America First Multifamily Investors Forecast and Stock Analysis
Technical ATAX stock analysis for February 15, 2019.
America First Multifamily Investors gained 0.30% in the last trading day, rising from $6.66 to $6.68 , and has now gained 3 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 6 of the last 10 days and is up by 1.06% 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, 26 371 more shares were traded than the day before. In total, 81 419 shares bought and sold for approximately $543 879.00.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the ATAX stock was $6.68. This is 0.3% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.75% from a day low at $6.65 to a day high of $6.70.
30 day high of the ATAX stock price was $6.70 and low was $5.87.
90 day high was $6.70 and low was $5.40.
52 week high for the America First Multifamily Investors - $6.70 and low - $5.17.
America First Multifamily Investors lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.8% during the next 3 months and, with 90% probability hold a price between $7.50 and $8.21 at the end of this period.
America First Multifamily Investors 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 $6.65 and $6.18. A break down below any of these levels will issue sell signals. America First Multifamily Investors 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. 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 February 07, 2019, which indicates further falls until a new bottom pivot has been found.
* 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)
The stock holds a RSI14 at 77 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
America First Multifamily Investors finds support from accumulated volume at $6.59.
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 $0.05 (0.75%) between high and low. For the last week, the stock has had a daily average volatility of 1.00%.
Our recommended stoploss: $6.42 (-3.88%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from pivot top found 6 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.