Ameris Bancorp Stock Forecast
Ameris Bancorp stock upgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The Ameris Bancorp stock price gained 0.779% on the last trading day (Friday, 26th Apr 2024), rising from $47.51 to $47.88. During the last trading day the stock fluctuated 2.36% from a day low at $47.70 to a day high of $48.82. The price has risen in 7 of the last 10 days and is up by 6.02% 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, 211 thousand more shares were traded than the day before. In total, 441 thousand shares were bought and sold for approximately $21.12 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.97% during the next 3 months and, with a 90% probability hold a price between $42.42 and $48.53 at the end of this 3-month period.
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ABCB Signals & Forecast
Mostly positive signals in the chart today. The Ameris Bancorp 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 $47.05 and $46.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.74%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Ameris Bancorp stock
Ameris Bancorp finds support from accumulated volume at $47.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.13 between high and low, or 2.36%. For the last week, the stock has had daily average volatility of 2.52%.
Our recommended stop-loss: $45.92 (-4.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ABCB) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Ameris Bancorp to open at $48.13, and during the day (based on 14 day Average True Range), to move between $46.66 and $49.10, which gives a possible trading interval of +/-$1.22 (+/-2.55%) up or down from last closing price. If Ameris Bancorp takes out the full calculated possible swing range there will be an estimated 5.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $48.02 (0.29%) than the support at $47.42 (0.96%), 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 Ameris Bancorp stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.825 Buy Candidate Upgraded
Predicted Opening Price for Ameris Bancorp of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $48.13 ( 0.526%) | $47.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABCB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.26 | 2.88 % | |
| R2 | 48.83 | 1.98 % | ||
| R1 | 48.56 | 1.42 % | ||
| Current price: | 47.88 | |||
| Support | S1 | 47.70 | -0.372 % | |
| S2 | 47.44 | -0.93 % | ||
| S3 | 47.01 | -1.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.82 | 1.96 % | |
| R2 | 48.38 | 1.04 % | ||
| R1 | 48.02 | 0.292 % | ||
| Current price | 47.88 | |||
| Support | S1 | 47.42 | -0.96% | |
| S2 | 46.95 | -1.94% | ||
| S3 | 45.59 | -4.78% |
ABCB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 27, 2024 | Apr 08, 2024 | $0.150 | 0.315% |
| 2 | Dec 11, 2023 | Dec 28, 2023 | Jan 08, 2024 | $0.150 | 0.291% |
| 3 | Sep 15, 2023 | Sep 28, 2023 | Oct 09, 2023 | $0.150 | 0.392% |
| 4 | Jun 05, 2023 | Jun 29, 2023 | Jul 10, 2023 | $0.150 | 0.435% |
| 5 | Mar 16, 2023 | Mar 30, 2023 | Apr 10, 2023 | $0.150 | 0.432% |
FAQ
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