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 ASPS
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High volatility in Altisource Portfolio Solutions S.A. stock price on Wednesday which ended trading at $1.95
(Updated on Mar 27, 2024)

Sell candidate since Mar 08, 2024 Loss -30.60% PDF

The Altisource Portfolio Solutions S.A. stock price gained 3.17% on the last trading day (Wednesday, 27th Mar 2024), rising from $1.89 to $1.95. During the last trading day the stock fluctuated 10.86% from a day low at $1.80 to a day high of $1.99. The price has fallen in 6 of the last 10 days and is down by -26.69% for this period. Volume fell on the last day by -372 thousand shares and in total, 221 thousand shares were bought and sold for approximately $431.44 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 lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.88 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -18.35% during the next 3 months and, with a 90% probability hold a price between $1.53 and $2.41 at the end of this 3-month period.

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ASPS Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 3.17%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Altisource Portfolio Solutions S.A. 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 $2.29 and $2.68. A break-up above any of these levels will issue buy signals. 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.

Support, Risk & Stop-loss for Altisource Portfolio Solutions S.A. stock

Altisource Portfolio Solutions S.A. finds support from accumulated volume at $1.89 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 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 $0.195 between high and low, or 10.86%. For the last week the stock has had daily average volatility of 12.43%.

Altisource Portfolio Solutions S.A. is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (ASPS) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Altisource Portfolio Solutions S.A. to open at $1.91, and during the day (based on 14 day Average True Range), to move between $1.74 and $2.16, which gives a possible trading interval of +/-$0.212 (+/-10.86%) up or down from last closing price. If Altisource Portfolio Solutions S.A. takes out the full calculated possible swing range there will be an estimated 21.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.89 (3.08%) than the resistance at $2.20 (12.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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

Altisource Portfolio Solutions S.A. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.608 Sell Candidate Upgraded

Predicted Opening Price for Altisource Portfolio Solutions S.A. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.91 ( 1.97%) $1.95

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

Trading levels for ASPS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.11 8.03 %
R2 2.03 4.21 %
R1 1.99 1.85 %
Current price: 1.95
Support S1 1.84 -5.79 %
S2 1.79 -8.15 %
S3 1.72 -11.97 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 2.20 12.82 %
Current price 1.95
Support S1 1.89 -3.08%
S2 0 .
S3 0 .

FAQ

What is the symbol for Altisource Portfolio Solutions S.A. Stock and on which exchange is it traded?
The symbol for Altisource Portfolio Solutions S.A. is ASPS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Altisource Portfolio Solutions S.A. Stock?
Altisource Portfolio Solutions S.A. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy Altisource Portfolio Solutions S.A. Stock?
Altisource Portfolio Solutions S.A. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Altisource Portfolio Solutions S.A. Stock.

What's the current price of Altisource Portfolio Solutions S.A. Stock?
As of the end of day on the 2024-03-27, the price of an Altisource Portfolio Solutions S.A. (ASPS) share was $1.95.

What is the 52-week high and low for Altisource Portfolio Solutions S.A. Stock?
The 52-week high for Altisource Portfolio Solutions S.A. Stock is $6.78 and the 52-week low is $1.77.

What is the market capitalization of Altisource Portfolio Solutions S.A. Stock?
As of the 2024-03-27, the market capitalization of Altisource Portfolio Solutions S.A. is 51.811M.

When is the next earnings date for Altisource Portfolio Solutions S.A.?
The upcoming earnings date for Altisource Portfolio Solutions S.A. is Apr 25, 2024.
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About Altisource Portfolio Solutions S.A.

Altisource Portfolio Solutions S.A. Altisource Portfolio Solutions S.A. operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States, India, Luxembourg, Uruguay, and internationally. It provides property preservation and inspection services, payment management technologies, and a vendor management oversight software-as-a-service (SaaS) platform. The company also offers Hubzu, an online real estate auction platform, as w... ASPS Profile

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