Allied Motion Technologies Forecast and Stock Analysis
Technical AMOT stock analysis for April 24, 2019.
Allied Motion Technologies fell by -0.46% in the last day from $36.96 to $36.79 and has now fallen 4 days in a row. The price has been going up and down for this period, and there has been a 3.93% gain for the last 2 weeks. Volume has increased in the last day by 24 340 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, 71 201 shares bought and sold for approximately $2.62 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the AMOT stock was $36.79. This is 0.46% less than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 1.75% from a day low at $36.53 to a day high of $37.17.
30 day high of the AMOT stock price was $38.47 and low was $34.01.
90 day high was $43.63 and low was $34.01.
52 week high for the Allied Motion Technologies - $55.47 and low - $34.01.
Allied Motion Technologies lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $37.95 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -17.08% during the next 3 months and, with 90% probability hold a price between $26.35 and $31.47 at the end of this period.
There are few to none technical positive signals at the moment. 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 $37.44 and $37.68. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday April 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 62 and the stock is currently not being overbought or oversold
Support & Resistance
Allied Motion Technologies finds support from accumulated volume at $36.63.
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 $0.64 (1.75%) between high and low. For the last week, the stock has had a daily average volatility of 2.35%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Strong Sell Candidate
Allied Motion Technologies holds several negative signals and is within a wide and falling trend, so we believe 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 Sell Candidate to a Strong Sell Candidate.
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|AMOT $36.79 ($-0.17 -0.46%)|
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