Aehr Test Systems Forecast and Stock Analysis
Technical AEHR stock analysis for March 22, 2019.
Aehr Test Systems gained 2.94% in the last trading day, rising from $1.36 to $1.40 The price has been going up and down for this period, and there has been a 7.69% gain for the last 2 weeks. Volume fell in the last day by -25 842 shares, and in total, 9 874 shares bought and sold for approximately $13 823.60. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the AEHR stock was $1.40. This is 2.94% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 2.92% from a day low at $1.37 to a day high of $1.41.
30 day high of the AEHR stock price was $1.51 and low was $1.27.
90 day high was $1.97 and low was $1.03.
52 week high for the Aehr Test Systems - $2.94 and low - $1.03.
Aehr Test Systems lies in the middle of a very 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 2.72% during the next 3 months and, with 90% probability hold a price between $1.13 and $1.96 at the end of this period.
Aehr Test Systems holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $1.41. On a fall, the stock will find some support from the long-term average at approximately $1.38. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday March 21, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $1.21 and $1.12.
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, Aehr Test Systems finds support just below today's level at $1.21. If this is broken, then the next support from accumulated volume will be at $1.12 and $1.06.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $1.33 (-4.83%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Aehr Test Systems holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.