VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will AMSWA stock price go up or down on Mon, 17 Jun 2019?

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American Software Forecast and Stock Analysis

Technical AMSWA stock analysis for Friday June 14, 2019.

Buy candidate since 2019-06-06 Gain 4.93%


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.

Quick summary:

  • 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.

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 $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.

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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 $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.

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Relative Strength Index (RSI)

RSI14 is 69 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 $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.

Support: $12.90 Price: $14.05

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 $0.27 (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

Overall risk:

Very Low Low Medium High Very High

Evaluation:

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.

Strong Buy Candidate Upgraded

Will AMSWA stock price go up or down on Mon, 17 Jun 2019?

Predict

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