Previous Hold Today AEHR ranks #2339 as HOLD CANDIDATE #2339 Next Hold

AEHR stock forecast Aehr Test Systems

AEHR stock forecast

Wednesday November 13, 2019 Change 6.31% Price $2.19
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

AEHR Forecast and Technical Stock Analysis


Hold candidate since 2019-11-12 Gain 6.31% PDF

Aehr Test Systems gained 6.31% in the last trading day ( Wednesday, 13th Nov 2019 ), rising from $2.06 to $2.19 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 11.11% from a day low at $2.07 to a day high of $2.30. The price has risen in 7 of the last 10 days and is up by 32.73% over the past 2 weeks. Volume fell in the last day by -15 137 shares and in total, 216 794 shares bought and sold for approximately $474 779.00. 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.

Quick summary:

  • 30 day high of the AEHR stock price was $2.30 and low was $1.61.
  • 90 day high was $2.30 and low was $1.27.
  • 52 week high for Aehr Test Systems - $2.30 and low - $1.03.
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Trend

Aehr Test Systems has broken the very wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $2.10, a level that may pose a second chance to hit a runner. According to fan-theory $2.53 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Signals

Aehr Test Systems holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $1.84 and $1.76. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday November 08, 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 also not.

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A sell signal from a double top formation was found on Thursday November 07, 2019 and based on theory for this formation the price should fall by -0.05% to $1.65 within 2 trading days since signal was issued (Monday November 11, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 70 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $1.91 and $1.79.

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 $1.91. If this is broken, then the next support from accumulated volume will be at $1.79 and $1.67.

Support: $1.91 Price: $2.19

Risk

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 $0.23 between high and low, or 11.11%. For the last week the stock has had a daily average volatility of 11.07%.

Our recommended stop-loss: $2.11 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)

11.07 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate

Evaluation

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 further development.

Previous Hold Today AEHR ranks #2339 as HOLD CANDIDATE #2339 Next Hold
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