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$48.77 (-1.85%)

Volume: 298k

Closed: Dec 03, 2021

Hollow Logo Score: -1.156

Ameris Bancorp Stock Forecast

$48.77 (-1.85%)

Volume: 298k

Closed: Dec 03, 2021

Score Hollow Logo -1.156
Which way will ABCB go? Request
Key Stats
P/E Ratio 8.72
Beta 1.33
Trailing Dividend Rate 1.22% ($0.60)
* 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 30 and the stock is currently not being overbought or oversold

Ameris Bancorp stock price ended on $48.77 on Friday after losing 1.85%
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-01 Gain 1.44%

The Ameris Bancorp stock price fell by -1.85% on the last day (Friday, 3rd Dec 2021) from $49.69 to $48.77. During the day the stock fluctuated 3.57% from a day low at $48.28 to a day high of $50.01. The price has fallen in 7 of the last 10 days and is down by -7.07% for this period. Volume has increased on the last day by 40 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, 298 thousand shares were bought and sold for approximately $14.53 million.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $48.23 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.64% during the next 3 months and, with a 90% probability hold a price between $52.39 and $61.43 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 1.44%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ameris Bancorp 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 $49.76 and $52.77. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Ameris Bancorp finds support from accumulated volume at $47.83 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 $1.73 between high and low, or 3.57%. For the last week, the stock has had a daily average volatility of 3.97%.

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

Is Ameris Bancorp stock A Buy?

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

Current score: -1.156

Predicted Opening Price for Ameris Bancorp of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$49.02 $48.77 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 01, 2021 "Raymond James" gave "$55.00 - $57.00" rating for ABCB. The price target was changed from $52.39 to 2.3%.

Volatility and Risk
Daily Average Volatility: 3.97 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.97 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $51.88
Price: $48.77
Support: $47.83

ABCB Insider Trading Show all Trades

INSIDER POWER

0.265

Last 100 transactions
Buy: 183 613 | Sell: 694 063 (Shares)
Date Action Amount Person Type
Sep 30, 2021 Sell 1 645 Mckendry William D Common Stock
Jul 27, 2021 Buy 2 500 Proctor H Palmer Jr Common Stock
Jun 10, 2021 Buy 1 203 Veal Jimmy D Common Stock
Jun 10, 2021 Buy 1 203 Choate William Millard Common Stock
Jun 10, 2021 Buy 1 203 Ezzell Robert Dale Common Stock
Show all Insider Trades
INSIDER POWER

0.265

Last 100 transactions
Buy: 183 613 | Sell: 694 063 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 50.74 4.05 %
50.08 2.70 %
49.68 1.86 %
Current price: 48.77
Support 48.36 -0.84 %
47.95 -1.68 %
47.29 -3.03 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 53.87 10.46 %
52.82 8.30 %
51.88 6.38 %
Current price 48.77
Support 47.83 -1.93%
47.67 -2.26%
47.44 -2.73%

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About Ameris Bancorp

Ameris Ban Ameris Bancorp operates as the bank holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company operates through four segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, and SBA Division. It accepts a range of commercial and retail checking accounts, regular interest-bearing savings accounts, money market acc... Read more

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