AENT price prediction for today bearish or bullish

**The price of Alliance Entertainment (AENT) is currently showing bullish signals.**

1. **Recent Performance**: AENT has experienced a significant 13.97% increase in the 1-week percentage change, indicating a strong short-term upward trend.

2. **Short-term Trend Forecast**: The short-term trend forecast for AENT is not available, but the 5-day and 10-day moving averages are $2.31 and $2.04, respectively. The fact that the 5-day moving average is higher than the 10-day moving average suggests a bullish trend as the stock is trending upwards.

3. **Forecast Price**: The forecast price for AENT in the next ten trading days is expected to be between $2.01 and $2.07, with the final forecast price on September 3, 2024, being $2.05. This indicates a potential for the stock to continue its upward trajectory.

4. **Market Sentiment**: The earnings report for Alliance Aviation Services (AQZ), which is the company that AENT is associated with, has beaten expectations. This positive financial news could reflect well on AENT, as it suggests a strong financial performance by the parent company.
5. **Analyst Price Target**: Although the consensus price target for Alliance Aviation Services (ASX:AQZ) fell after the earnings report, it is important to note that the target is still higher than the current price, with the most bullish analyst valuing the stock at AU$4.79. This could imply potential for AENT to grow as well, considering the parent company's positive outlook.
6. **Technical Indicators**: The Relative Strength Index (RSI) is not provided, but if it is close to the overbought threshold, it could indicate that the stock is currently overbought and might correct. However, without the RSI data, we cannot confirm this.
7. **Conclusion**: Based on the available data, the price of AENT is likely to remain bullish in the short term, with potential for continued growth. However, investors should monitor the stock closely for signs of overbought conditions or any changes in market sentiment that could affect the stock's performance.