American Software Stock Forecast
American Software stock price down 0% on Thursday
(Updated on Mar 28, 2024)
No changes to the price of American Software stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 1.49% from a day low at $11.39 to a day high of $11.56. The price has fallen in 5 of the last 10 days but is still up by 3.15% over the past 2 weeks.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $11.71 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect American Software stock with a 90% probability to be traded between $10.21 and $11.64 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AMSWA Signals & Forecast
The American Software stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $11.55. On a fall, the stock will find some support from the long-term average at approximately $11.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -2.22%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for American Software stock
American Software finds support from accumulated volume at $11.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.170 between high and low, or 1.49%. For the last week the stock has had daily average volatility of 1.90%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMSWA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect American Software to open at $11.47, and during the day (based on 14 day Average True Range), to move between $11.18 and $11.72, which gives a possible trading interval of +/-$0.267 (+/-2.33%) up or down from last closing price. If American Software takes out the full calculated possible swing range there will be an estimated 4.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.46 (0.09%) than the support at $11.40 (0.44%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is American Software stock A Buy?
American Software holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.243 Sell Candidate Unchanged
Predicted Opening Price for American Software of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$11.47 ( 0.146%) | $11.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMSWA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.64 | 1.63 % | |
R2 | 11.57 | 1.06 % | ||
R1 | 11.53 | 0.713 % | ||
Current price: | 11.45 | |||
Support | S1 | 11.40 | -0.422 % | |
S2 | 11.36 | -0.772 % | ||
S3 | 11.30 | -1.34 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.63 | 1.57 % | |
R2 | 11.49 | 0.349 % | ||
R1 | 11.46 | 0.0873 % | ||
Current price | 11.45 | |||
Support | S1 | 11.40 | -0.437% | |
S2 | 11.20 | -2.18% | ||
S3 | 11.19 | -2.27% |
AMSWA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | May 02, 2024 | May 17, 2024 | $0.110 | 0.96% |
2 | Nov 20, 2023 | Feb 01, 2024 | Feb 16, 2024 | $0.110 | 1.01% |
3 | Aug 23, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.110 | 1.08% |
4 | Jun 01, 2023 | Aug 10, 2023 | Aug 25, 2023 | $0.110 | 0.93% |
5 | Feb 22, 2023 | May 02, 2023 | May 17, 2023 | $0.110 | 0.87% |
FAQ
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