RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AMBC
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Stronger technical forecast for Ambac Financial Group stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Ambac Financial Group stock price gained 3.03% on the last trading day (Thursday, 28th Mar 2024), rising from $15.17 to $15.63. During the last trading day the stock fluctuated 3.42% from a day low at $15.20 to a day high of $15.72. The price has risen in 7 of the last 10 days and is up by 4.34% 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, 162 thousand more shares were traded than the day before. In total, 468 thousand shares were bought and sold for approximately $7.32 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 -6.05% during the next 3 months and, with a 90% probability hold a price between $13.58 and $15.57 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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AMBC Signals & Forecast

Mostly positive signals in the chart today. The Ambac Financial Group 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 $15.19 and $15.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 7.13%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Ambac Financial Group stock

Ambac Financial Group finds support from accumulated volume at $15.38 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 $0.520 between high and low, or 3.42%. For the last week, the stock has had daily average volatility of 2.39%.

Our recommended stop-loss: $14.98 (-4.19%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (AMBC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ambac Financial Group to open at $15.52, and during the day (based on 14 day Average True Range), to move between $15.18 and $16.08, which gives a possible trading interval of +/-$0.453 (+/-2.90%) up or down from last closing price. If Ambac Financial Group takes out the full calculated possible swing range there will be an estimated 5.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.65 (0.13%) than the support at $15.38 (1.60%), 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 Ambac Financial Group stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 2.521 Buy Candidate Upgraded

Predicted Opening Price for Ambac Financial Group of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$15.52 ( 0.725%) $15.63

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

Trading levels for AMBC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.04 2.60 %
R2 15.84 1.33 %
R1 15.72 0.546 %
Current price: 15.63
Support S1 15.32 -2.00 %
S2 15.20 -2.78 %
S3 15.00 -4.05 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.94 8.38 %
R2 16.19 3.58 %
R1 15.65 0.128 %
Current price 15.63
Support S1 15.38 -1.60%
S2 15.13 -3.20%
S3 15.12 -3.26%

FAQ

What is the symbol for Ambac Financial Group Stock and on which exchange is it traded?
The symbol for Ambac Financial Group is AMBC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ambac Financial Group Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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.

How to buy Ambac Financial Group Stock?
Ambac Financial Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ambac Financial Group Stock.

What's the current price of Ambac Financial Group Stock?
As of the end of day on the 2024-03-28, the price of an Ambac Financial Group (AMBC) share was $15.63.

What is the 52-week high and low for Ambac Financial Group Stock?
The 52-week high for Ambac Financial Group Stock is $17.80 and the 52-week low is $11.26.

What is the market capitalization of Ambac Financial Group Stock?
As of the 2024-03-28, the market capitalization of Ambac Financial Group is 706.404M.

When is the next earnings date for Ambac Financial Group?
The upcoming earnings date for Ambac Financial Group is May 14, 2024.
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About Ambac Financial Group

Ambac Financial Group Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; specialty property & casualty program insurance; credit derivative contracts; and interest rate derivative transactions, as well as managing general agency / underwriting services. The company was incorpor... AMBC Profile

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