Astronics Corporation, listed on NASDAQ under the ticker symbol ATRO, is currently undergoing a wave analysis based on the Elliott Wave Theory, focusing on the hourly timeframe.
Starting from November 2023, where the price was approximately $14, we began identifying the initial wave ((i)). The wave count progressed until the high in February 2024, reaching...
Astronics Corp. engages in the provision of electrical power generation and distribution systems. It includes motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification, and automated test systems. It operates through the Aerospace and Test Systems segments. The Aerospace segment designs and manufactures products for...
First of all I love this chart the way it moves. I think this is probably a 40-50% gainer and one more leg up it moves to $15 rather easily. It may take a while though. Hitting trend bounce now. Oh yeah and the market is doodoo so check that first.
1. Price levels are working great
2. Weaker than the market
3. Globally and locally downtrend
4. price level confirmed by a few touches
5. distant test
6. approaching with regular bars
7. made a big move down
8. historical low
9. potential 10 to 1
10.
So here is the plan. ATRO is a smaller cap stock but it is a supplier for Boeing. While everyone continues to rave over Boeing, the suppliers are the one's who are making better money. csimarket.com check out the data here.
Now they make money whether or not boeing makes money or sells their products. It is the same strategy of selling shovels to gold diggers...
Price action of ATRO does not look promising.
1. First, from May to Aug timeframe, looked to be forming a bullish wedge candlestick pattern (though RSI did not show any buildup). This is drawn with the dotted black trendline, and ended with a harsh drop due to a earning report about 50% less than expected.
2. The solid black trendline down has formed a...
ATRO is reaching the bottom of it's value range (around 30.50). Previously we have found stong volume and support when price drops below value range. Over the last couple of months, the price has been gravitating towards the 35.30 mark which is my control/target price. Last move down was triggered by bullish break of MA20 and MA50 price. Stochastic RSI is...
