AMOT Forecast and Technical Stock Analysis
Buy candidate since 2019-12-05 Gain 3.84% PDF
Allied Motion Technologies gained 1.19% in the last trading day ( Wednesday, 11th Dec 2019 ), rising from $45.48 to $46.02 , 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 the day the stock fluctuated 2.02% from a day low at $45.24 to a day high of $46.16. The price has fallen in 7 of the last 10 days , but is still up by 1.72% over the past 2 weeks. Volume fell in the last day by -9 266 shares and in total, 26 025 shares bought and sold for approximately $1.20 million. 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.
- 30 day high of the AMOT stock price was $46.16 and low was $42.11.
- 90 day high was $46.62 and low was $33.28.
- 52 week high for Allied Motion Technologies - $50.58 and low - $30.98.
Allied Motion Technologies 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 28.81% during the next 3 months and, with 90% probability hold a price between $53.21 and $65.61 at the end of this period.
Allied Motion Technologies 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 $44.72 and $43.17. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday December 09, 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock holds a RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Allied Motion Technologies finds support from accumulated volume at $45.27.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: $44.35 (-3.63%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from pivot bottom found 2 days ago.)
2.60 %Average volatility
Very Low Low Medium High Very High
Allied Motion Technologies holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate candidate.
|AMOT $46.02 ($0.54 1.19%)|
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