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 ASYS
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Weaker technical forecast for Amtech Systems as stock downgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 12, 2024 Gain 25.23% PDF

The Amtech Systems stock price gained 1.50% on the last trading day (Thursday, 28th Mar 2024), rising from $5.33 to $5.41. During the last trading day the stock fluctuated 4.02% from a day low at $5.23 to a day high of $5.44. The price has risen in 6 of the last 10 days and is up by 14.38% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately $149.88 thousand.

The stock lies in the upper part of a very wide and strong 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 $5.48 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 27.23% during the next 3 months and, with a 90% probability hold a price between $5.18 and $6.98 at the end of this 3-month period.

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ASYS Signals & Forecast

Mostly positive signals in the chart today. The Amtech Systems 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 $5.24 and $4.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 09, 2024, and so far it has risen 57.27%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Amtech Systems has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Amtech Systems stock

On the downside, the stock finds support just below today's level from accumulated volume at $4.47 and $4.32. 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, Amtech Systems finds support just below today's level at $4.47. If this is broken, then the next support from accumulated volume will be at $4.32 and $4.23.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.211 between high and low, or 4.02%. For the last week, the stock has had daily average volatility of 3.56%.

Our recommended stop-loss: $5.22 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 33 days ago.)

Trading Expectations (ASYS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Amtech Systems to open at $5.36, and during the day (based on 14 day Average True Range), to move between $5.22 and $5.60, which gives a possible trading interval of +/-$0.193 (+/-3.57%) up or down from last closing price. If Amtech Systems takes out the full calculated possible swing range there will be an estimated 7.14% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $4.47, some $0.94 (17.38%) from the current price of $5.41, our system finds the risk reward attractive.

Is Amtech Systems stock A Buy?

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 Amtech Systems stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 4.124 Buy Candidate Downgraded

Predicted Opening Price for Amtech Systems of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$5.36 ( 0.92%) $5.41

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

Trading levels for ASYS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.57 2.97 %
R2 5.49 1.48 %
R1 5.44 0.565 %
Current price: 5.41
Support S1 5.28 -2.41 %
S2 5.23 -3.33 %
S3 5.15 -4.81 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 5.41
Support S1 4.47 -17.38%
S2 4.32 -20.15%
S3 4.23 -21.81%

FAQ

What is the symbol for Amtech Systems Stock and on which exchange is it traded?
The symbol for Amtech Systems is ASYS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Amtech Systems Stock?
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 Amtech Systems stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

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

What's the current price of Amtech Systems Stock?
As of the end of day on the 2024-03-28, the price of an Amtech Systems (ASYS) share was $5.41.

What is the 52-week high and low for Amtech Systems Stock?
The 52-week high for Amtech Systems Stock is $11.00 and the 52-week low is $3.37.

What is the market capitalization of Amtech Systems Stock?
As of the 2024-03-28, the market capitalization of Amtech Systems is 75.638M.

When is the next earnings date for Amtech Systems?
The upcoming earnings date for Amtech Systems is May 08, 2024.
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About Amtech Systems

Amtech Systems Amtech Systems, Inc. manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide (SiC), silicon power devices, analog and discrete devices, electronic assemblies, and light-emitting diodes (LEDs) worldwide. The company operates in Semiconductor and Material and Substrate segments. The Semiconductor segment designs, manufactures, sells, and services thermal processing equipment, including solder reflow o... ASYS Profile

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