RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ASYS
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Stronger technical forecast for Amtech Systems stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 12, 2024 Gain 23.38% PDF

The Amtech Systems stock price gained 0.756% on the last trading day (Wednesday, 27th Mar 2024), rising from $5.29 to $5.33. During the last trading day the stock fluctuated 2.09% from a day low at $5.23 to a day high of $5.34. The price has risen in 6 of the last 10 days and is up by 12.92% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 19 thousand shares were bought and sold for approximately $103.63 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $5.40 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 25.79% during the next 3 months and, with a 90% probability hold a price between $5.06 and $6.79 at the end of this 3-month period.

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ASYS Signals & Forecast

The Amtech Systems stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.14 and $4.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 09, 2024, and so far it has risen 54.94%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Amtech Systems stock

On the downside, the stock finds support just below today's level from accumulated volume at $4.47 and $4.32. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Amtech Systems finds support just below today's level at $4.47. If this is broken, then the next support from accumulated volume will be at $4.32 and $4.23.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.109 between high and low, or 2.09%. For the last week the stock has had daily average volatility of 4.04%.

Our recommended stop-loss: $5.17 (-3.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)

Trading Expectations (ASYS) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Amtech Systems to open at $5.30, and during the day (based on 14 day Average True Range), to move between $5.14 and $5.52, which gives a possible trading interval of +/-$0.192 (+/-3.60%) up or down from last closing price. If Amtech Systems takes out the full calculated possible swing range there will be an estimated 7.20% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $4.47, some $0.86 (16.14%) from the current price of $5.33, our system finds the risk reward attractive.

Is Amtech Systems stock A Buy?

Amtech Systems holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.162 Strong Buy Candidate Upgraded

Predicted Opening Price for Amtech Systems of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$5.30 ( 0.559%) $5.33

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ASYS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.41 1.49 %
R2 5.37 0.709 %
R1 5.34 0.225 %
Current price: 5.33
Support S1 5.26 -1.34 %
S2 5.23 -1.83 %
S3 5.19 -2.61 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 5.33
Support S1 4.47 -16.14%
S2 4.32 -18.95%
S3 4.23 -20.64%

FAQ

What is the symbol for Amtech Systems Stock and on which exchange is it traded?
The symbol for Amtech Systems is ASYS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Amtech Systems Stock?
Amtech Systems holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Amtech Systems Stock?
Amtech Systems Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Amtech Systems Stock.

What's the current price of Amtech Systems Stock?
As of the end of day on the 2024-03-27, the price of an Amtech Systems (ASYS) share was $5.33.

What is the 52-week high and low for Amtech Systems Stock?
The 52-week high for Amtech Systems Stock is $11.00 and the 52-week low is $3.37.

What is the market capitalization of Amtech Systems Stock?
As of the 2024-03-27, the market capitalization of Amtech Systems is 75.638M.

When is the next earnings date for Amtech Systems?
The upcoming earnings date for Amtech Systems is May 08, 2024.
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About Amtech Systems

Amtech Systems Amtech Systems, Inc. manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates in Semiconductor and Material and Substrate segments. The Semiconductor segment designs, manufactures, sells, and services thermal processing equipment, including solder reflow o... ASYS Profile

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