Monday October 14, 2019 Change -0.06% Price $15.78
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell
Bullish vs. Bearish (4 opinions)
100%
0%
Social Sentiment 0.32

AMSWA Forecast and Technical Stock Analysis


Buy candidate since 2019-10-02 Gain 6.08% PDF

American Software fell by -0.06% in the last day ( Monday, 14th Oct 2019 ) from $15.79 to $15.78 During the day the stock fluctuated 1.92% from a day low at $15.66 to a day high of $15.96. The price has been going up and down for this period, and there has been a 5.06% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -28 604 shares and in total 35 171 shares bought and sold for approximately $554 998.00.

Quick summary:

  • 30 day high of the AMSWA stock price was $16.02 and low was $14.41.
  • 90 day high was $16.06 and low was $12.93.
  • 52 week high for American Software - $16.06 and low - $8.99.
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Trend

American Software lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.68% during the next 3 months and, with 90% probability hold a price between $17.98 and $20.19 at the end of this period.

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Signals

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 $15.42 and $15.05. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday October 11, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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A buy signal from a double bottom formation was found on Thursday October 03, 2019 and based on theory for this formation the price should go up by 1.42% to $16.27 within 13 trading days since signal was issued (Tuesday October 22, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 62 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

American Software finds support from accumulated volume at $15.08.

Support: $15.08 Price: $15.78 Resistance: $15.79

Risk

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

Our recommended stop-loss: $15.15 (-3.99%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 day(s) ago.)

1.88 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

Several short-term signals, along with a general good trend, 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. 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.

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