AmTrust Financial Services, Inc. Stock Forecast
AmTrust Financial Services, Inc. stock upgraded to Buy Candidate.
(Updated on May 17, 2024)
The AmTrust Financial Services, Inc. stock price gained 2.49% on the last trading day (Friday, 17th May 2024), rising from $12.83 to $13.15. During the last trading day the stock fluctuated 0% from a day low at $13.15 to a day high of $13.15. The price has risen in 5 of the last 10 days and is up by 2.65% 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, 16 thousand more shares were traded than the day before. In total, 17 thousand shares were bought and sold for approximately $223.91 thousand.
The stock lies in the middle of a weak 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 2.54% during the next 3 months and, with a 90% probability hold a price between $13.19 and $14.15 at the end of this 3-month period.
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AFSIN Signals & Forecast
The AmTrust Financial Services, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $13.02 and $13.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 2.65%. Further rise is indicated until a new top pivot has been found. AmTrust Financial Services, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AmTrust Financial Services, Inc. stock
AmTrust Financial Services, Inc. finds support from accumulated volume at $13.11 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.549%.
Our recommended stop-loss: $12.42 (-5.57%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (AFSIN) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect AmTrust Financial Services, Inc. to open at $13.15, and during the day (based on 14 day Average True Range), to move between $12.93 and $13.37, which gives a possible trading interval of +/-$0.215 (+/-1.64%) 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 3.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.11 (0.30%) than the resistance at $13.25 (0.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AmTrust Financial Services, Inc. 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 AmTrust Financial Services, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.505 Buy Candidate Upgraded
Predicted Opening Price for AmTrust Financial Services, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $13.15 ( 0%) | $13.15 |
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 | 13.15 | . | |
| R2 | 13.15 | . | ||
| R1 | 13.15 | . | ||
| Current price: | 13.15 | |||
| Support | S1 | 13.15 | . | |
| S2 | 13.15 | . | ||
| S3 | 13.15 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.65 | 3.80 % | |
| R2 | 13.30 | 1.14 % | ||
| R1 | 13.25 | 0.760 % | ||
| Current price | 13.15 | |||
| Support | S1 | 13.11 | -0.304% | |
| S2 | 13.10 | -0.380% | ||
| S3 | 13.05 | -0.760% |
AFSIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 01, 2024 | Jun 01, 2024 | Jun 17, 2024 | $0.434 | 3.30% |
| 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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