AmTrust Financial Services, Inc. Stock Forecast
AmTrust Financial Services, Inc. stock price ended at $12.98 on Thursday, after losing 0.154%.
(Updated on May 09, 2024)
The AmTrust Financial Services, Inc. stock price fell by -0.154% on the last day (Thursday, 9th May 2024) from $13.00 to $12.98. During the last trading day the stock fluctuated 4.30% from a day low at $12.56 to a day high of $13.10. The price has been going up and down for this period, and there has been a -2.41% loss for the last 2 weeks. Volume has increased on the last day by 3 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, 3 thousand shares were bought and sold for approximately $38.94 thousand.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.78 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 3.40% during the next 3 months and, with a 90% probability hold a price between $13.21 and $14.28 at the end of this 3-month period.
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AFSIN Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 1.33%. 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 AmTrust Financial Services, Inc. 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 $13.00 and $13.15. 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). AmTrust Financial Services, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for AmTrust Financial Services, Inc. stock
AmTrust Financial Services, Inc. finds support from accumulated volume at $12.81 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 $0.540 between high and low, or 4.30%. For the last week the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: $12.35 (-4.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (AFSIN) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect AmTrust Financial Services, Inc. to open at $12.88, and during the day (based on 14 day Average True Range), to move between $12.74 and $13.22, which gives a possible trading interval of +/-$0.236 (+/-1.81%) up or down from last closing price. If AmTrust Financial Services, Inc. takes out the full calculated possible swing range there will be an estimated 3.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.05 (0.54%) than the support at $12.81 (1.31%), 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 AmTrust Financial Services, Inc. stock A Buy?
AmTrust Financial Services, Inc. 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for AmTrust Financial Services, Inc. of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
$12.88 ( 0.770%) | $12.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AFSIN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.42 | 3.39 % | |
R2 | 13.21 | 1.80 % | ||
R1 | 13.09 | 0.82 % | ||
Current price: | 12.98 | |||
Support | S1 | 12.67 | -2.36 % | |
S2 | 12.55 | -3.34 % | ||
S3 | 12.34 | -4.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.25 | 2.08 % | |
R2 | 13.15 | 1.31 % | ||
R1 | 13.05 | 0.539 % | ||
Current price | 12.98 | |||
Support | S1 | 12.81 | -1.31% | |
S2 | 12.81 | -1.35% | ||
S3 | 12.75 | -1.77% |
AFSIN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 01, 2024 | Jun 01, 2024 | Jun 17, 2024 | $0.434 | 3.35% |
2 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.434 | 3.46% |
3 | Nov 06, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.434 | 3.48% |
4 | Aug 04, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.434 | 3.50% |
5 | May 09, 2023 | May 31, 2023 | Jun 15, 2023 | $0.434 | 2.89% |
FAQ
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