Allied Motion Technologies Forecast and Stock Analysis
Technical AMOT stock analysis for Friday June 14, 2019.
Allied Motion Technologies fell by -0.29% in the last day ( Friday, 14th Jun 2019 ) from $34.41 to $34.31 During day the stock fluctuated 0.76% from a day low at $34.15 to a day high of $34.41. The price has fallen in 6 of the last 10 days , but is still up by 5.67% 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 -9 161 shares and in total 15 839 shares bought and sold for approximately $543 436.00.
- 30 day high of the AMOT stock price was $37.09 and low was $31.72.
- 90 day high was $41.29 and low was $31.72.
- 52 week high for the Allied Motion Technologies - $55.47 and low - $31.72.
Allied Motion Technologies lies in the middle of a 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 -7.94% during the next 3 months and, with 90% probability hold a price between $28.80 and $35.79 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Allied Motion Technologies holds a buysignal 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 $35.69. On a fall, the stock will find some support from the short-term average at $34.25. 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. A sales signal was issued from a pivot top point on Monday June 10, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 41 and the stock is currently not being overbought or oversold
Support & Resistance
Allied Motion Technologies finds support from accumulated volume at $33.78.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.78 %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.
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|AMOT $34.31 ($-0.10 -0.29%)|
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