AmeriServ Financial Inc. Stock Forecast
Big movements in AmeriServ Financial Inc. stock price on Tuesday moving 10.24% between high and low
(Updated on Apr 23, 2024)
The AmeriServ Financial Inc. stock price gained 1.54% on the last trading day (Tuesday, 23rd Apr 2024), rising from $2.59 to $2.63. During the last trading day the stock fluctuated 10.24% from a day low at $2.45 to a day high of $2.70. The price has risen in 7 of the last 10 days and is up by 13.36% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 4 thousand shares were bought and sold for approximately $10.03 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling 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 $2.72 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -20.05% during the next 3 months and, with a 90% probability hold a price between $1.79 and $2.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ASRV Signals & Forecast
The AmeriServ Financial Inc. 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 $2.56 and $2.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 14.35%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for AmeriServ Financial Inc. stock
AmeriServ Financial Inc. finds support from accumulated volume at $2.57 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.251 between high and low, or 10.24%. For the last week the stock has had daily average volatility of 7.10%.
Our recommended stop-loss: $2.54 (-3.38%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (ASRV) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect AmeriServ Financial Inc. to open at $2.59, and during the day (based on 14 day Average True Range), to move between $2.48 and $2.78, which gives a possible trading interval of +/-$0.146 (+/-5.56%) up or down from last closing price. If AmeriServ Financial Inc. takes out the full calculated possible swing range there will be an estimated 11.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.57 (2.28%) than the resistance at $2.91 (10.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AmeriServ Financial Inc. 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.
Current score: 1.342 Buy Candidate Unchanged
Predicted Opening Price for AmeriServ Financial Inc. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $2.59 ( 1.38%) | $2.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASRV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.84 | 8.16 % | |
| R2 | 2.75 | 4.52 % | ||
| R1 | 2.69 | 2.27 % | ||
| Current price: | 2.63 | |||
| Support | S1 | 2.50 | -5.02 % | |
| S2 | 2.44 | -7.28 % | ||
| S3 | 2.34 | -10.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.10 | 17.87 % | |
| R2 | 3.01 | 14.45 % | ||
| R1 | 2.91 | 10.65 % | ||
| Current price | 2.63 | |||
| Support | S1 | 2.57 | -2.28% | |
| S2 | 2.39 | -9.13% | ||
| S3 | 2.34 | -11.03% |
ASRV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | May 03, 2024 | May 20, 2024 | $0.0300 | 1.14% |
| 2 | Jan 18, 2024 | Feb 02, 2024 | Feb 20, 2024 | $0.0300 | 1.03% |
| 3 | Oct 20, 2023 | Nov 03, 2023 | Nov 20, 2023 | $0.0300 | 1.08% |
| 4 | Jul 20, 2023 | Aug 04, 2023 | Aug 21, 2023 | $0.0300 | 0.96% |
| 5 | Apr 20, 2023 | May 05, 2023 | Aug 21, 2023 | $0.0300 | 0.96% |
FAQ
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