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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ABCB
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Green day on Monday for Ameris Bancorp stock after gaining 0.658%
(Updated on Mar 18, 2024)

Hold candidate since Mar 15, 2024 Gain 0.66% PDF

The Ameris Bancorp stock price gained 0.658% on the last trading day (Monday, 18th Mar 2024), rising from $45.59 to $45.89. During the last trading day the stock fluctuated 1.76% from a day low at $45.29 to a day high of $46.09. The price has been going up and down for this period, and there has been a 0.86% gain for the last 2 weeks. Volume fell on the last day by -189 thousand shares and in total, 480 thousand shares were bought and sold for approximately $22.04 million. 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 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 -14.27% during the next 3 months and, with a 90% probability hold a price between $37.25 and $41.28 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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ABCB Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 1.55%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 $46.33 and $47.21. A break-up above any of these levels will issue buy signals.

Support, Risk & Stop-loss for Ameris Bancorp stock

Ameris Bancorp finds support from accumulated volume at $45.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.795 between high and low, or 1.76%. For the last week the stock has had daily average volatility of 2.21%.

Our recommended stop-loss: $43.49 (-5.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (ABCB) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect Ameris Bancorp to open at $45.76, and during the day (based on 14 day Average True Range), to move between $44.58 and $47.20, which gives a possible trading interval of +/-$1.31 (+/-2.85%) up or down from last closing price. If Ameris Bancorp takes out the full calculated possible swing range there will be an estimated 5.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $45.59 (0.65%) than the resistance at $46.95 (2.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ameris Bancorp stock A Buy?

Ameris Bancorp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.482 Hold/Accumulate Unchanged

Predicted Opening Price for Ameris Bancorp of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$45.76 ( 0.294%) $45.89

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 46.55 1.44 %
R2 46.25 0.776 %
R1 46.06 0.368 %
Current price: 45.89
Support S1 45.45 -0.96 %
S2 45.26 -1.36 %
S3 44.96 -2.03 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 52.15 13.64 %
R2 47.42 3.33 %
R1 46.95 2.31 %
Current price 45.89
Support S1 45.59 -0.654%
S2 45.46 -0.94%
S3 45.37 -1.13%

ABCB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 11, 2023 Dec 28, 2023 Jan 08, 2024 $0.150 0.291%
2 Sep 15, 2023 Sep 28, 2023 Oct 09, 2023 $0.150 0.392%
3 Jun 05, 2023 Jun 29, 2023 Jul 10, 2023 $0.150 0.435%
4 Mar 16, 2023 Mar 30, 2023 Apr 10, 2023 $0.150 0.432%
5 Dec 12, 2022 Dec 29, 2022 Apr 10, 2023 $0.150 0.432%

FAQ

What is the symbol for Ameris Bancorp Stock and on which exchange is it traded?
The symbol for Ameris Bancorp is ABCB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ameris Bancorp Stock?
Ameris Bancorp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Ameris Bancorp Stock?
Ameris Bancorp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ameris Bancorp Stock.

What's the current price of Ameris Bancorp Stock?
As of the end of day on the 2024-03-18, the price of an Ameris Bancorp (ABCB) share was $45.89.

What is the 52-week high and low for Ameris Bancorp Stock?
The 52-week high for Ameris Bancorp Stock is $53.98 and the 52-week low is $28.33.

What is the market capitalization of Ameris Bancorp Stock?
As of the 2024-03-18, the market capitalization of Ameris Bancorp is 3.168B.

When is the next earnings date for Ameris Bancorp?
The upcoming earnings date for Ameris Bancorp is Apr 25, 2024.
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About Ameris Bancorp

Ameris Ban Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, North Carolina, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. It offers commercial and retail checking, regular interest-bearing savi... ABCB Profile

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