Amtech Systems Forecast and Stock Analysis
Technical ASYS stock analysis for Thursday May 23, 2019.
|Price to book||USD 1.00|
|Next Earnings Date||2019-08-04|
Amtech Systems fell by -1.85% in the last day ( Thursday, 23rd May 2019 ) from $5.96 to $5.85 and has now fallen 3 days in a row. During day the stock fluctuated 3.23% from a day low at $5.78 to a day high of $5.96. The price has fallen in 7 of the last 10 days and is down by -7.73% for this period. Volume has increased in the last day by 4 558 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 18 192 shares bought and sold for approximately $106 423.00.
- 30 day high of the ASYS stock price was $6.87 and low was $5.76.
- 90 day high was $7.18 and low was $4.68.
- 52 week high for the Amtech Systems - $10.67 and low - $4.03.
Amtech Systems has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $6.21. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. Amtech Systems holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $6.02 and $6.43. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday May 15, 2019, which indicates further falls until a new bottom pivot has been found. Amtech Systems gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
RSI14 is 15 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $5.36 and $5.21.
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 $5.36. If this is broken, then the next support from accumulated volume will be at $5.21 and $5.03.
This stock may move much during a 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 $0.19 between high and low, or 3.23%. For the last week, the stock has had a daily average volatility of 2.69%.
Amtech Systems is overbought on RSI14 (15). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
2.69 %Average volatility
Very Low Low Medium High Very High
The Amtech Systems stock holds several negative signals and despite the positive trend we believe Amtech Systems will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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|ASYS $5.85 ($-0.11 -1.85%)|
ASYS is down $0.11 today, but where's it headed in 2019?
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