ATAX Forecast and Technical Stock Analysis
Hold candidate since 2020-01-17 Gain 0.26% PDF
America First Multifamily Investors fell by -0.39% in the last day ( Wednesday, 22nd Jan 2020 ) from $7.66 to $7.63 During the day the stock fluctuated 0.77% from a day low at $7.62 to a day high of $7.68. The price has risen in 6 of the last 10 days and is up by 1.06% 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 -24 419 shares and in total 46 175 shares bought and sold for approximately $352 315.00.
- 30 day high of the ATAX stock price was $7.90 and low was $7.50.
- 90 day high was $8.17 and low was $7.24.
- 52 week high for America First Multifamily Investors - $8.18 and low - $6.12.
America First Multifamily Investors is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect America First Multifamily Investors with a 90% probability to be traded between $7.20 and $7.95 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
America First Multifamily Investors holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $7.61 and $7.61. A break down below any of these levels will issue sell signals. 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 Tuesday January 21, 2020, 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 45 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
America First Multifamily Investors finds support from accumulated volume at $7.62.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: $7.29 (-4.41%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 day(s) ago.)
1.10 %Average volatility
Very Low Low Medium High Very High
America First Multifamily Investors holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development.
|ATAX $7.63 ($-0.03 -0.39%)|
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