0% commission for ETF tradesAmeris Bancorp Stock Forecast
AI Analysis of ABCB
| Stock Analysis |
|
| Risk Assessment |
|
| Trading Strategy |
|
Green day on Friday for Ameris Bancorp
(Updated on Sep 13, 2024)
The Ameris Bancorp stock price gained 2.97% on the last trading day (Friday, 13th Sep 2024), rising from $59.27 to $61.03. During the last trading day the stock fluctuated 1.88% from a day low at $59.97 to a day high of $61.10. The price has risen in 5 of the last 10 days and is up by 0.66% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 292 thousand more shares were traded than the day before. In total, 547 thousand shares were bought and sold for approximately $33.38 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.00% during the next 3 months and, with a 90% probability hold a price between $73.31 and $81.02 at the end of this 3-month period.
Have specific questions? Chat with our AI Analyst now!
ABCB 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 $59.74 and $58.93. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, August 23, 2024, and so far it has fallen -1.39%. 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).
Support, Risk & Stop-loss for Ameris Bancorp stock
Ameris Bancorp finds support from accumulated volume at $60.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.13 (1.88%) between high and low. For the last week, the stock has had daily average volatility of 2.28%.
Our recommended stop-loss: $58.39 (-4.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (ABCB) For The Upcoming Trading Day Of Monday 16th
For the upcoming trading day on Monday, 16th we expect Ameris Bancorp to open at $60.70, and during the day (based on 14 day Average True Range), to move between $59.42 and $62.64, which gives a possible trading interval of +/-$1.61 (+/-2.63%) up or down from last closing price. If Ameris Bancorp takes out the full calculated possible swing range there will be an estimated 5.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $61.05 (0.03%) than the support at $60.00 (1.69%), 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 Ameris Bancorp stock A Buy?
Several short-term signals, along with a general good trend, 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
Current score: 4.770 Buy Candidate Unchanged
Predicted Opening Price for Ameris Bancorp of Monday, September 16, 2024
| Fair opening price September 16, 2024 | Current price |
|---|---|
| $60.70 ( 0.541%) | $61.03 |
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 | |
|---|---|---|
| R3 | 61.83 | 1.31% |
| R2 | 61.40 | 0.604% |
| R1 | 61.13 | 0.167% |
| Price | 61.03 | |
| S1 | 60.27 | -1.25% |
| S2 | 60.00 | -1.68% |
| S3 | 59.57 | -2.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 61.89 | 1.41% |
| R2 | 61.63 | 0.98% |
| R1 | 61.05 | 0.0328% |
| Price | 61.03 | |
| S1 | 60.00 | -1.69% |
| S2 | 50.35 | -17.50% |
| S3 | 47.72 | -21.81% |
ABCB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 28, 2024 | Jul 08, 2024 | $0.150 | 0.309% |
| 2 | Mar 14, 2024 | Mar 27, 2024 | Apr 08, 2024 | $0.150 | 0.315% |
| 3 | Dec 11, 2023 | Dec 28, 2023 | Jan 08, 2024 | $0.150 | 0.291% |
| 4 | Sep 15, 2023 | Sep 28, 2023 | Oct 09, 2023 | $0.150 | 0.392% |
| 5 | Jun 05, 2023 | Jun 29, 2023 | Jul 10, 2023 | $0.150 | 0.435% |
FAQ
Click here for our free guide on how to buy Ameris Bancorp Stock.
