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Atlantic Capital Bancshares Stock Forecast NASDAQ:ACBI

$27.35 (-0.11%)

Volume: 65k

Closed: Oct 15, 2021

Hollow Logo Score: 1.203

Atlantic Capital Bancshares Stock Forecast

$27.35 (-0.11%)

Volume: 65k

Closed: Oct 15, 2021

Score Hollow Logo 1.203
Which way will ACBI go? Request
Stop-loss: $26.54 (-2.94%)
Earnings Date: Oct 28, 2021
Key Stats
P/E Ratio 12.69
Beta 1.02
* 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 65 and the stock is currently not being overbought or oversold

Atlantic Capital Bancshares stock price down 0.11% on Friday
(Updated on Oct 15, 2021)


Buy candidate since 2021-10-14 Loss -0.11%

The Atlantic Capital Bancshares stock price fell by -0.11% on the last day (Friday, 15th Oct 2021) from $27.38 to $27.35. During the day the stock fluctuated 2.41% from a day low at $27.34 to a day high of $28.00. The price has fallen in 6 of the last 10 days. Volume has increased on the last day by 11 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, 65 thousand shares were bought and sold for approximately $1.77 million.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $27.82 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.49% during the next 3 months and, with a 90% probability hold a price between $25.48 and $30.46 at the end of this 3-month period.

Signals & Forecast

The Atlantic Capital Bancshares 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 $27.29 and $25.10. 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). 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 Thursday, October 07, 2021, and so far it has fallen -0.87%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $24.80 and $24.76. 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, Atlantic Capital Bancshares finds support just below today's level at $24.80. If this is broken, then the next support from accumulated volume will be at $24.76 and $24.16.

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 $0.66 between high and low, or 2.41%. For the last week, the stock has had a daily average volatility of 2.32%.

Our recommended stop-loss: $26.54 (-2.94%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

Is Atlantic Capital Bancshares 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 Atlantic Capital Bancshares stock to perform well in the short-term.

Current score: 1.203

Predicted Opening Price for Atlantic Capital Bancshares of Monday, October 18, 2021

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

Fair opening price October 18, 2021 Current price
$27.56 $27.35 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Jul 27, 2021 "Piper Sandler" gave "$30.00 - $28.00" rating for ACBI. The price target was set to $24.76+2.5%.

Volatility and Risk
Daily Average Volatility: 2.32 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.32 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $27.38
Price: $27.35
Support: $24.80

ACBI Insider Trading Show all Trades

INSIDER POWER

3.295

Last 100 transactions
Buy: 298 315 | Sell: 90 544 (Shares)
Date Action Amount Person Type
Jan 21, 2022 Buy 491 Eidson David Common Stock
Oct 11, 2021 Sell 1 000 Bugbee Robert R Ii Common Stock
Aug 10, 2021 Sell 7 942 Graves James H Common Stock
Aug 10, 2021 Sell 58 Graves James H Common Stock
Jul 18, 2021 Sell 438 Rollins Annette Common Stock
Show all Insider Trades
INSIDER POWER

3.295

Last 100 transactions
Buy: 298 315 | Sell: 90 544 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 28.22 3.19 %
27.97 2.27 %
27.82 1.70 %
Current price: 27.35
Support 27.31 -0.14 %
27.16 -0.71 %
26.90 -1.63 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 27.59 0.88 %
27.48 0.48 %
27.38 0.11 %
Current price 27.35
Support 24.80 -9.32%
24.76 -9.47%
24.16 -11.66%

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About Atlantic Capital Bancshares

Atlantic Capital Bancshares Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers money market deposits, time deposits, brokered deposits, demand deposits, and checking deposits; savings accounts and NOW accounts; working capital and equipment loans, loans supported by owner-occupied real estate, lines of credit, term loans, letters of ... Read more

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