AMERICAN SOFTWARE INC-CL A (AMSWA) Stock Technical Analysis
NASDAQ:AMSWA - US0296831094 - Common Stock
10.95 USD
-0.24 (-2.14%)
10.95 USD
0 (0%)
We assign a technical rating of 6 out of 10 to AMSWA. In the last year, AMSWA was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When compared to the yearly performance of all other stocks, AMSWA outperforms 53% of them, which is more or less in line with the market.
AMSWA is part of the Software industry. There are 282 other stocks in this industry, AMSWA did better than 61% of them.
AMSWA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMSWA is lagging the market.
In the last month AMSWA has a been trading in a tight range between 10.70 and 11.24.
Considerably lower volume is observed in the last couple of days.
AMSWA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 10.73, a Stop Loss order could be placed below this zone.
More info and screens
9.88
11.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.69 to 10.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.98 to 10.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.96 to 11.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.39 to 11.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.71 to 11.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AMSWA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMSWA is neutral. |
| ChartMill Relative Strength | 53.3 | NEUTRAL | AMSWA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMSWA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMSWA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMSWA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.25 | NEUTRAL | The RSI value for AMSWA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AMSWA has a negative trend. |
| Stochastics (14,3) | 68.52 | NEUTRAL | The Stochastics value for AMSWA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for AMSWA suggests some volalility. |
| Average Directional Index/ADX (14) | 30.37 | POSITIVE | The high ADX value value for AMSWA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.22 | 10.69 | 0.53 (4.72%) | 21.17% |
| An entry @11.22. This is a Buy Stop order right above the resistance zone. | An exit @10.69. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.53 points, which is 4.72%. | For a 1.00% total portfolio risk, you can invest 21.17% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.95
-0.24 (-2.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.14%
1 Week-0.9%
2 Weeks0.27%
1 Month-2.32%
3 Month22.48%
6 Month-3.18%
12 Month-0.82%
2 Year-36.08%
3 Year-62.15%
5 Year-32.45%
10 Year13.35%
15 Year68.46%
Volatility
ATR(14)0.24
ATR(20)%2.1%
ATR Inc32.27%
Range Today0.39
ADR(20)0.22
ADR(20)%2.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.3
Mansfield-0.96
10 Day High11.24
10 Day Low10.7
20 Day High11.24
20 Day Low10.7
52 Week High12.27
52 Week Low8.41
CS1 End10.73
CR1 Start10.96
Volume & EV
DER(3)-1.05%
DER(5)-0.67%
Volume121.40K
Volume Incr-34.01%
Vol(5)137.18K
Vol(50)243.72K