Asta Funding Forecast and Stock Analysis
Technical ASFI stock analysis for April 24, 2019.
Asta Funding gained 1.13% in the last trading day, rising from $4.55 to $4.60 , 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. The price has been going up and down for this period, and there has been a -2.48% loss for the last 2 weeks. Volume fell in the last day by -1 857 shares, and in total, 275 shares bought and sold for approximately $1 265.39. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the ASFI stock was $4.60. This is 1.13% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 0.00% from a day low at $4.60 to a day high of $4.60.
30 day high of the ASFI stock price was $4.74 and low was $4.30.
90 day high was $5.22 and low was $4.06.
52 week high for the Asta Funding - $5.22 and low - $2.80.
Asta Funding lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $4.41 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 7.89% during the next 3 months and, with 90% probability hold a price between $4.76 and $5.83 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday April 18, 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. Asta Funding 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 $4.69. On a fall, the stock will find some support from the short-term average at $4.57. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 54 and the stock is currently not being overbought or oversold
Support & Resistance
Asta Funding finds support from accumulated volume at $4.52.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Asta Funding 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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|ASFI $4.60 ($0.05 1.13%)|
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