Aehr Test Systems Stock Analysis
Technical stock analysis for 18 January 2019
Aehr Test Systems gained 6.60% in the last trading day, rising from $1.06 to $1.13 The price has fallen in 6 of the last 10 days and is down by -21.53% for this period. Volume fell in the last day by -214 963 shares, and in total, 323 829 shares bought and sold for approximately $365 927.00. 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, 18th Jan 2019) of the AEHR stock was $1.13. This is 6.6% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 13.08% from a day low at $1.07 to a day high of $1.21.
30 day high of the AEHR stock price was $1.97 and low was $1.03.
90 day high was $2.13 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 lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $1.05 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -32.06% during the next 3 months and, with 90% probability hold a price between $0.71 and $1.21 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday January 17, 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. Aehr Test Systems holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $1.30 and $1.54. A break-up above any of these levels will issue buy signals. 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.
Relative Strength Index (RSI)
RSI14 is 41 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 $1.06.
With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.00 may give a huge drop in the stock price.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.14 between high and low, or 13.08%. For the last week the stock has had a daily average volatility of 13.59%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Aehr Test Systems holds several negative signals and is within a very wide 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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
|AEHR $1.13 $0.07(6.60%)|
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