ATAX Forecast and Technical Stock Analysis
Sell candidate since 2020-01-24 PDF
America First Multifamily Investors fell by -0.78% in the last day ( Friday, 24th Jan 2020 ) from $7.74 to $7.68 During the day the stock fluctuated 1.31% from a day low at $7.65 to a day high of $7.75. The price has risen in 6 of the last 10 days and is up by 1.99% over the past 2 weeks. Volume has increased in the last day by 11 519 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, 78 483 shares bought and sold for approximately $602 749.00.
- 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 - $6.14.
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 $7.26 and $8.02 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. 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 $7.65 and $7.63. 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 Thursday January 23, 2020, which indicates further falls until a new bottom pivot has been found. America First Multifamily Investors 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-offs".
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 48 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.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.10 (1.31%) between high and low. For the last week, the stock has had daily average volatility of 1.13%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.13 %Average volatility
Very Low Low Medium High Very High
America First Multifamily Investors holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Sell Candidate candidate.
|ATAX $7.68 ($-0.06 -0.78%)|
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