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Atlantic American Corporation Stock Forecast NASDAQ:AAME

$3.97 (-1.12%)

Volume: 6k

Closed: Nov 26, 2021

Hollow Logo Score: -1.896

Atlantic American Corporation Stock Forecast

$3.97 (-1.12%)

Volume: 6k

Closed: Nov 26, 2021

Score Hollow Logo -1.896
Which way will AAME go? Request
Key Stats
Beta 0.91
Trailing Dividend Rate 0.5% ($0.0200)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 28 and the stock is currently not being overbought or oversold

Red day on Friday for Atlantic American Corporation stock after losing 1.12%
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-16 Loss -4.46%

The Atlantic American Corporation stock price fell by -1.12% on the last day (Friday, 26th Nov 2021) from $4.01 to $3.97. During the day the stock fluctuated 3.84% from a day low at $3.90 to a day high of $4.05. The price has been going up and down for this period, and there has been a -3.99% loss for the last 2 weeks. Volume has increased on the last day by 1 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, 6 thousand shares were bought and sold for approximately $23.09 thousand.

The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $4.01. A reaction back to this level may hold a second chance to get out before further falls.

Signals & Forecast

There are few to no technical positive signals at the moment. The Atlantic American Corporation stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $4.06 and $4.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -12.08%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Atlantic American Corporation 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.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Friday, November 05, 2021 and based on theory for this formation the price should fall by -6.21% to $3.72 within 19 trading days since signal was issued (Friday, December 03, 2021).

Support, Risk & Stop-loss

Atlantic American Corporation finds support from accumulated volume at $3.92 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 $0.15 between high and low, or 3.84%. For the last week, the stock has had a daily average volatility of 4.54%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Atlantic American Corporation stock A Buy?

The Atlantic American Corporation stock holds several negative signals and despite the positive trend, we believe Atlantic American Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.896

Predicted Opening Price for Atlantic American Corporation of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$3.97 $3.97 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 4.54 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.54 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $4.06
Price: $3.97
Support: $3.92

AAME Insider Trading Show all Trades

INSIDER POWER

4.793

Last 100 transactions
Buy: 4 655 758 | Sell: 971 390 (Shares)
Date Action Amount Person Type
Feb 04, 2021 Buy 62 761 Robinson Harriett J Common Stock
Feb 04, 2021 Sell 62 761 Robinson Harriett J Common Stock
Feb 04, 2021 Sell 50 209 Robinson Harriett J Common Stock
Feb 04, 2021 Buy 50 209 Robinson Harriett J Common Stock
Feb 04, 2021 Buy 50 209 Howell Robin Robinson Common Stock
Show all Insider Trades
INSIDER POWER

4.793

Last 100 transactions
Buy: 4 655 758 | Sell: 971 390 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 4.12 3.95 %
4.06 2.50 %
4.03 1.61 %
Current price: 3.97
Support 3.91 -1.28 %
3.88 -2.17 %
3.82 -3.61 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 4.35 9.71 %
4.15 4.66 %
4.06 2.39 %
Current price 3.97
Support 3.92 -1.14%
3.90 -1.64%
3.80 -4.16%

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About Atlantic American Corporation

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. Its property and casualty insurance products include business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and business personal property, inland marine, and general liability products. The company also offers surety bond coverage for s... Read more

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