Alpha and Omega Semiconductor Limited Forecast and Stock Analysis
Technical AOSL stock analysis for Friday June 14, 2019.
Alpha and Omega Semiconductor Limited fell by -1.49% in the last day ( Friday, 14th Jun 2019 ) from $8.74 to $8.61 During day the stock fluctuated 2.11% from a day low at $8.54 to a day high of $8.72. The price has been going up and down for this period, and there has been a 0.82% 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 -106 652 shares and in total 47 245 shares bought and sold for approximately $406 779.00.
- 30 day high of the AOSL stock price was $10.33 and low was $8.22.
- 90 day high was $13.36 and low was $8.22.
- 52 week high for the Alpha and Omega Semiconductor Limited - $16.26 and low - $8.22.
Alpha and Omega Semiconductor Limited lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -25.72% during the next 3 months and, with 90% probability hold a price between $5.11 and $8.12 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Alpha and Omega Semiconductor Limited holds a buysignal 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 $9.83. On a fall, the stock will find some support from the short-term average at $8.60. 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. A sales signal was issued from a pivot top point on Thursday June 13, 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.
Relative Strength Index (RSI)
RSI14 is 41 and the stock is currently not being overbought or oversold
Support & Resistance
Alpha and Omega Semiconductor Limited finds support from accumulated volume at $8.54.
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 $0.18 between high and low, or 2.11%. For the last week the stock has had a daily average volatility of 4.33%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
4.33 %Average volatility
Very Low Low Medium High Very High
Alpha and Omega Semiconductor Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|AOSL $8.61 ($-0.13 -1.49%)|
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