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Weaker Hold
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Asure Software Inc Stock Forecast NASDAQ:ASUR

$8.53 (0.95%)

Volume: 24k

Closed: Dec 07, 2021

Hollow Logo Score: 0.587

Asure Software Inc Stock Forecast

$8.53 (0.95%)

Volume: 24k

Closed: Dec 07, 2021

Score Hollow Logo 0.587
Which way will ASUR go? Request
Stop-loss: $8.12 (-4.84%)
Key Stats
P/E Ratio 98.92
Beta 0.57
* 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 40 and the stock is currently not being overbought or oversold

Green day on Tuesday for Asure Software Inc stock after gaining 0.95%
(Updated on Dec 07, 2021)


Hold candidate since 2021-12-03 Gain 2.40%

The Asure Software Inc stock price gained 0.95% on the last trading day (Tuesday, 7th Dec 2021), rising from $8.45 to $8.53. , 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 2.97% from a day low at $8.42 to a day high of $8.67. The price has been going up and down for this period, and there has been a -1.39% loss for the last 2 weeks. Volume fell on the last day by -936 shares and in total, 24 thousand shares were bought and sold for approximately $205.50 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 part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $8.34 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.88% during the next 3 months and, with a 90% probability hold a price between $8.58 and $10.19 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 2.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 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 $9.00. On a fall, the stock will find some support from the short-term average at $8.49. 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. 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

Asure Software Inc finds support from accumulated volume at $8.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.25 between high and low, or 2.97%. For the last week the stock has had a daily average volatility of 4.05%.

Our recommended stop-loss: $8.12 (-4.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 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.

Current score: 0.587

Predicted Opening Price for Asure Software Inc of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$8.54 $8.53 (Undervalued)
Hold/Accumulate Unchanged

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Analyst Ratings

On Nov 10, 2021 "Cowen" gave "$11.00" rating for ASUR. The price target was changed from $9.16 to 3.9%.

Volatility and Risk
Daily Average Volatility: 4.05 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.05 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $8.68
Price: $8.53
Support: $8.49

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 8.79 3.05 %
8.69 1.93 %
8.64 1.24 %
Current price: 8.53
Support 8.44 -1.00 %
8.39 -1.69 %
8.29 -2.81 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 9.00 5.51 %
8.81 3.28 %
8.68 1.76 %
Current price 8.53
Support 8.49 -0.47%
8.45 -0.94%
8.43 -1.17%

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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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