ALSN trade ideas
ALSN - Megaphone UpALSN has formed a strong megaphone up structure
Price is currently trending along the lower trend line which is a good sign for bulls that want to catch to bullrun
An extension to the top of the megaphone would be a big move which I have shown with the bars pattern tool.
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ALSN 24-02-2021 LongAsset and Time frame -ALSN,Daily
Entry Price -38.257
Exit(Stop Loss) -36.35
Exit(Take Profit) -45.24
Technical Analysis -Price bounced from a daily confirmed channel with a hammer pattern on the 4H chart, this stock has low volume, normally I look for higher volume stocks, so only half a position for this one as well.
Good luck,
I would like to hear your opinions and feedback, with thanks, Aviran
Allison at first buy levelAllison has been getting hit along with other manufacturers due to rising producer prices and steel shortages, but I continue to believe the company's prospects are impressive, with an overall quite positive outlook for earnings. And this sharp drop makes the valuation attractive too. I estimate Allison's forward P/E at less than 10, forward P/S at less than 1.5, PEG at about 2, and forward dividend yield at a respectable 2%. The stock has about 23% upside to its median multiple of the last 4 years.
Sentiment on Allison is mostly positive. The average analyst rating is 6.5/10, up about half a point this week. There's about 20% upside to the average price target of $44. The put/call ratio is quite positive at under 0.5.
In technical terms, Allison is hovering right above an important trend line support. If you set a stop loss at the trend line and target $40 per share, you've got about 8% reward - risk. I personally think Allison is good for a longer swing to at least $47, but it's also possible that this trend line support won't hold. I've identified four additional buy levels based on historical highs and lows.
With everything so overvalued, I haven't seen many buying opportunities lately. So it's kind of exciting to finally see the market correcting a bit and offering up a few good deals for once. Admittedly, I run a screener for stocks that have suffered a correction and might be "on sale," and most of the stuff turning up there is still overvalued garbage, so the larger market correction may still have a ways to go.
ALSN wrong-way earnings move offers buying opportunityAllison Transmission annihilated analyst estimates for its earnings and revenue yesterday, spiking 10% after hours but falling during the daytime session today to below yesterday's close. Not only did Allison post a beat for the third quarter, but it has also seen upgrades to its earnings estimates for the next couple years. Allison also got recent good news when the US Army gave it an innovation award for onboard energy conversion in military tactical vehicles, and when Allison and IndyGo announced a partnership to build hybrid electric buses.
In P/E terms, Allison might look a little expensive. It's trading 27% above its median P/E on earnings dates over the last 3 years, 10% above its median forward P/E, and 8% above its median P/FCF. In forward P/S terms, however, it's cheap at 18% below the median. Likewise, it's 24% below the median P/D and P/B of the last three years. The somewhat higher P/E multiples are warranted because of growth expectations. With a PEG of 1.6, Allison is priced for growth.
Sentiment on Allison is fairly good, with about 11% upside to the average analyst price target, and a 7.7/10 analyst summary score (average rating "Buy"). Put/call ratios are bullish. In terms of technicals, Allison has dipped back below a trendline and dropped to a volume support node. Allison might get a bound from volume support here at 35.50, but it would be an even better buy if it dips to 32.
ALSN - Target $51- Looks like 5 of V is unrolling.
- Retested supported and bounced up.
- Tremendous confluence found at $51.
- Tight stoploss right below $45
In general, ALSN is a good company with good short-term outlook.
{
"info": {
"close ": 46.19,
"marketcap ($bil)": 6.25,
"name": "allison transmission holdings, inc.",
"sector": "capital goods",
"industry": "auto parts:o.e.m.",
"country": "united states"
},
"val": {
"peg_k": 0.10227025,
"fp2e_k": 10.42663657,
"p2e_k": 13.74702381,
"p2e": 10.08515284,
"p2bv": 10.35822259,
"p2sales": 2.53509663,
"p2fcf": 8.69782191,
"ev2ebitda": 10.25200634,
"ev2ebitda_k": 12.806875
},
"val2_k": 39,
"val2_q": 29,
"qual2_k": 41,
"qual2_q": 56,
"qual3_k": 26
}
Long Allison TransmissionAllison Transmission (ALSN) is one of the worlds largest transmission manufacturers. The company has recently developed a new transmission model that helps to improve fuel economy. The company is set to release its 3Q earnings Monday, Oct. 30 with a conference call on Tuesday, Oct. 31.
US car production is coming off of its low back in 2009 and has increased to 3.02 million units in August from 2.62 million units in July. Still 3 million units below average but we are seeing an increase. Low interest rates are still making auto loans affordable. However, New passenger car registrations are down to 501.98 thousand from 502.59. This could mean that fewer are actually purchasing cars but the auto industry is expecting higher demand.
The market is trending strong with good breadth, 88 percent of stocks are making new highs.
The outlook for the auto industry looks good. If ALSN releases better than expected earnings, expect to see a move up.
The stock currently trades at 36.94, down 8% from its 52-week high. We saw a recent bounce off of the $36 support line. RSI is in a bearish range and the current move is supported by average volume.
I'm long in anticipation of a good earnings release and a good Q4 period.
Long ALSNPrice action appears to be consolidating on lower volume, bullish. RSI found support above 60, bullish. Trend shows average volume/flat volume, neutral. I placed my stop at 36.48 for 1% of my account.
This is a personal journal of my ideas and trades. This is not meant to be advice. Trade with care.
Break out all time high This is a all time high stock price!!!! Lots of traders stay away from all time highs, but this one looks good to me..
If this can pull back too about $37 I would be more bullish then bearish on this stock. This had a nice 3 month distribution channel and breakout. I think this stock could hit $40 on a nice run from here.
