AmeriServ Financial Inc. Stock Forecast
A very red day for AmeriServ Financial Inc. stock price after a -10.04% fall in the Friday trading session
(Updated on Apr 26, 2024)
The AmeriServ Financial Inc. stock price fell by -10.04% on the last day (Friday, 26th Apr 2024) from $2.79 to $2.51. During the last trading day the stock fluctuated 9.36% from a day low at $2.51 to a day high of $2.75. The price has risen in 7 of the last 10 days and is up by 5.02% over the past 2 weeks. Volume has increased on the last day by 27 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 34 thousand shares were bought and sold for approximately $85.79 thousand.
The stock lies in the middle of a very 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 -16.82% during the next 3 months and, with a 90% probability hold a price between $1.85 and $2.31 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
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. The AmeriServ Financial Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.67 and $2.55. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -10.04%. Further fall is indicated until a new bottom pivot has been found. AmeriServ Financial Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 $2.39 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 $0.235 between high and low, or 9.36%. For the last week, the stock has had daily average volatility of 7.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASRV) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect AmeriServ Financial Inc. to open at $2.59, and during the day (based on 14 day Average True Range), to move between $2.36 and $2.66, which gives a possible trading interval of +/-$0.155 (+/-6.17%) up or down from last closing price. If AmeriServ Financial Inc. takes out the full calculated possible swing range there will be an estimated 12.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.57 (2.39%) than the support at $2.39 (4.78%), 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 AmeriServ Financial Inc. stock A Buy?
AmeriServ Financial Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -5.789 Strong Sell Candidate Downgraded
Predicted Opening Price for AmeriServ Financial Inc. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$2.59 ( 3.12%) | $2.51 |
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 | 2.82 | 12.48 % | |
R2 | 2.73 | 8.91 % | ||
R1 | 2.68 | 6.70 % | ||
Current price: | 2.51 | |||
Support | S1 | 2.50 | -0.456 % | |
S2 | 2.44 | -2.67 % | ||
S3 | 2.35 | -6.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.01 | 19.92 % | |
R2 | 2.91 | 15.94 % | ||
R1 | 2.57 | 2.39 % | ||
Current price | 2.51 | |||
Support | S1 | 2.39 | -4.78% | |
S2 | 2.34 | -6.77% | ||
S3 | 2.33 | -7.17% |
ASRV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 19, 2024 | May 03, 2024 | May 20, 2024 | $0.0300 | 1.20% |
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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