ASPS Forecast and Technical Stock Analysis
Buy candidate since 2019-12-11 PDF
Altisource Portfolio Solutions S.A. gained 0.27% in the last trading day ( Wednesday, 11th Dec 2019 ), rising from $18.79 to $18.84 During the day the stock fluctuated 1.98% from a day low at $18.70 to a day high of $19.07. The price has risen in 8 of the last 10 days and is up by 3.86% over the past 2 weeks. Volume fell in the last day by -39 913 shares and in total, 35 081 shares bought and sold for approximately $660 926.00. 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.
- 30 day high of the ASPS stock price was $19.42 and low was $16.92.
- 90 day high was $23.58 and low was $15.30.
- 52 week high for Altisource Portfolio Solutions S.A. - $27.08 and low - $15.30.
Altisource Portfolio Solutions S.A. 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 -16.24% during the next 3 months and, with 90% probability hold a price between $11.76 and $17.46 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 $18.76 and $18.32. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday December 10, 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock holds a RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $17.82 and $17.61.
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 $17.82. If this is broken, then the next support from accumulated volume will be at $17.61 and $15.96.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: $17.86 (-5.18%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from pivot bottom found 1 days ago.)
2.73 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our analysis conclusion for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate candidate.
|ASPS $18.84 ($0.05 0.27%)|
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