Amtech Systems Forecast and Stock Analysis
Technical ASYS stock analysis for March 19, 2019.
Amtech Systems gained 1.52% in the last trading day, rising from $5.28 to $5.36 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 8 of the last 10 days and is up by 12.37% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 33 725 more shares were traded than the day before. In total, 71 262 shares bought and sold for approximately $381 964.00.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the ASYS stock was $5.36. This is 1.52% more than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 3.89% from a day low at $5.25 to a day high of $5.45.
30 day high of the ASYS stock price was $5.45 and low was $4.68.
90 day high was $5.45 and low was $4.03.
52 week high for the Amtech Systems - $10.67 and low - $4.03.
Amtech Systems lies in the upper part of a wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $5.52 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 11.06% during the next 3 months and, with 90% probability hold a price between $5.07 and $6.13 at the end of this period.
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 $5.11 and $4.98. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday March 06, 2019, which indicates further gains until a new top pivot has been found. Amtech Systems has rising 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.
Relative Strength Index (RSI)
The stock holds a RSI14 at 73 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.
Support & Resistance
Amtech Systems finds support from accumulated volume at $5.15.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.20 (3.89%) between high and low. For the last week, the stock has had a daily average volatility of 3.70%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $5.15 (-3.87%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 73 and this increases the risk substantially. There is a buy signal from pivot bottom found 9 days ago.)
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Amtech Systems holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.