Astrotech Corporation (ASTC)

Astrotech stock forecast: buy or sell

Astrotech stock outlook

  • Astrotech stock skyrocketed 6.73% to close at $3.17 on the stock market yesterday.
  • Astrotech Corporation operates as a science and technology development and commercialization company in the United States.
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Please read:
The opinions published in this post are personal and not recommendations for you to buy or sell shares. The author of this text does not know the individual circumstances of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for general educational motives only

Astrotech stock chart overview

Should I buy Astrotech stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is ASTC stock a buy?

Currently, Astrotech stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for ASTC in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Astrotech stock?

Do you know when is it time to sell Astrotech?. Trading strategies give us the ability us to avoid rash decisions based on our personal sentiments or the buzz that surrounds the market. When selling, as well as buying, our strategies are very simple to use and are only valid for selling shares in your porfolio, not for shorting Astrotech stock

As a golden rule, you must never hold an open trade that produces greater losses than those expected at the time of the buy. The timing to sell your stock must always be dictated by the stop-loss (automatic or manual)

Is it time to sell Astrotech stock?

In the current situation of Astrotech there is not any eligible sell setup, so Astrotech stock holders with operations in green can keep their positions

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Analysts' recommendations to buy or sell Astrotech stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

We don't have any rating published in the previous 30 days for Astrotech

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Technical analysis

SMAs overview

A favorite tool of many trading systems are the moving averages, that easily show trend momentum. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

Supports and resistances

Market investors use support and resistance levels as a way to find price points on a chart that tend to work as glass ceiling, containing the price of a stock to move up or down. Supports are levels where the price may find support as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down this level, it is likely to continue falling until finding another support level. On the other hand, resistance levels are where the price may find resistance as it rises. In the same way, the price is more liable to "rebound" at this level, and if it finally crosses this level, it will rise easily until it finds the next resistance

The current resistances are:

  • R1: $3.20 (0.95% above)
  • R2: $3.25 (2.52% above)
  • R3: $3.32 (4.73% above)
  • The current support levels are:

  • S1: $3.15 (-0.63% below)
  • S2: $3.10 (-2.21% below)
  • S3: $3.05 (-3.79% below)
  • Bollinger bands

    This is an indicator that was created in the 1980s by John Bollinger. It is composed of three lines that are drawn superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    The price is moving very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI moves in a range from 0 to 100. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in the late 1970s

    The Relative Strength Indicator has been between the overbought and oversold zones for some weeks, and therefore, without this indicator really serving to help us make any decisions.

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    Earnings and financials

    Q1 earnings event was hosted by Astrotech in mid-May after presenting the financial report.

    Same quarter one year ago, reported EPS was $0.00, so recently reported EPS is -. Revenue exploded a 257.58% on an annualized basis in the Q1, from $330,000 to $1,180,000 last quarter.

    Astrotech is releasing Q2 financial report next September. Market expects earnings of %s a share of $0.00, compared to Q1 that was $0.00. Financial reporting day has an additional risk for investors as the results published can gap up or down the price with lower liquidity and not respecting your buy/stop-loss orders. Check company's website to confirm time and details on the earnings call and the earnings report.

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