RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ASUR
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Asure Software Inc stock upgraded to Sell Candidate.
(Updated on Mar 27, 2024)

Sell candidate since Mar 22, 2024 Loss -3.07% PDF

The Asure Software Inc stock price gained 3.27% on the last trading day (Wednesday, 27th Mar 2024), rising from $7.65 to $7.90. During the last trading day the stock fluctuated 3.81% from a day low at $7.62 to a day high of $7.91. The price has fallen in 6 of the last 10 days and is down by -9.51% for this period. Volume fell on the last day by -171 thousand shares and in total, 203 thousand shares were bought and sold for approximately $1.61 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.

The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $7.65 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Asure Software Inc stock with a 90% probability to be traded between $7.57 and $10.25 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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ASUR Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 3.27%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Asure Software Inc 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 $8.11 and $9.18. 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).

Support, Risk & Stop-loss for Asure Software Inc stock

Asure Software Inc finds support from accumulated volume at $7.65 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 $0.290 between high and low, or 3.81%. For the last week, the stock has had daily average volatility of 4.42%.

Asure Software Inc is oversold on RSI14 (23). 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 (ASUR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Asure Software Inc to open at $7.81, and during the day (based on 14 day Average True Range), to move between $7.53 and $8.27, which gives a possible trading interval of +/-$0.367 (+/-4.64%) up or down from last closing price. If Asure Software Inc takes out the full calculated possible swing range there will be an estimated 9.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.65 (3.16%) than the resistance at $8.27 (4.68%), 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?

Asure Software Inc 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: -3.669 Sell Candidate Upgraded

Predicted Opening Price for Asure Software Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$7.81 ( 1.14%) $7.90

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

Trading levels for ASUR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.10 2.53 %
R2 7.99 1.13 %
R1 7.92 0.263 %
Current price: 7.90
Support S1 7.70 -2.54 %
S2 7.63 -3.41 %
S3 7.52 -4.81 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 9.52 20.51 %
R2 9.02 14.18 %
R1 8.27 4.68 %
Current price 7.90
Support S1 7.65 -3.16%
S2 0 .
S3 0 .

FAQ

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

Should I buy or sell Asure Software Inc Stock?
Asure Software Inc 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 Asure Software Inc Stock?
Asure Software Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Asure Software Inc Stock.

What's the current price of Asure Software Inc Stock?
As of the end of day on the 2024-03-27, the price of an Asure Software Inc (ASUR) share was $7.90.

What is the 52-week high and low for Asure Software Inc Stock?
The 52-week high for Asure Software Inc Stock is $17.14 and the 52-week low is $6.31.

What is the market capitalization of Asure Software Inc Stock?
As of the 2024-03-27, the market capitalization of Asure Software Inc is 201.688M.

When is the next earnings date for Asure Software Inc?
The upcoming earnings date for Asure Software Inc is May 13, 2024.
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About Asure Software Inc

Asure Software 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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