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 AMSWA
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Green day on Monday for American Software
(Updated on Jul 22, 2024)

Buy or Hold candidate since Jul 11, 2024 Gain 2.31% PDF

The American Software stock price gained 1.46% on the last trading day (Monday, 22nd Jul 2024), rising from $9.62 to $9.76. During the last trading day the stock fluctuated 2.92% from a day low at $9.58 to a day high of $9.86. The price has risen in 6 of the last 10 days and is up by 6.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 151 thousand shares were bought and sold for approximately $1.48 million.

The stock lies the upper part of a wide and falling 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 $9.91 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -12.05% during the next 3 months and, with a 90% probability hold a price between $7.16 and $8.72 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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AMSWA Signals & Forecast

The American Software 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 $9.74 and $9.36. 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). American Software has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 -2.20%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for American Software stock

On the downside, the stock finds support just below today's level from accumulated volume at $9.24 and $9.13. 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, American Software finds support just below today's level at $9.24. If this is broken, then the next support from accumulated volume will be at $9.13 and $8.72.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.280 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 3.35%.

Our recommended stop-loss: $9.39 (-3.75%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (AMSWA) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect American Software to open at $9.73, and during the day (based on 14 day Average True Range), to move between $9.47 and $10.05, which gives a possible trading interval of +/-$0.294 (+/-3.01%) up or down from last closing price. If American Software takes out the full calculated possible swing range there will be an estimated 6.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $9.96 (2.05%) than the support at $9.24 (5.33%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.251 Hold/Accumulate Unchanged

Predicted Opening Price for American Software of Tuesday, July 23, 2024

Fair opening price July 23, 2024 Current price
$9.73 ( 0.273%) $9.76

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
R3 10.01 2.60%
R2 9.91 1.50%
R1 9.84 0.82%
Price 9.76
S1 9.63 -1.37%
S2 9.56 -2.05%
S3 9.45 -3.14%

Accumulated Volume Support & Resistance Levels

Level Price
R3 10.37 6.25%
R2 10.26 5.12%
R1 9.96 2.05%
Price 9.76
S1 9.24 -5.33%
S2 9.13 -6.45%
S3 8.72 -10.66%

AMSWA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 30, 2024 Aug 16, 2024 Aug 30, 2024 $0.110 1.13%
2 Feb 22, 2024 May 02, 2024 May 17, 2024 $0.110 1.05%
3 Nov 20, 2023 Feb 01, 2024 Feb 16, 2024 $0.110 1.01%
4 Aug 23, 2023 Nov 16, 2023 Dec 01, 2023 $0.110 1.08%
5 Jun 01, 2023 Aug 10, 2023 Aug 25, 2023 $0.110 0.93%

FAQ

What is the symbol for American Software Stock and on which exchange is it traded?
The symbol for American Software is AMSWA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell American Software Stock?
American Software holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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

What's the current price of American Software Stock?
As of the end of day on the Jul 22, 2024, the price of an American Software (AMSWA) share was $9.76.

What is the 52-week high and low for American Software Stock?
The 52-week high for American Software Stock is $12.58 and the 52-week low is $8.41.

What is the market capitalization of American Software Stock?
As of the Jul 22, 2024, the market capitalization of American Software is 324.819M.

When is the next earnings date for American Software?
The upcoming earnings date for American Software is Aug 22, 2024.
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About American Software

American Software American Software, Inc. develops, markets, and supports a range of computer business application software products in the United States and internationally. The company operates in three segments: Supply Chain Management (SCM), Information Technology Consulting (IT Consulting), and Other. The SCM segment offers Logility Digital Supply Chain Platform, a cloud-architected supply chain management platform that helps manage seven critical planning pr... AMSWA Profile

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