America First Multifamily Investors Forecast and Stock Analysis
Technical ATAX stock analysis for April 24, 2019.
No changes to the price of America First Multifamily Investors in the last trading day. The price has fallen in 5 of the last 10 days and is down by -0.44% for this period.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the ATAX stock was $6.78.
During day the stock fluctuated 0.73% from a day low at $6.75 to a day high of $6.80.
30 day high of the ATAX stock price was $6.87 and low was $6.69.
90 day high was $6.89 and low was $6.14.
52 week high for the America First Multifamily Investors - $6.89 and low - $5.17.
America First Multifamily Investors lies in the lower part of a narrow and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $6.77 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.76% during the next 3 months and, with 90% probability hold a price between $7.09 and $7.38 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday April 18, 2019, which indicates further gains until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. America First Multifamily Investors 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 $6.79 and $6.80. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 48 and the stock is currently not being overbought or oversold
Support & Resistance
America First Multifamily Investors finds support from accumulated volume at $6.68.
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 (0.73%) between high and low. For the last week, the stock has had a daily average volatility of 1.01%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The America First Multifamily Investors stock holds several negative signals and despite the positive trend we believe America First Multifamily Investors will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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|ATAX $6.78 ($0.00 0.00%)|
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