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Stop-loss: $9.09 (-3.50%)
Key Stats
P/E Ratio -11.11
Beta 0.78
* 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 - 80 ] RSI14 is 75 and the stock is currently not being overbought or oversold

Asure Software Inc stock downgraded from Strong Buy Candidate to Hold/Accumulate after Friday trading session. (Updated on July 30, 2021)


Buy or Hold candidate since 2021-07-23 Gain 5.13%

The Asure Software Inc stock price gained 1.40% on the last trading day (Friday, 30th Jul 2021), rising from $9.29 to $9.42. , 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 2.37% from a day low at $9.30 to a day high of $9.52. The price has risen in 7 of the last 10 days and is up by 14.88% 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, 31 thousand more shares were traded than the day before. In total, 68 thousand shares were bought and sold for approximately $636.92 thousand.

The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $9.40, a level that may pose a second chance to hit a runner. According to fan-theory $10.45 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

Signals & Forecast

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 $9.03 and $8.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, July 13, 2021, and so far it has risen 14.88%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Asure Software Inc 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.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $8.86 and $8.28. 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, Asure Software Inc finds support just below today's level at $8.86. If this is broken, then the next support from accumulated volume will be at $8.28 and $8.18.

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 $0.22 between high and low, or 2.37%. For the last week, the stock has had a daily average volatility of 4.52%.

Our recommended stop-loss: $9.09 (-3.50%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)

Is Asure Software Inc stock A Buy?

Asure Software Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: 0.000

Predicted Opening Price for Asure Software Inc of Monday, August 2, 2021

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

Fair opening price August 2, 2021 Current price
$9.41 $9.42 (Overvalued)
Hold/Accumulate Downgraded

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Analyst Ratings

Needham & Company LLC is very positive about ASUR and gave it a "Buy" rating on March 18, 2021. The price target was changed from $9.00 to $11.00.

Volatility
4.52 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

No Resistance Found
Price: $9.42
Support: $8.86

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 9.63 2.26 %
9.55 1.37 %
9.50 0.82 %
Current price: 9.42
Support 9.33 -0.96 %
9.28 -1.51 %
9.19 -2.41 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 9.42
Support 8.86 -5.94%
8.28 -12.10%
8.18 -13.16%

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About Asure Software Inc

Asure Software Asure Software, Inc. provides cloud-based software-as-a-service (SaaS) time and labor management, and workspace management solutions worldwide. The company offers a suite of solutions to help clients optimize and manage their mobile workforces and their global workspaces. Its SaaS-based offerings include asset management, mobile room scheduling, mobile time tracking, scheduling software, space utilization solutions, tablet-based time clocks, time... Read more

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