AMOT Forecast and Technical Stock Analysis
Sell candidate since 2019-08-05 Loss -10.35%
Allied Motion Technologies fell by -0.09% in the last day ( Monday, 19th Aug 2019 ) from $33.97 to $33.94 During the day the stock fluctuated 3.15% from a day low at $33.33 to a day high of $34.38. The price has fallen in 7 of the last 10 days and is down by -10.35% for this period. Volume has increased in the last day by 11 191 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 41 587 shares bought and sold for approximately $1.41 million.
- 30 day high of the AMOT stock price was $40.91 and low was $32.91.
- 90 day high was $40.91 and low was $31.72.
- 52 week high for Allied Motion Technologies - $55.47 and low - $31.72.
Allied Motion Technologies lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $33.28 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.52% during the next 3 months and, with 90% probability hold a price between $35.78 and $44.22 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday August 15, 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. Allied Motion Technologies holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $34.09 and $37.53. A break-up above any of these levels will issue buy signals. Allied Motion Technologies gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock currently holds a RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of 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 $33.78.
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 $1.05 between high and low, or 3.15%. For the last week, the stock has had a daily average volatility of 2.94%.
Allied Motion Technologies is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.94 %Average volatility
Very Low Low Medium High Very High
The Allied Motion Technologies stock holds several negative signals and despite the positive trend we believe Allied Motion Technologies will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
|AMOT $33.94 ($-0.03 -0.09%)|
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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.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!