AMOT Forecast and Technical Stock Analysis
Sell candidate since 2019-10-15 PDF
Allied Motion Technologies gained 2.68% in the last trading day ( Tuesday, 15th Oct 2019 ), rising from $33.92 to $34.83 During the day the stock fluctuated 3.08% from a day low at $33.84 to a day high of $34.88. The price has been going up and down for this period, and there has been a 1.96% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 192 more shares were traded than the day before. In total, 24 834 shares bought and sold for approximately $864 968.00.
- 30 day high of the AMOT stock price was $40.32 and low was $33.28.
- 90 day high was $40.91 and low was $30.98.
- 52 week high for Allied Motion Technologies - $52.20 and low - $30.98.
Allied Motion Technologies lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.32% during the next 3 months and, with 90% probability hold a price between $26.33 and $34.79 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday October 10, 2019, which indicates further gains until a new top pivot has been found. Allied Motion Technologies 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Allied Motion Technologies holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $35.27. On a fall, the stock will find some support from the short-term average at $33.97. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 29 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
Allied Motion Technologies finds support from accumulated volume at $34.45.
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 $1.04 between high and low, or 3.08%. For the last week, the stock has had a daily average volatility of 2.83%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.83 %Average volatility
Very Low Low Medium High Very High
Allied Motion Technologies 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 Hold/Accumulate to a Sell Candidate.
|AMOT $34.83 ($0.91 2.68%)|
AMOT is up $0.91 today, but where's it headed in 2019?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
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