Asta Funding Forecast and Stock Analysis
Technical ASFI stock analysis for Friday June 14, 2019.
No changes to the price of Asta Funding in the last trading day ( Friday, 14th Jun 2019 ). During day the stock fluctuated 5.68% from a day low at $6.69 to a day high of $7.07. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
- 30 day high of the ASFI stock price was $7.44 and low was $5.47.
- 90 day high was $7.44 and low was $4.27.
- 52 week high for the Asta Funding - $7.44 and low - $2.80.
Asta Funding lies in the middle of a very 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 60.84% during the next 3 months and, with 90% probability hold a price between $9.41 and $12.70 at the end of this period.
Asta Funding 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 $6.93 and $6.01. A break down below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closly at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Thursday June 13, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
Asta Funding finds support from accumulated volume at $6.76.
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 $0.38 between high and low, or 5.68%. For the last week, the stock has had a daily average volatility of 3.74%.
Our recommended stoploss: $6.67 (-4.75%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)
3.74 %Average volatility
Very Low Low Medium High Very High
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.
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|ASFI $7.00 ($0.00 0.00%)|
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