Astro-Med Forecast and Stock Analysis
Technical ALOT stock analysis for Wednesday June 19, 2019.
Astro-Med gained 2.34% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $25.22 to $25.81 , and has now gained 3 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 day the stock fluctuated 3.97% from a day low at $25.34 to a day high of $26.34. The price has risen in 6 of the last 10 days , but is still down by -0.46% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 15 090 more shares were traded than the day before. In total, 42 152 shares bought and sold for approximately $1.09 million.
- 30 day high of the ALOT stock price was $26.97 and low was $24.37.
- 90 day high was $27.96 and low was $18.73.
- 52 week high for the Astro-Med - $27.96 and low - $16.74.
Astro-Med lies in the middle of a 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 21.4% during the next 3 months and, with 90% probability hold a price between $29.84 and $35.89 at the end of this period.
Only positive signals in the chart today. Astro-Med holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $25.54 and $25.74. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday June 17, 2019, which indicates further gains until a new top pivot has been found. Astro-Med has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
Astro-Med finds support from accumulated volume at $25.50.
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 $1.01 (3.97%) between high and low. For the last week, the stock has had a daily average volatility of 3.68%.
Our recommended stoploss: $24.67 (-4.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
3.68 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
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