Altisource Portfolio Solutions S.A. Forecast and Stock Analysis
Technical ASPS stock analysis for February 15, 2019.
Altisource Portfolio Solutions S.A. gained 2.52% in the last trading day, rising from $24.57 to $25.19 The price has been going up and down for this period, and there has been a 7.79% gain for the last 2 weeks. Volume fell in the last day by -23 416 shares, and in total, 33 773 shares bought and sold for approximately $850 742.00. 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 (Friday, 15th Feb 2019) of the ASPS stock was $25.19. This is 2.52% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 4.81% from a day low at $24.74 to a day high of $25.93.
30 day high of the ASPS stock price was $25.93 and low was $22.42.
90 day high was $25.93 and low was $19.36.
52 week high for the Altisource Portfolio Solutions S.A. - $37.86 and low - $19.36.
Altisource Portfolio Solutions S.A. lies in the upper part of a wide and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $25.48 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 7.41% during the next 3 months and, with 90% probability hold a price between $22.39 and $27.37 at the end of this period.
Altisource Portfolio Solutions S.A. 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 $24.34 and $23.38. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 08, 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 64 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 $23.37 and $21.22.
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, Altisource Portfolio Solutions S.A. finds support just below today's level at $23.37. If this is broken, then the next support from accumulated volume will be at $21.22 and $19.64.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $24.31 (-3.49%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)
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Evaluation: Strong Buy Candidate
Altisource Portfolio Solutions S.A. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.