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American Software Stock Forecast NASDAQ:AMSWA

$23.07 (-0.22%)

Volume: 172k

Closed: Nov 29, 2021

Hollow Logo Score: -4.460

American Software Stock Forecast

$23.07 (-0.22%)

Volume: 172k

Closed: Nov 29, 2021

Score Hollow Logo -4.460
Which way will AMSWA go? Request
Key Stats
Beta 1
Trailing Dividend Rate 1.89% ($0.44)
Next Dividend Date Feb 03, 2022
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 9 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Red day on Monday for American Software
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-29

The American Software stock price fell by -0.22% on the last day (Monday, 29th Nov 2021) from $23.12 to $23.07. and has now fallen 3 days in a row. During the day the stock fluctuated 2.66% from a day low at $22.95 to a day high of $23.56. The price has fallen in 7 of the last 10 days and is down by -26.65% for this period. Volume has increased on the last day by 71 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 172 thousand shares were bought and sold for approximately $3.96 million.

Given the current short-term trend, the stock is expected to rise 17.02% during the next 3 months and, with a 90% probability hold a price between $27.00 and $39.50 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The American Software stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $24.82 and $28.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 09, 2021, and so far it has fallen -29.54%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.61 between high and low, or 2.66%. For the last week, the stock has had a daily average volatility of 4.00%.

American Software is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is American Software stock A Buy?

The American Software stock holds several negative signals and despite the positive trend, we believe American Software will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.460

Predicted Opening Price for American Software of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$23.19 $23.07 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Sep 14, 2021 "Maxim Group" gave "$34.00" rating for AMSWA. The price target was set to $24.67+0.1%.

Volatility and Risk
Daily Average Volatility: 4.00 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.00 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $23.40
Price: $23.07
No Support Found

AMSWA Insider Trading Show all Trades

INSIDER POWER

1.897

Last 100 transactions
Buy: 856 946 | Sell: 451 697 (Shares)
Date Action Amount Person Type
Nov 24, 2021 Sell 16 400 Edenfield James C Stock Option
Nov 24, 2021 Sell 18 000 Edenfield James C Common Stock
Nov 24, 2021 Sell 18 000 Edenfield James C Common Stock
Nov 24, 2021 Sell 16 400 Edenfield James C Common Stock
Nov 24, 2021 Buy 18 000 Edenfield James C Common Stock
Show all Insider Trades
INSIDER POWER

1.897

Last 100 transactions
Buy: 856 946 | Sell: 451 697 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 23.80 3.18 %
23.57 2.17 %
23.43 1.54 %
Current price: 23.07
Support 22.96 -0.48 %
22.82 -1.10 %
22.58 -2.11 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 25.05 8.58 %
24.36 5.59 %
23.40 1.43 %
Current price 23.07
Support 0 .
0 .
0 .

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About American Software

American Software American Software, Inc. develops, markets, and supports a portfolio of software and services that deliver enterprise management and collaborative supply chain solutions worldwide. It operates in three segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP), and Information Technology (IT) Consulting. The SCM segment provides supply chain management solutions, including sales and operations planning, inventory and supply optimi... Read more

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