ASYS Forecast and Technical Stock Analysis
Hold candidate since 2019-12-09 Gain 5.32% PDF
Amtech Systems gained 1.87% in the last trading day ( Friday, 13th Dec 2019 ), rising from $6.41 to $6.53 , and has now gained 9 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 3.05% from a day low at $6.40 to a day high of $6.60. The price has risen in 8 of the last 10 days and is up by 9.2% over the past 2 weeks. Volume fell in the last day by -39 389 shares and in total, 49 027 shares bought and sold for approximately $320 146.00. 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 ASYS stock price was $6.60 and low was $5.02.
- 90 day high was $6.60 and low was $4.75.
- 52 week high for Amtech Systems - $7.18 and low - $4.03.
Amtech Systems has broken the wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $6.25, a level that may pose a second chance to hit a runner. According to fan-theory $7.11 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
Amtech Systems 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 $6.24 and $5.74. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday November 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. 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 87 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.
* 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 $6.06 and $5.71.
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, Amtech Systems finds support just below today's level at $6.06. If this is broken, then the next support from accumulated volume will be at $5.71 and $5.38.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.19 between high and low, or 3.05%. For the last week the stock has had a daily average volatility of 3.29%.
The stock is extremely overbought on RSI14 (87). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Amtech Systems has been rising for 9 days in a row, the risk for the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $6.24 (-4.40%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from pivot bottom found 18 days ago.)
3.29 %Average volatility
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|ASYS $6.53 ($0.12 1.87%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!