ASYS Forecast and Technical Stock Analysis
Sell candidate since 2019-09-20 PDF
Amtech Systems fell by -1.86% in the last day ( Friday, 20th Sep 2019 ) from $5.37 to $5.27 During the day the stock fluctuated 4.02% from a day low at $5.22 to a day high of $5.43. The price has fallen in 6 of the last 10 days , but is still up by 2.33% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -8 539 shares and in total 16 022 shares bought and sold for approximately $84 435.90.
- 30 day high of the ASYS stock price was $5.55 and low was $4.79.
- 90 day high was $6.25 and low was $4.79.
- 52 week high for Amtech Systems - $7.18 and low - $4.03.
Amtech Systems 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 -12.08% during the next 3 months and, with 90% probability hold a price between $3.83 and $4.91 at the end of this period.
Amtech Systems holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $5.36. On a fall, the stock will find some support from the long-term average at approximately $5.25. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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 September 19, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 56 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Amtech Systems finds support from accumulated volume at $5.25.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
3.44 %Average volatility
Very Low Low Medium High Very High
Amtech Systems 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.
|ASYS $5.27 ($-0.10 -1.86%)|
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