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 AEHR
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Stronger technical forecast for Aehr Test Systems stock price after Friday trading.
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jul 11, 2024 Gain 25.94% PDF

The Aehr Test Systems stock price gained 1.06% on the last trading day (Friday, 19th Jul 2024), rising from $18.83 to $19.03. During the last trading day the stock fluctuated 5.33% from a day low at $18.37 to a day high of $19.35. The price has risen in 7 of the last 10 days and is up by 68.56% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 2 million shares were bought and sold for approximately $37.95 million. 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 $20.74 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 24.31% during the next 3 months and, with a 90% probability hold a price between $13.96 and $25.79 at the end of this 3-month period.

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AEHR Signals & Forecast

The Aehr Test 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 $17.51 and $13.11. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, July 17, 2024, and so far it has fallen -7.67%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Aehr Test Systems stock

Aehr Test Systems finds support from accumulated volume at $18.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.98 between high and low, or 5.33%. For the last week, the stock has had daily average volatility of 10.01%.

The Aehr Test Systems stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $18.36 (-3.53%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (AEHR) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Aehr Test Systems to open at $18.92, and during the day (based on 14 day Average True Range), to move between $17.66 and $20.40, which gives a possible trading interval of +/-$1.37 (+/-7.20%) up or down from last closing price. If Aehr Test Systems takes out the full calculated possible swing range there will be an estimated 14.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $18.83 (1.05%) than the resistance at $20.61 (8.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Aehr Test Systems stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Aehr Test Systems stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.847 Buy Candidate Upgraded

Predicted Opening Price for Aehr Test Systems of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$18.92 ( 0.596%) $19.03

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

Trading levels for AEHR

Fibonacci Support & Resistance Levels

Level Price
R3 19.90 4.55%
R2 19.52 2.59%
R1 19.29 1.37%
Price 19.03
S1 18.54 -2.56%
S2 18.31 -3.78%
S3 17.94 -5.75%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 20.61 8.30%
Price 19.03
S1 18.83 -1.05%
S2 16.43 -13.66%
S3 15.39 -19.13%

FAQ

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

Should I buy or sell Aehr Test Systems Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Aehr Test Systems stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Aehr Test Systems Stock?
Aehr Test 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 Aehr Test Systems Stock.

What's the current price of Aehr Test Systems Stock?
As of the end of day on the Jul 19, 2024, the price of an Aehr Test Systems (AEHR) share was $19.03.

What is the 52-week high and low for Aehr Test Systems Stock?
The 52-week high for Aehr Test Systems Stock is $54.10 and the 52-week low is $9.83.

What is the market capitalization of Aehr Test Systems Stock?
As of the Jul 19, 2024, the market capitalization of Aehr Test Systems is 551.775M.

When is the next earnings date for Aehr Test Systems?
The upcoming earnings date for Aehr Test Systems is Oct 03, 2024.
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About Aehr Test Systems

Aehr Test Systems Aehr Test Systems provides test systems for burning-in and testing logic, optical, and memory integrated circuits worldwide. It offers products, such as the ABTS and FOX-P families of test and burn-in systems and FOX WaferPak Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier, and FOX DiePak Loader. The ABTS system is used in production and qualification testing of packaged parts for lower power and higher power logic devices, as well as vari... AEHR Profile

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