Aehr Test Systems Forecast and Stock Analysis
Technical AEHR stock analysis for Thursday May 23, 2019.
|Price to book||USD 2.44|
|Next Earnings Date||2019-07-17|
No changes to the price of Aehr Test Systems in the last trading day ( Thursday, 23rd May 2019 ). During day the stock fluctuated 5.81% from a day low at $1.55 to a day high of $1.64. The price has fallen in 5 of the last 10 days and is down by -1.21% for this period.
- 30 day high of the AEHR stock price was $1.74 and low was $1.50.
- 90 day high was $2.19 and low was $1.27.
- 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 strong 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 19.05% during the next 3 months and, with 90% probability hold a price between $1.77 and $2.36 at the end of this period.
Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closly at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Aehr Test Systems holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $1.66. On a fall, the stock will find some support from the short-term average at $1.59. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Wednesday May 22, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 48 and the stock is currently not being overbought or oversold
Support & Resistance
Aehr Test Systems finds support from accumulated volume at $1.62.
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 $0.09 (5.81%) between high and low. For the last week, the stock has had a daily average volatility of 5.86%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
5.86 %Average volatility
Very Low Low Medium High Very High
Aehr Test Systems holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|AEHR $1.63 ($0.00 0.00%)|
AEHR is down $0.00 today, but where's it headed in 2019?
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