Bullish Case: Significant recovery from 60-day low, analyst optimism, and mean-reverting price action suggest potential upside if macro conditions improve.


Bearish Case: Ongoing pricing pressure, weak consumer spending, and significant decline from 2-year high may continue downward pressure.


Potential Outcomes:

1) Improved consumer spending, share gains, 40%.

2) Pricing pressure persists, continued decline, 30%.

3) Flat volatility and mean reversion continue, rangebound trading, 30%.


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January 27, 2024


Allegiant Travel Forecast

[ALGT]  Allegiant Travel
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)



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ALGT Balanced News:
















Correlated Stock Forecasts

Assets that tend to move strongly with ALGT



ALK Forecast + Options Trading Strategies   [ALK]  Alaska Air (0.96)


UAL Forecast + Options Trading Strategies   [UAL]  United Airlines (0.92)


NOVA Forecast + Options Trading Strategies   [NOVA]  Sunnova Energy International (0.92)


CGNX Forecast + Options Trading Strategies   [CGNX]  Cognex (0.91)


JACK Forecast + Options Trading Strategies   [JACK]  Jack In The Box (0.9)



Uncorrelated Stock Forecasts

Assets with little price relationship to ALGT



BITF Forecast + Options Trading Strategies   [BITF]  Bitfarms (0.0)


WRBY Forecast + Options Trading Strategies   [WRBY]  Warby Parker (0.0)


DD Forecast + Options Trading Strategies   [DD]  DuPont de Nemours (0.0)


IAT Forecast + Options Trading Strategies   [IAT]  BlackRock Institutional Trust Company N.A. - iShares U.S. Regional Banks (0.01)


VXF Forecast + Options Trading Strategies   [VXF]  Vanguard Group, Inc. - Vanguard Extended Market Index (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ALGT



HRB Forecast + Options Trading Strategies   [HRB]  H&R Block (-0.78)


LRN Forecast + Options Trading Strategies   [LRN]  Stride (-0.78)


FRO Forecast + Options Trading Strategies   [FRO]  Frontline (-0.79)


PGR Forecast + Options Trading Strategies   [PGR]  Progressive (-0.8)


USAC Forecast + Options Trading Strategies   [USAC]  USA Compression (-0.83)


ALGT News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.

Most Recent ALGT News






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