Weaker Buy Today AMSWA ranks #28 as BUY CANDIDATE. Stronger Buy
Today AMSWA ranks #28 as BUY CANDIDATE.

AMSWA stock American Software

AMSWA stock
American Software

February 21, 2019
Change 1.91%
Chart period: 2018-11-23 - 2019-02-21
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will AMSWA stock price go up or down on Fri, 22 Feb 2019?

American Software Forecast and Stock Analysis

Technical AMSWA stock analysis for February 21, 2019.

Buy candidate since 2019-02-20 Gain 1.91%
Shorts n/a
Cash n/a
Loans n/a
Beta 0.63
ROA 6.29

American Software gained 1.91% in the last trading day, rising from $11.53 to $11.75 , 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. The price has risen in 7 of the last 10 days and is up by 3.34% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 218 878 more shares were traded than the day before. In total, 299 217 shares bought and sold for approximately $3.52 million.

Close price at the end of the last trading day (Thursday, 21st Feb 2019) of the AMSWA stock was $11.75. This is 1.91% more than the trading day before Wednesday, 20th Feb 2019.

During day the stock fluctuated 6.98% from a day low at $11.18 to a day high of $11.96.

30 day high of the AMSWA stock price was $11.96 and low was $10.42.
90 day high was $11.96 and low was $8.99.
52 week high for the American Software - $18.94 and low - $8.99.

Trend

American Software lies in the upper part of a wide and strong rising 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 $12.14 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 11.72% during the next 3 months and, with 90% probability hold a price between $11.35 and $13.56 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. 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 $11.44 and $10.94. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday February 11, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 70 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $10.72 and $9.60.

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 $10.72. If this is broken, then the next support from accumulated volume will be at $9.60 and $9.30.

Support: $10.72 Price: $11.75

Risk

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 $0.78 (6.98%) between high and low. For the last week, the stock has had a daily average volatility of 5.27%.

Our recommended stoploss: $11.22 (-4.49%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 7 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Buy Candidate

American Software holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Weaker Buy Today AMSWA ranks #28 as BUY CANDIDATE. Stronger Buy
Today AMSWA ranks #28 as BUY CANDIDATE.