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$47.27 (0.79%)

Volume: 255.037k

Closed: Aug 05, 2022

Hollow Logo Score: 2.471

Ameris Bancorp Stock Forecast

$47.27 (0.79%)

Volume: 255.037k

Closed: Aug 05, 2022

Score Hollow Logo 2.471
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Fri, Aug 05, 2022 Buy Candidate
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 80 ] The Ameris Bancorp stock holds an RSI14 at 81 and is currently being overbought on RSI. This does not have to be a sell signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
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Ameris Bancorp stock price up 0.79% on Friday
(Updated on Aug 05, 2022)

Buy or Hold candidate since 2022-07-19 Gain 12.20% PDF

The Ameris Bancorp stock price gained 0.79% on the last trading day (Friday, 5th Aug 2022), rising from $46.90 to $47.27. During the last trading day the stock fluctuated 8.43% from a day low at $43.90 to a day high of $47.60. The price has risen in 7 of the last 10 days and is up by 11.91% over the past 2 weeks. Volume fell on the last day by -111 thousand shares and in total, 255 thousand shares were bought and sold for approximately $12.06 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $47.50 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Ameris Bancorp stock with a 90% probability to be traded between $39.57 and $48.16 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

The Ameris Bancorp 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 $47.00 and $42.39. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, August 01, 2022, and so far it has fallen -0.40%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $42.50 and $41.23. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ameris Bancorp finds support just below today's level at $42.50. If this is broken, then the next support from accumulated volume will be at $41.23 and $40.03.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.70 between high and low, or 8.43%. For the last week, the stock has had a daily average volatility of 3.66%.

The Ameris Bancorp stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $45.85 (-3.01%) (This stock has high daily movements and this gives high risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations For The Upcoming Trading Day Of Monday 8th

For the upcoming trading day on Monday 8th we expect Ameris Bancorp to open at $46.26, and during day (based on 14 day Average True Range), to move between $45.69 and $48.85, which gives a possible trading interval of +/-$1.58 (+/-3.33%) up or down from last closing price. If Ameris Bancorp takes out the full calculated possible swing range there will be an estimated 6.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $47.29 (0.04%) than the support at $42.50 (10.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be hold until the stock is closer to the support level.

Is Ameris Bancorp stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Ameris Bancorp stock to perform well in the short-term period.

Current score: 2.471

Buy Candidate Unchanged

Predicted Opening Price for Ameris Bancorp of Monday, August 8, 2022

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

Fair opening price August 8, 2022 Current price
$46.26 $47.27 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 49.96 5.68 %
48.54 2.69 %
47.67 0.85 %
Current price: 47.27
Support 44.84 -5.13 %
43.97 -6.98 %
42.56 -9.97 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
47.46 0.40 %
47.29 0.0423 %
Current price 47.27
Support 42.50 -10.09%
41.23 -12.78%
40.03 -15.32%

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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... Read more


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