Fri 20'th Oct 2017
American Assets Trust Inc Stock Analysis
Technical stock analysis for Fri 20'th Oct 2017
Sell candidate since 2017-10-19 Loss -2.01%
American Assets Trust Inc has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $39.78 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
There are few to none technical positive signals at the moment. American Assets Trust Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $40.41 and $40.41. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday October 11, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 35 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days. On the upside the stock meets some resistance just above today's level from accumulated volume at $39.77, $40.09 and $40.20.
The stock is about to test the resistance from accumulated volume at $39.77 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.06 (2.73%) between high and low. For the last week, the stock has had a daily average volatility of 1.66%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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American Assets Trust Inc holds several negative signals and is within a narrow 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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