AMSWA - American Software

Industry: Application Software Sector: Technology | Exchange: NASDAQ

Hold/Accumulate
Buy Score Rank #2906 out of #5176
Wed 26'th Jul 2017

PERIOD COVERED
2017-04-27 - 2017-07-26
CHANGE
0.60%
PRICE
$10.02
VOLUME
Sell
TREND

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

BOLLINGER
Sell
Request Prediction
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American Software Stock Analysis

Technical stock analysis for Wed 26'th Jul 2017

Hold candidate since 2017-07-25 Gain 0.60%

American Software gained 0.60% in the last trading day, rising from $9.96 to $10.02 The price has risen in 6 of the last 10 days and is up by 1.21% over the past 2 weeks. Volume fell in the last day by -35 254 shares, and in total, 18 446 shares bought and sold for approximately $184 829. 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.

Trend

American Software lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $9.65 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.92% during the next 3 months and, with 90% probability hold a price between $8.89 and $10.68 at the end of this period.

Signals

A buy signal was issued from a pivot bottom point on Friday July 21, 2017, 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. American Software 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 $10.02 and $10.51. A break-up above any of these levels will issue buy signals. 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)

RSI14 is 52 and the stock is currently not being overbought or oversold

Support & Resistance

American Software finds support from accumulated volume at . On the upside the stock meets some resistance from accumulated volume at $11.00, $11.08 and $10.54.

Support: $10.01 Price: $10.02 Resistance: $11.00
S: $10.01 Price: $10.02 R: $11.00

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $9.47 (-5.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

American Software holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Hold/Accumulate

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