Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU
Wednesday June 26, 2019 Change 0.39% Price $120.41
Chart period: 2019-03-27 - 2019-06-26
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will AZPN stock price go up or down on Thu, 27 Jun 2019?

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Aspen Technology Forecast and Stock Analysis

Technical AZPN stock analysis for Wednesday June 26, 2019.

Buy candidate since 2019-06-11 Loss -3.03%


Aspen Technology gained 0.39% in the last trading day ( Wednesday, 26th Jun 2019 ), rising from $119.94 to $120.41 During day the stock fluctuated 2.81% from a day low at $119.73 to a day high of $123.09. The price has been going up and down for this period, and there has been a -2.7% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 10 560 more shares were traded than the day before. In total, 375 074 shares bought and sold for approximately $45.16 million.

Quick summary:

  • 30 day high of the AZPN stock price was $127.01 and low was $110.56.
  • 90 day high was $127.01 and low was $102.37.
  • 52 week high for the Aspen Technology - $127.01 and low - $74.84.

Trend

Aspen Technology lies in the middle of a wide and 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 15.53% during the next 3 months and, with 90% probability hold a price between $134.01 and $153.98 at the end of this period.

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Signals

Only positive signals in the chart today. Aspen Technology holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $122.66. On a fall, the stock will find some support from the long-term average at approximately $118.66. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday June 25, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 39 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Aspen Technology finds support from accumulated volume at $118.51.

Support: $118.51 Price: $120.41 Resistance: $121.11

Risk

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 $3.36 (2.81%) between high and low. For the last week, the stock has had a daily average volatility of 1.99%.

Our recommended stoploss: $112.59 (-6.49%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

1.99 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

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.

Buy Candidate Upgraded
Weaker Buy Today AZPN ranks #385 as BUY CANDIDATE #385 Stronger Buy

Will AZPN stock price go up or down on Thu, 27 Jun 2019?

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