American Software Forecast and Stock Analysis
Technical AMSWA stock analysis for Friday June 14, 2019.
American Software gained 1.37% in the last trading day ( Friday, 14th Jun 2019 ), rising from $13.86 to $14.05 , and has now gained 4 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 day the stock fluctuated 1.95% from a day low at $13.83 to a day high of $14.10. The price has risen in 8 of the last 10 days and is up by 10.89% 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, 13 787 more shares were traded than the day before. In total, 46 872 shares bought and sold for approximately $658 552.00.
- 30 day high of the AMSWA stock price was $14.10 and low was $12.09.
- 90 day high was $14.10 and low was $11.28.
- 52 week high for the American Software - $18.94 and low - $8.99.
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 $14.19 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 13.77% during the next 3 months and, with 90% probability hold a price between $14.63 and $16.14 at the end of this period.
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 $13.63 and $13.18. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday June 11, 2019, which indicates further gains until a new top pivot has been found. American Software has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 69 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $12.90 and $12.80.
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 $12.90. If this is broken, then the next support from accumulated volume will be at $12.80 and $11.81.
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 $0.27 (1.95%) between high and low. For the last week, the stock has had a daily average volatility of 4.33%.
Our recommended stoploss: $13.50 (-3.95%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
4.33 %Average volatility
Very Low Low Medium High Very High
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.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
|AMSWA $14.05 ($0.19 1.37%)|
AMSWA is up $0.19 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for AMSWA based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the AMSWA analysis is free »
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us