AMSWA Forecast and Technical Stock Analysis
Buy candidate since 2019-08-12 Gain 3.30%
American Software gained 0.64% in the last trading day ( Monday, 19th Aug 2019 ), rising from $13.98 to $14.07 , 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 1.36% from a day low at $14.02 to a day high of $14.21. The price has risen in 5 of the last 10 days and is up by 5.79% over the past 2 weeks. Volume fell in the last day by -17 354 shares and in total, 32 599 shares bought and sold for approximately $458 668.00. 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 AMSWA stock price was $14.21 and low was $12.93.
- 90 day high was $14.99 and low was $12.09.
- 52 week high for American Software - $18.94 and low - $8.99.
American Software is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect American Software with a 90% probability to be traded between $13.03 and $15.13 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
American Software 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 $13.76 and $13.38. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday August 06, 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 ]
RSI14 is 63 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
On the downside, the stock finds support just below today's level from accumulated volume at $13.36 and $13.15.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, American Software finds support just below today's level at $13.36. If this is broken, then the next support from accumulated volume will be at $13.15 and $12.90.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: $13.52 (-3.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 9 days ago.)
1.98 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.
|AMSWA $14.07 ($0.09 0.64%)|
AMSWA is up $0.09 today, but where's it headed in 2019?
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Golden Star Signal
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