Asure Software Inc Stock Forecast
Asure Software Inc stock price up 0.575% on Friday
(Updated on Mar 24, 2023)
The Asure Software Inc stock price gained 0.575% on the last trading day (Friday, 24th Mar 2023), rising from $13.92 to $14.00. During the last trading day the stock fluctuated 2.99% from a day low at $13.70 to a day high of $14.11. The price has risen in 6 of the last 10 days and is up by 3.4% over the past 2 weeks. Volume fell on the last day by -133 thousand shares and in total, 334 thousand shares were bought and sold for approximately $4.67 million. 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.
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The stock lies in the middle of a 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 51.8% during the next 3 months and, with a 90% probability hold a price between $19.35 and $23.87 at the end of this 3-month period.
ASUR Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 08, 2023, and so far it has fallen -4.44%. 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). The Asure Software Inc 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 $13.69 and $12.50. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
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Support, Risk & Stop-loss for Asure Software Inc stock
Asure Software Inc finds support from accumulated volume at $13.92 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.410 between high and low, or 2.99%. For the last week, the stock has had daily average volatility of 3.94%.
Our recommended stop-loss: $13.40 (-4.27%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (ASUR) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Asure Software Inc to open at $13.94, and during the day (based on 14 day Average True Range), to move between $13.33 and $14.67, which gives a possible trading interval of +/-$0.671 (+/-4.80%) up or down from last closing price. If Asure Software Inc takes out the full calculated possible swing range there will be an estimated 9.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.92 (0.57%) than the resistance at $14.25 (1.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Asure Software Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Asure Software Inc stock to perform well in the short-term.
Current score: 4.327 Open Broker AccountBuy Candidate Unchanged
Predicted Opening Price for Asure Software Inc of Monday, March 27, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price March 27, 2023||Current price|
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Trading levels for ASUR
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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About Asure Software Inc
Asure Software, Inc. provides cloud-based human capital management solutions the United States. It helps various small and mid-sized businesses to build productive teams to help them stay compliant and allocate resources to grow their business. The company's solutions include Asure Payroll & Tax, an integrated cloud-based solution automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, dir... ASUR Profile
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