RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ASTC
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Weaker technical forecast for Astrotech Corporation as stock downgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 12, 2024 Gain 6.02% PDF

The Astrotech Corporation stock price fell by -0.227% on the last day (Wednesday, 27th Mar 2024) from $8.82 to $8.80. During the last trading day the stock fluctuated 0.0011% from a day low at $8.80 to a day high of $8.80. The price has risen in 5 of the last 10 days and is up by 7.32% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately $14.86 thousand.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $8.97 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.97% during the next 3 months and, with a 90% probability hold a price between $8.22 and $9.68 at the end of this 3-month period.

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ASTC Signals & Forecast

The Astrotech Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $8.67 and $8.09. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -0.90%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Astrotech Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $8.30 and $8.01. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Astrotech Corporation finds support just below today's level at $8.30. If this is broken, then the next support from accumulated volume will be at $8.01 and $7.80.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0001 between high and low, or 0.0011%. For the last week the stock has had daily average volatility of 3.21%.

Our recommended stop-loss: $8.45 (-3.98%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (ASTC) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Astrotech Corporation to open at $8.80, and during the day (based on 14 day Average True Range), to move between $8.44 and $9.16, which gives a possible trading interval of +/-$0.363 (+/-4.12%) up or down from last closing price. If Astrotech Corporation takes out the full calculated possible swing range there will be an estimated 8.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.80 (0.01%) than the support at $8.30 (5.68%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Astrotech Corporation stock A Buy?

Astrotech Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.402 Hold/Accumulate Downgraded

Predicted Opening Price for Astrotech Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$8.80 ( 0.0004%) $8.80

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ASTC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.80 0.0008 %
R2 8.80 0.0003 %
R1 8.80 0.00005530 %
Current price: 8.80
Support S1 8.80 -0.0008 %
S2 8.80 -0.0011 %
S3 8.80 -0.0015 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.88 0.91 %
R2 8.82 0.227 %
R1 8.80 0.0114 %
Current price 8.80
Support S1 8.30 -5.68%
S2 8.01 -8.98%
S3 7.80 -11.36%

FAQ

What is the symbol for Astrotech Corporation Stock and on which exchange is it traded?
The symbol for Astrotech Corporation is ASTC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Astrotech Corporation Stock?
Astrotech Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Astrotech Corporation Stock?
Astrotech Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Astrotech Corporation Stock.

What's the current price of Astrotech Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Astrotech Corporation (ASTC) share was $8.80.

What is the 52-week high and low for Astrotech Corporation Stock?
The 52-week high for Astrotech Corporation Stock is $15.11 and the 52-week low is $7.00.

What is the market capitalization of Astrotech Corporation Stock?
As of the 2024-03-27, the market capitalization of Astrotech Corporation is 14.975M.

When is the next earnings date for Astrotech Corporation?
The upcoming earnings date for Astrotech Corporation is May 09, 2024.
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About Astrotech Corporation

Astrotech Astrotech Corporation operates as a science and technology development and commercialization company worldwide. It operates through three segments, Astrotech Technologies, Inc. (ATI), 1st Detect Corporation (1st Detect), and AgLAB Inc (AgLAB). The ATI segment owns and licenses the AMS Technology, the platform mass spectrometry technology. The 1st Detect segment manufactures explosives and narcotics trace detectors for use at airports, secured fac... ASTC Profile

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