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Altisource Portfolio Solutions S.A. Stock Forecast NASDAQ:ASPS

$11.63 (5.73%)

Volume: 35k

Closed: Dec 08, 2021

Hollow Logo Score: -1.390

Altisource Portfolio Solutions S.A. Stock Forecast

$11.63 (5.73%)

Volume: 35k

Closed: Dec 08, 2021

Score Hollow Logo -1.390
Which way will ASPS go? Request
Key Stats
P/E Ratio -2.65
Beta 0.99
* 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 41 and the stock is currently not being overbought or oversold

Altisource Portfolio Solutions S.A. stock price up more than 5.73% on Wednesday
(Updated on Dec 08, 2021)


Sell candidate since 2021-12-08

The Altisource Portfolio Solutions S.A. stock price gained 5.73% on the last trading day (Wednesday, 8th Dec 2021), rising from $11.00 to $11.63. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 8.84% from a day low at $10.75 to a day high of $11.70. The price has fallen in 6 of the last 10 days and is down by -3.16% for this period. Volume fell on the last day by -36 thousand shares and in total, 35 thousand shares were bought and sold for approximately $407.16 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 middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.17% during the next 3 months and, with a 90% probability hold a price between $11.54 and $17.16 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The Altisource Portfolio Solutions S.A. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $12.50. On a fall, the stock will find some support from the short-term average at $10.84. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A buy signal was issued from a pivot bottom point on Monday, December 06, 2021, and so far it has risen 12.58%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $10.91 and $10.62. There is 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, Altisource Portfolio Solutions S.A. finds support just below today's level at $10.91. If this is broken, then the next support from accumulated volume will be at $10.62 and $10.57.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.95 between high and low, or 8.84%. For the last week the stock has had a daily average volatility of 7.26%.

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

Is Altisource Portfolio Solutions S.A. stock A Buy?

Altisource Portfolio Solutions S.A. 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: -1.390

Predicted Opening Price for Altisource Portfolio Solutions S.A. of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$11.36 $11.63 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Oct 08, 2021 "B. Riley" gave "$15.00 - $18.00" rating for ASPS. The price target was set to $11.75+18.3%.

Volatility and Risk
Daily Average Volatility: 7.26 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.26 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $11.75
Price: $11.63
Support: $10.91

ASPS Insider Trading Show all Trades

INSIDER POWER

3.537

Last 100 transactions
Buy: 519 619 | Sell: 146 930 (Shares)
Date Action Amount Person Type
Nov 13, 2021 Sell 1 762 Ritts Gregory J. Common Stock
Oct 01, 2021 Buy 1 583 Esterman Michelle D. Common Stock
Oct 01, 2021 Sell 1 762 Shepro William B Common Stock
Oct 01, 2021 Sell 1 571 Shepro William B Common Stock
Oct 01, 2021 Buy 3 333 Shepro William B Common Stock
Show all Insider Trades
INSIDER POWER

3.537

Last 100 transactions
Buy: 519 619 | Sell: 146 930 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 12.31 5.85 %
11.95 2.73 %
11.72 0.80 %
Current price: 11.63
Support 11.00 -5.44 %
10.77 -7.37 %
10.41 -10.49 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 14.24 22.44 %
13.93 19.78 %
11.75 1.03 %
Current price 11.63
Support 10.91 -6.19%
10.62 -8.68%
10.57 -9.11%

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About Altisource Portfolio Solutions S.A.

Altisource Portfolio Solutions SA Altisource Portfolio Solutions S.A. operates as a marketplace and transaction solutions provider for the real estate, mortgage, and consumer debt industries in the United States. The company’s Mortgage Services segment offers services that span the mortgage and real estate lifecycle outsourced by loan servicers, loan originators, home investors, and other sellers of single family homes. It provides asset management, insurance, residential proper... Read more

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