Alpha and Omega Semiconductor Limited Forecast and Stock Analysis
Technical AOSL stock analysis for February 21, 2019.
No changes to the price of Alpha and Omega Semiconductor Limited in the last trading day. The price has fallen in 5 of the last 10 days and is down by -4.61% for this period.
Close price at the end of the last trading day (Thursday, 21st Feb 2019) of the AOSL stock was $11.39.
During day the stock fluctuated 3.05% from a day low at $11.14 to a day high of $11.48.
30 day high of the AOSL stock price was $12.42 and low was $10.15.
90 day high was $12.42 and low was $9.60.
52 week high for the Alpha and Omega Semiconductor Limited - $17.12 and low - $9.01.
Alpha and Omega Semiconductor Limited 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 10.65% during the next 3 months and, with 90% probability hold a price between $11.68 and $14.12 at the end of this period.
Alpha and Omega Semiconductor Limited 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 $11.22 and $11.07. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday February 19, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Relative Strength Index (RSI)
RSI14 is 42 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 $10.17 and $10.05.
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, Alpha and Omega Semiconductor Limited finds support just below today's level at $10.17. If this is broken, then the next support from accumulated volume will be at $10.05 and $9.94.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.34 between high and low, or 3.05%. For the last week the stock has had a daily average volatility of 4.43%.
Our recommended stoploss: $10.64 (-6.57%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
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Evaluation: Buy Candidate
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.