Volaris' stock performance is not likely to continue its upward trend on Monday, Tuesday, and Wednesday. Here's why:
- Recent Volatility and Short-Term Trend: The stock has shown volatility with a recent price increase of $2.31, indicating a potential for price fluctuations. However, the short-term trend is not a reliable indicator of future performance, and past performance is not always indicative of future results1.
- Technical Indicators: The Fear & Greed Index is showing 39 (Fear), suggesting that the sentiment is bearish. Additionally, the stock is trading 1.71% above the forecast, which could indicate that it is overvalued at the moment2.
- Analyst Ratings and Price Targets: The stock has a current price target of $13.78, with a high forecast of $18.00 and a low forecast of $12.00. This represents a significant upside from the current price. However, the stock is expected to fall -23.12% during the next 3 months3.
- Market Conditions and Company-Specific Factors: The broader market conditions and specific factors such as Volaris' increased engine inspections and potential relocation to Mexico City's new airport could influence the stock's performance45.
In conclusion, while there is potential for short-term gains based on the current price target and recent price increase, the bearish sentiment and market conditions suggest that the stock may not continue to rise significantly in the near term. Investors should consider these factors and their investment horizon when making decisions.