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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 AZPN
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Aspen Technology stock price ended at $197.66 on Friday, after losing 0.97%.
(Updated on Jun 14, 2024)

Sell candidate since Jun 13, 2024 Loss -0.97% PDF

The Aspen Technology stock price fell by -0.97% on the last day (Friday, 14th Jun 2024) from $199.59 to $197.66. During the last trading day the stock fluctuated 2.10% from a day low at $196.00 to a day high of $200.12. The price has fallen in 8 of the last 10 days and is down by -6.17% for this period. Volume has increased on the last day by 42 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 147 thousand shares were bought and sold for approximately $29.12 million.

The stock lies in the middle of a wide and weak 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 2.45% during the next 3 months and, with a 90% probability hold a price between $195.75 and $229.03 at the end of this 3-month period.

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AZPN Signals & Forecast

There are few to no technical positive signals at the moment. The Aspen Technology 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 $201.94 and $207.42. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -10.94%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Aspen Technology stock

Aspen Technology finds support from accumulated volume at $197.54 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.13 between high and low, or 2.10%. For the last week, the stock has had daily average volatility of 2.08%.

Aspen Technology 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 (AZPN) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Aspen Technology to open at $197.93, and during the day (based on 14 day Average True Range), to move between $192.14 and $203.18, which gives a possible trading interval of +/-$5.52 (+/-2.79%) up or down from last closing price. If Aspen Technology takes out the full calculated possible swing range there will be an estimated 5.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $197.54 (0.06%) than the resistance at $197.79 (0.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Aspen Technology stock A Buy?

The Aspen Technology stock holds several negative signals and despite the positive trend, we believe Aspen Technology will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.441 Sell Candidate Unchanged

Predicted Opening Price for Aspen Technology of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$197.93 ( 0.134%) $197.66

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

Trading levels for AZPN

Fibonacci Support & Resistance Levels

Level Price
R3 202.05 2.22%
R2 200.47 1.42%
R1 199.50 0.93%
Price 197.66
S1 196.35 -0.663%
S2 195.38 -1.16%
S3 193.80 -1.95%

Accumulated Volume Support & Resistance Levels

Level Price
R3 221.30 11.96%
R2 205.94 4.19%
R1 197.79 0.0658%
Price 197.66
S1 197.54 -0.0607%
S2 194.92 -1.39%
S3 188.77 -4.50%

AZPN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 16, 2024 May 16, 2024 May 16, 2024 $0 0%
2 Feb 15, 2024 Feb 15, 2024 Feb 15, 2024 $0.525 0.290%

FAQ

What is the symbol for Aspen Technology Stock and on which exchange is it traded?
The symbol for Aspen Technology is AZPN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Aspen Technology Stock?
The Aspen Technology stock holds several negative signals and despite the positive trend, we believe Aspen Technology will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Aspen Technology Stock?
Aspen Technology Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Aspen Technology Stock.

What's the current price of Aspen Technology Stock?
As of the end of day on the Jun 14, 2024, the price of an Aspen Technology (AZPN) share was $197.66.

What is the 52-week high and low for Aspen Technology Stock?
The 52-week high for Aspen Technology Stock is $224.25 and the 52-week low is $161.32.

What is the market capitalization of Aspen Technology Stock?
As of the Jun 14, 2024, the market capitalization of Aspen Technology is 12.517B.

When is the next earnings date for Aspen Technology?
The upcoming earnings date for Aspen Technology is Aug 06, 2024.
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About Aspen Technology

Aspen Technology Aspen Technology, Inc. provides enterprise asset performance management, asset performance monitoring, and asset optimization solutions worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. It serves bulk chemicals, consumer packaged goods, downstream, food and beverage, metals and mining, midstream and LNG, pharmaceuticals, polymers, pulp and paper... AZPN Profile

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