Altisource Portfolio Solutions S.A. Stock Forecast
Volatile ride for Altisource Portfolio Solutions S.A. stock price on Wednesday moving between $1.64 and $1.82
(Updated on Apr 24, 2024)
The Altisource Portfolio Solutions S.A. stock price gained 2.41% on the last trading day (Wednesday, 24th Apr 2024), rising from $1.66 to $1.70. During the last trading day the stock fluctuated 11.31% from a day low at $1.64 to a day high of $1.82. The price has risen in 6 of the last 10 days and is up by 8.97% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 thousand more shares were traded than the day before. In total, 72 thousand shares were bought and sold for approximately $122.81 thousand.
The stock 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 -45.22% during the next 3 months and, with a 90% probability hold a price between $0.666 and $1.12 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ASPS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 16.44%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Altisource Portfolio Solutions S.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Altisource Portfolio Solutions S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.05. On a fall, the stock will find some support from the short-term average at $1.61. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Altisource Portfolio Solutions S.A. stock
Altisource Portfolio Solutions S.A. finds support from accumulated volume at $1.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the 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 $0.185 between high and low, or 11.31%. For the last week, the stock has had daily average volatility of 9.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASPS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Altisource Portfolio Solutions S.A. to open at $1.72, and during the day (based on 14 day Average True Range), to move between $1.54 and $1.86, which gives a possible trading interval of +/-$0.162 (+/-9.54%) up or down from last closing price. If Altisource Portfolio Solutions S.A. takes out the full calculated possible swing range there will be an estimated 19.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.72 (1.18%) than the support at $1.64 (3.53%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Altisource Portfolio Solutions S.A. will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.260. We will update the financials statements for Altisource Portfolio Solutions S.A., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.05% in the first trading day after earnings release.
Is Altisource Portfolio Solutions S.A. stock A Buy?
Altisource Portfolio Solutions S.A. 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.
Current score: -3.306 Sell Candidate Unchanged
Predicted Opening Price for Altisource Portfolio Solutions S.A. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $1.72 ( 1.08%) | $1.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASPS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.90 | 11.96 % | |
| R2 | 1.83 | 7.80 % | ||
| R1 | 1.79 | 5.24 % | ||
| Current price: | 1.70 | |||
| Support | S1 | 1.65 | -3.08 % | |
| S2 | 1.60 | -5.65 % | ||
| S3 | 1.53 | -9.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.95 | 14.71 % | |
| R2 | 1.89 | 11.18 % | ||
| R1 | 1.72 | 1.18 % | ||
| Current price | 1.70 | |||
| Support | S1 | 1.64 | -3.53% | |
| S2 | 1.56 | -8.24% | ||
| S3 | 1.48 | -12.94% |
FAQ
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