | ||
Rate Of Daily Change | 0.99 | ||
Day Median Price | 55.08 | ||
Day Typical Price | 54.97 | ||
Price Action Indicator | (0.66) |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegiant Travel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.Note that the Allegiant Travel information on this page should be used as a complementary analysis to other Allegiant Travel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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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.
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Is Allegiant Travel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allegiant Travel. If investors know Allegiant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allegiant Travel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 18.984 | Dividend Share 1.8 | Earnings Share 3.13 | Revenue Per Share 140.438 | Quarterly Revenue Growth 0.01 |
The market value of Allegiant Travel is measured differently than its book value, which is the value of Allegiant that is recorded on the company's balance sheet. Investors also form their own opinion of Allegiant Travel's value that differs from its market value or its book value, called intrinsic value, which is Allegiant Travel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allegiant Travel's market value can be influenced by many factors that don't directly affect Allegiant Travel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allegiant Travel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegiant Travel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegiant Travel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.