ALGT (NASDAQ)

ALGT NASDAQ

Allegiant Travel

SHORT

97.49

Prev.Close

97.76

Change

-0.2700

Change%

-0.28%

BEARISH ENGULFING

Sold at

97.49

Open

99.17

High

99.94

Low

95.66

97.49

0.00%

Signal History

Date	Price	Signal	Change%	$100⇨
05/31	97.49	SHORT	0.0%	158
05/26	99.47	BUY	-2.0%	162
05/19	101.18	SHORT	-1.7%	160
05/17	100.22	BUY	+1.0%	159
05/10	104.02	SELL	-3.7%	160
04/28	99.18	BUY	+4.9%	152
04/26	99.28	SELL	-0.1%	153
04/10	90.58	BUY	+9.6%	140
04/04	90.37	SELL	+0.2%	140
03/27	83.92	BUY	+7.7%	130
03/10	97.62	SHORT	-14.0%	115
03/08	104.02	BUY	-6.2%	123
03/06	100.85	SELL	+3.1%	123
02/23	100.60	BUY	+0.2%	123
02/21	98.31	SELL	+2.3%	123
02/14	93.12	BUY	+5.6%	117
02/09	95.70	SELL	-2.7%	117
02/03	100.54	BUY	-4.8%	123
02/01	84.58	SELL	+18.9%	123
12/30	67.40	BUY	+25.5%	99
12/28	64.38	SHORT	+4.7%	104
12/21	66.43	BUY	-3.1%	108
12/14	72.73	SHORT	-8.7%	99
12/12	72.74	BUY	0.0%	100

† Trade commissions are taken as 0.20%.

Pattern & Confirmation Chart for the Last 6 Months

Our system’s recommendation today is to SHORT. The BEARISH ENGULFING pattern finally received a confirmation because the prices crossed below the confirmation level which was at 97.76, and our valid average selling price stands now at 97.49. The previous BUY signal was issued on 05/26/2023, 5 days ago, when the stock price was 99.47. Since then ALGT has fallen by -1.99%.

The bears have strong evidence and this evidence prompts us to make a bearish bet. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a SHORT signal is generated. Follow the signal and profit from the bearish enthusiasm before it is too late. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss.

This pattern is characterized by a large black body engulfing a preceding smaller white body, which appears during an uptrend. The black body does not necessarily engulf the shadows of the white body but totally engulfs the body itself. This is an important top reversal signal. more...

Date	Price	Signal	Change%	$100⇨
05/31	97.49	SHORT	0.0%	217
05/26	99.47	BUY	-2.0%	222
05/19	101.18	SHORT	-1.7%	219
05/17	100.22	BUY	+1.0%	218
05/10	104.02	SELL	-3.7%	218
04/28	99.18	BUY	+4.9%	208
04/26	99.28	SELL	-0.1%	209
04/10	90.58	BUY	+9.6%	191
04/04	90.37	SELL	+0.2%	191
03/27	83.92	BUY	+7.7%	178
03/10	97.62	SHORT	-14.0%	157
03/08	104.02	BUY	-6.2%	168
03/06	100.85	SELL	+3.1%	168
02/23	100.60	BUY	+0.2%	168
02/21	98.31	SELL	+2.3%	168
02/14	93.12	BUY	+5.6%	160
02/09	95.70	SELL	-2.7%	160
02/03	100.54	BUY	-4.8%	168
02/01	84.58	SELL	+18.9%	169
12/30	67.40	BUY	+25.5%	135
12/28	64.38	SHORT	+4.7%	142
12/21	66.43	BUY	-3.1%	147
12/14	72.73	SHORT	-8.7%	136
12/12	72.74	BUY	0.0%	137
12/05	78.12	SELL	-6.9%	137
11/23	79.87	BUY	-2.2%	140
11/17	78.08	SELL	+2.3%	140
11/11	78.93	BUY	-1.1%	142
11/09	74.13	SELL	+6.5%	142
10/26	70.64	BUY	+4.9%	136
10/19	66.35	SHORT	+6.5%	146
10/13	67.64	BUY	-1.9%	149
10/06	75.89	SHORT	-10.9%	135
10/04	77.09	BUY	-1.6%	138
09/30	74.22	SHORT	+3.9%	144
09/28	78.21	BUY	-5.1%	153
09/20	90.56	SHORT	-13.6%	135
09/08	97.98	BUY	-7.6%	146
08/29	96.11	SHORT	+1.9%	150
08/25	99.40	BUY	-3.3%	156