AMSWA Forecast and Technical Stock Analysis
Hold candidate since 2019-12-10 Gain 0.84% PDF
American Software gained 0.84% in the last trading day ( Wednesday, 11th Dec 2019 ), rising from $15.45 to $15.58 , 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. During the day the stock fluctuated 2.08% from a day low at $15.38 to a day high of $15.70. The price has risen in 5 of the last 10 days and is up by 0.45% 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, 42 237 more shares were traded than the day before. In total, 88 776 shares bought and sold for approximately $1.38 million.
- 30 day high of the AMSWA stock price was $17.11 and low was $15.03.
- 90 day high was $17.11 and low was $14.41.
- 52 week high for American Software - $17.11 and low - $8.99.
American Software lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. A break down the bottom trend line at $15.30 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.24% during the next 3 months and, with 90% probability hold a price between $16.26 and $18.34 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday December 09, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. American Software holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $16.03. On a fall, the stock will find some support from the short-term average at $15.38. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 32 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 $15.51.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.32 between high and low, or 2.08%. For the last week, the stock has had a daily average volatility of 1.56%.
Our recommended stop-loss: $14.63 (-6.09%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
1.56 %Average volatility
Very Low Low Medium High Very High
American Software holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development.
|AMSWA $15.58 ($0.13 0.84%)|
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