Advanced Energy Industries Stock Analysis
Technical stock analysis for 22 January 2019
Advanced Energy Industries fell by -4.94% in the last day from $48.00 to $45.63 The price has risen in 6 of the last 10 days and is up by 3.61% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -32 552 shares and in total 308 007 shares bought and sold for approximately $14.05 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the AEIS stock was $45.63. This is 4.94% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 5.28% from a day low at $45.29 to a day high of $47.68.
30 day high of the AEIS stock price was $48.50 and low was $38.75.
90 day high was $48.50 and low was $38.75.
52 week high for the Advanced Energy Industries - $77.99 and low - $38.75.
Given the current horizontal trend you can expect Advanced Energy Industries with 90% probability to be traded between $38.61 and $47.79 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Advanced Energy Industries 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 $46.00. On a fall, the stock will find some support from the long-term average at approximately $43.34. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 59 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 $43.03 and $41.43.
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, Advanced Energy Industries finds support just below today's level at $43.03. If this is broken, then the next support from accumulated volume will be at $41.43 and $40.00.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.39 between high and low, or 5.28%. For the last week, the stock has had a daily average volatility of 3.83%.
Our recommended stoploss: $42.74 (-6.33%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)
Very Low Low Medium High Very High
Advanced Energy Industries 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.
|AEIS $45.63 $-2.37(-4.94%)|
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