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Key Stats
Beta 0.93
* 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 34 and the stock is currently not being overbought or oversold

Ambac Financial Group stock price ended on $14.52 on Friday after losing 0.48% (Updated on July 30, 2021)


Sell candidate since 2021-07-13 Loss -3.01%

The Ambac Financial Group stock price fell by -0.48% on the last day (Friday, 30th Jul 2021) from $14.59 to $14.52. During the day the stock fluctuated 1.66% from a day low at $14.46 to a day high of $14.70. The price has fallen in 6 of the last 10 days and is down by -1.09% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -50 thousand shares and in total, 219 thousand shares were bought and sold for approximately $3.19 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.79% during the next 3 months and, with a 90% probability hold a price between $12.33 and $14.74 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, July 22, 2021, and so far it has risen 4.09%. 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 Ambac Financial Group stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $15.21. On a fall, the stock will find some support from the short-term average at $14.35. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Ambac Financial Group finds support from accumulated volume at $14.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.24 between high and low, or 1.66%. For the last week, the stock has had a daily average volatility of 3.42%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Ambac Financial Group stock A Buy?

Ambac Financial Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.317

Predicted Opening Price for Ambac Financial Group of Monday, August 2, 2021

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

Fair opening price August 2, 2021 Current price
$14.56 $14.52 (Undervalued)
Sell Candidate Unchanged

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Volatility
3.42 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $14.68
Price: $14.52
Support: $14.45

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 14.80 1.93 %
14.71 1.30 %
14.65 0.91 %
Current price: 14.52
Support 14.47 -0.36 %
14.41 -0.75 %
14.32 -1.38 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 17.68 21.76 %
15.08 3.86 %
14.68 1.10 %
Current price 14.52
Support 14.45 -0.48%
14.30 -1.52%
14.14 -2.62%

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About Ambac Financial Group

Ambac Financial Group Ambac Financial Group, Inc. does not have significant operations. The company intends on exploring new business opportunities. Previously, it provided financial guarantee insurance policies and credit derivative contracts; and financial and investment products, including investment agreements, funding conduits, and interest rate swaps principally to the clients of its financial guarantee business. The company was founded in 1971 and is headquarte... Read more

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