AMERIPRISE FINANCIAL SERVICES INC Stock Forecast
AMERIPRISE FINANCIAL SERVICES INC stock price ended at $418.95 on Friday, after gaining 0.593%.
(Updated on May 03, 2024)
The AMERIPRISE FINANCIAL SERVICES INC stock price gained 0.593% on the last trading day (Friday, 3rd May 2024), rising from $416.48 to $418.95. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.46% from a day low at $414.36 to a day high of $420.41. The price has risen in 6 of the last 10 days and is up by 0.47% 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, 52 thousand more shares were traded than the day before. In total, 266 thousand shares were bought and sold for approximately $111.61 million.
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 6.26% during the next 3 months and, with a 90% probability hold a price between $436.86 and $477.25 at the end of this 3-month period.
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AMP Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 2.76%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AMERIPRISE FINANCIAL SERVICES INC 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 $423.02. On a fall, the stock will find some support from the short-term average at $413.99. 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.
Support, Risk & Stop-loss for AMERIPRISE FINANCIAL SERVICES INC stock
AMERIPRISE FINANCIAL SERVICES INC finds support from accumulated volume at $407.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $6.05 (1.46%) between high and low. For the last week, the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: $397.26 (-5.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (AMP) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect AMERIPRISE FINANCIAL SERVICES INC to open at $417.91, and during the day (based on 14 day Average True Range), to move between $410.94 and $426.96, which gives a possible trading interval of +/-$8.01 (+/-1.91%) up or down from last closing price. If AMERIPRISE FINANCIAL SERVICES INC takes out the full calculated possible swing range there will be an estimated 3.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $419.49 (0.13%) than the support at $407.69 (2.69%), 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 AMERIPRISE FINANCIAL SERVICES INC stock A Buy?
AMERIPRISE 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: -0.976 Hold/Accumulate Unchanged
Predicted Opening Price for AMERIPRISE FINANCIAL SERVICES INC of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $417.91 ( 0.249%) | $418.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 423.96 | 1.20 % | |
| R2 | 421.65 | 0.643 % | ||
| R1 | 420.22 | 0.303 % | ||
| Current price: | 418.95 | |||
| Support | S1 | 415.60 | -0.80 % | |
| S2 | 414.17 | -1.14 % | ||
| S3 | 411.86 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 424.36 | 1.29 % | |
| R2 | 421.38 | 0.580 % | ||
| R1 | 419.49 | 0.129 % | ||
| Current price | 418.95 | |||
| Support | S1 | 407.69 | -2.69% | |
| S2 | 407.36 | -2.77% | ||
| S3 | 391.36 | -6.59% |
AMP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | May 03, 2024 | May 17, 2024 | $1.48 | 0.353% |
| 2 | Jan 24, 2024 | Feb 08, 2024 | Feb 27, 2024 | $1.35 | 0.330% |
| 3 | Oct 25, 2023 | Nov 03, 2023 | Nov 17, 2023 | $1.35 | 0.388% |
| 4 | Jul 26, 2023 | Aug 07, 2023 | Aug 18, 2023 | $1.35 | 0.406% |
| 5 | Jul 26, 2023 | Aug 04, 2023 | Aug 18, 2023 | $1.35 | 0.406% |
FAQ
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