AIR TRANSPORT SERVICES GROUP (ATSG) Stock Technical Analysis
NASDAQ:ATSG - Nasdaq - US00922R1059 - Common Stock - Currency: USD
Taking everything into account, ATSG scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ATSG is showing a nice and steady performance.
Besides having an excellent technical rating, ATSG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 22.23, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ATSG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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21.58
When analyzing the support we notice one important area.
- A support zone ranging from 21.80 to 22.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 22.29 to 22.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.32 | 22.25 | 0.07 (0.32%) | 25.00% |
| An entry @22.32. This is a Buy Stop order right above the 10 day moving average. | An exit @22.25. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 0.32%. | For a 0.08% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ATSG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
22.29
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