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Aspen Technology Stock Forecast NASDAQ:AZPN

$145.16 (-2.84%)

Volume: 293k

Closed: Nov 26, 2021

Hollow Logo Score: -2.588

Aspen Technology Stock Forecast

$145.16 (-2.84%)

Volume: 293k

Closed: Nov 26, 2021

Score Hollow Logo -2.588
Which way will AZPN go? Request
Key Stats
P/E Ratio 29.75
Beta 0.65
* 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 28 and the stock is currently not being overbought or oversold

Red day on Friday for Aspen Technology stock after losing 2.84%
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-24 Loss -2.84%

The Aspen Technology stock price fell by -2.84% on the last day (Friday, 26th Nov 2021) from $149.41 to $145.16. and has now fallen 3 days in a row. During the day the stock fluctuated 2.45% from a day low at $144.75 to a day high of $148.29. The price has been going up and down for this period, and there has been a -4.66% loss for the last 2 weeks. Volume has increased on the last day by 33 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, 293 thousand shares were bought and sold for approximately $42.56 million.

Given the current short-term trend, the stock is expected to rise 26.05% during the next 3 months and, with a 90% probability hold a price between $182.97 and $234.82 at the end of this 3-month period.

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 $151.82 and $156.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, October 14, 2021, and so far it has fallen -13.57%. 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. The stock had a Golden Star Signal on Monday, July 19, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Monday, July 19, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $137.64 and $128.17. 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, Aspen Technology finds support just below today's level at $137.64. If this is broken, then the next support from accumulated volume will be at $128.17 and $127.00.

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 $3.54 between high and low, or 2.45%. For the last week, the stock has had a daily average volatility of 2.83%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

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: -2.588

Predicted Opening Price for Aspen Technology of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$146.07 $145.16 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Oct 28, 2021 "KeyCorp" gave "$180.00 - $175.00" rating for AZPN. The price target was changed from $150.15 to 2.4%.

Volatility and Risk
Daily Average Volatility: 2.83 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.83 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $154.91
Price: $145.16
Support: $137.64

AZPN Insider Trading Show all Trades

INSIDER POWER

1.883

Last 100 transactions
Buy: 336 698 | Sell: 178 827 (Shares)
Date Action Amount Person Type
Nov 18, 2021 Sell 1 531 Casey Donald P Director Stock Option (Right to Buy)
Nov 18, 2021 Sell 650 Casey Donald P Common Stock
Nov 18, 2021 Sell 10 023 Casey Donald P Common Stock
Nov 18, 2021 Buy 1 531 Casey Donald P Common Stock
Nov 18, 2021 Buy 1 474 Casey Donald P Common Stock
Show all Insider Trades
INSIDER POWER

1.883

Last 100 transactions
Buy: 336 698 | Sell: 178 827 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 149.61 3.06 %
148.25 2.13 %
147.42 1.56 %
Current price: 145.16
Support 144.71 -0.31 %
143.88 -0.88 %
142.53 -1.81 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 164.03 13.00 %
159.00 9.53 %
154.91 6.72 %
Current price 145.16
Support 137.64 -5.18%
128.17 -11.70%
127.00 -12.51%

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About Aspen Technology

Aspen Technology Aspen Technology, Inc., together with its subsidiaries, provides software and services to the process industries in the United States, Europe, and internationally. It operates through two segments, Subscription and Software, and Services. The company licenses integrated process optimization software solutions and associated support services designed to manage and optimize plant and process design, operational performance, and supply chain plannin... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

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