0% commission for ETF tradesAMERIPRISE FINANCIAL SERVICES INC Stock Forecast
AI Analysis of AMP
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Weaker technical forecast for AMERIPRISE FINANCIAL SERVICES INC as stock downgraded to Hold/Accumulate.
(Updated on Sep 13, 2024)
The AMERIPRISE FINANCIAL SERVICES INC stock price gained 1.15% on the last trading day (Friday, 13th Sep 2024), rising from $435.38 to $440.39. During the last trading day the stock fluctuated 0.96% from a day low at $437.79 to a day high of $441.98. The price has been going up and down for this period, and there has been a -0.58% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 64 thousand more shares were traded than the day before. In total, 320 thousand shares were bought and sold for approximately $140.74 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $449.62 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect AMERIPRISE FINANCIAL SERVICES INC stock with a 90% probability to be traded between $393.14 and $450.83 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AMP Signals & Forecast
The AMERIPRISE FINANCIAL SERVICES INC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $435.95 and $427.24. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, August 30, 2024, and so far it has fallen -2.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AMERIPRISE FINANCIAL SERVICES INC stock
AMERIPRISE FINANCIAL SERVICES INC finds support from accumulated volume at $429.05 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 $4.19 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: $421.44 (-4.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (AMP) For The Upcoming Trading Day Of Monday 16th
For the upcoming trading day on Monday, 16th we expect AMERIPRISE FINANCIAL SERVICES INC to open at $440.05, and during the day (based on 14 day Average True Range), to move between $431.97 and $448.81, which gives a possible trading interval of +/-$8.42 (+/-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 $441.67 (0.29%) than the support at $429.05 (2.57%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
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Current score: 0.679 Hold/Accumulate Downgraded
Predicted Opening Price for AMERIPRISE FINANCIAL SERVICES INC of Monday, September 16, 2024
| Fair opening price September 16, 2024 | Current price |
|---|---|
| $440.05 ( 0.0768%) | $440.39 |
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 | |
|---|---|---|
| R3 | 444.24 | 0.87% |
| R2 | 442.64 | 0.510% |
| R1 | 441.65 | 0.286% |
| Price | 440.39 | |
| S1 | 438.45 | -0.440% |
| S2 | 437.47 | -0.664% |
| S3 | 435.87 | -1.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 442.97 | 0.586% |
| R2 | 442.22 | 0.416% |
| R1 | 441.67 | 0.291% |
| Price | 440.39 | |
| S1 | 429.05 | -2.57% |
| S2 | 424.25 | -3.66% |
| S3 | 421.56 | -4.28% |
AMP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 24, 2024 | Aug 05, 2024 | Aug 16, 2024 | $1.48 | 0.343% |
| 2 | Apr 22, 2024 | May 03, 2024 | May 17, 2024 | $1.48 | 0.341% |
| 3 | Jan 24, 2024 | Feb 08, 2024 | Feb 27, 2024 | $1.35 | 0.330% |
| 4 | Oct 25, 2023 | Nov 03, 2023 | Nov 17, 2023 | $1.35 | 0.388% |
| 5 | Jul 26, 2023 | Aug 07, 2023 | Aug 18, 2023 | $1.35 | 0.406% |
FAQ
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