USA Technologies, Inc Forecast and Stock Analysis
Technical USATP stock analysis for March 22, 2019.
USA Technologies, Inc gained 1.56% in the last trading day, rising from $19.74 to $20.05 The price has been going up and down for this period, and there has been a 0.5% gain 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, 1 000 more shares were traded than the day before. In total, 1 000 shares bought and sold for approximately $20 050.00.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the USATP stock was $20.05. This is 1.56% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 0.53% from a day low at $19.94 to a day high of $20.05.
30 day high of the USATP stock price was $20.90 and low was $19.05.
90 day high was $21.85 and low was $17.00.
52 week high for the USA Technologies, Inc - $27.82 and low - $16.04.
USA Technologies, Inc 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 11.16% during the next 3 months and, with 90% probability hold a price between $21.20 and $25.51 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday March 18, 2019, which indicates further gains until a new top pivot has been found. USA Technologies, Inc has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. USA Technologies, Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $20.33. On a fall, the stock will find some support from the short-term average at $19.76. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 69 and the stock is currently not being overbought or oversold
Support & Resistance
USA Technologies, Inc finds support from accumulated volume at $20.00.
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 $0.11 (0.53%) between high and low. For the last week, the stock has had a daily average volatility of 0.36%.
Our recommended stoploss: $19.15 (-4.49%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)
Very Low Low Medium High Very High
USA Technologies, Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.