AmTrust Financial Services, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for AmTrust Financial Services, Inc. stock after losing 0%
(Updated on May 31, 2024)
No changes to the price of AmTrust Financial Services, Inc. stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 0% from a day low at $13.00 to a day high of $13.00. The price has risen in 4 of the last 10 days and is up by 1.33% over the past 2 weeks.
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 $12.86 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 3.12% during the next 3 months and, with a 90% probability hold a price between $13.27 and $14.33 at the end of this 3-month period.
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AFSIN Signals & Forecast
There are mixed signals in the stock today. 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 $13.05 and $13.13. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 1.17%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy 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 $12.98 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the 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 1.05%
Our recommended stop-loss: $12.23 (-5.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (AFSIN) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect AmTrust Financial Services, Inc. to open at $13.00, and during the day (based on 14 day Average True Range), to move between $12.76 and $13.24, which gives a possible trading interval of +/-$0.235 (+/-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 3.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.98 (0.15%) than the resistance at $13.10 (0.77%), 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?
AmTrust Financial Services, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.317 Hold/Accumulate Unchanged
Predicted Opening Price for AmTrust Financial Services, Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $13.00 ( 0%) | $13.00 |
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 | 13.00 | . | |
| R2 | 13.00 | . | ||
| R1 | 13.00 | . | ||
| Current price: | 13.00 | |||
| Support | S1 | 13.00 | . | |
| S2 | 13.00 | . | ||
| S3 | 13.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.25 | 1.92 % | |
| R2 | 13.15 | 1.15 % | ||
| R1 | 13.10 | 0.769 % | ||
| Current price | 13.00 | |||
| Support | S1 | 12.98 | -0.154% | |
| S2 | 12.85 | -1.15% | ||
| S3 | 12.81 | -1.46% |
AFSIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 01, 2024 | Jun 01, 2024 | Jun 17, 2024 | $0.434 | 3.34% |
| 2 | May 06, 2024 | May 31, 2024 | Jun 17, 2024 | $0.434 | 3.34% |
| 3 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.434 | 3.46% |
| 4 | Nov 06, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.434 | 3.48% |
| 5 | Aug 04, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.434 | 3.50% |
FAQ
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