AEIS Forecast and Technical Stock AnalysisSell candidate since 2019-07-19
Advanced Energy Industries fell by -0.34% in the last day ( Friday, 19th Jul 2019 ) from $55.75 to $55.56 During day the stock fluctuated 2.58% from a day low at $55.42 to a day high of $56.85. The price has risen in 6 of the last 10 days and is up by 0.49% 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 -123 389 shares and in total 188 926 shares bought and sold for approximately $10.50 million.
- 30 day high of the AEIS stock price was $58.26 and low was $51.11.
- 90 day high was $59.30 and low was $47.20.
- 52 week high for the Advanced Energy Industries - $64.25 and low - $38.75.
Advanced Energy Industries is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend you can expect Advanced Energy Industries with 90% probability to be traded between $45.54 and $56.88 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 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 $53.98 and $53.62. A break down below any of these levels will issue sell signals. 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 Thursday July 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 48 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 behavior.
Support & Resistance
Advanced Energy Industries finds support from accumulated volume at $53.84.
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 $1.43 (2.58%) between high and low. For the last week, the stock has had a daily average volatility of 2.70%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
2.70 %Average volatility
Very Low Low Medium High Very High
Advanced Energy Industries 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.
|AEIS $55.56 ($-0.19 -0.34%)|
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