American Shared Hospital Services Stock Forecast
American Shared Hospital Services stock price down 0.498% on Tuesday
(Updated on Apr 23, 2024)
The American Shared Hospital Services stock price fell by -0.498% on the last day (Tuesday, 23rd Apr 2024) from $3.01 to $3.00. During the last trading day the stock fluctuated 4.81% from a day low at $2.91 to a day high of $3.05. The price has been going up and down for this period, and there has been a 0.84% gain for the last 2 weeks. 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 -2 thousand shares and in total, 16 thousand shares were bought and sold for approximately $47.41 thousand.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $3.01 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.31% during the next 3 months and, with a 90% probability hold a price between $2.94 and $3.33 at the end of this 3-month period.
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AMS Signals & Forecast
The American Shared Hospital Services 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 $2.96 and $2.80. A breakdown below any of these levels will issue sell signals. 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 Monday, April 22, 2024, and so far it has fallen -0.498%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for American Shared Hospital Services stock
American Shared Hospital Services finds support from accumulated volume at $2.95 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.140 between high and low, or 4.81%. For the last week the stock has had daily average volatility of 3.57%.
Our recommended stop-loss: $2.87 (-4.05%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (AMS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect American Shared Hospital Services to open at $2.99, and during the day (based on 14 day Average True Range), to move between $2.89 and $3.10, which gives a possible trading interval of +/-$0.109 (+/-3.63%) up or down from last closing price. If American Shared Hospital Services takes out the full calculated possible swing range there will be an estimated 7.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.01 (0.50%) than the support at $2.95 (1.50%), 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 American Shared Hospital Services stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for American Shared Hospital Services stock to perform well in the short-term.
Current score: 2.808 Buy Candidate Unchanged
Predicted Opening Price for American Shared Hospital Services of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $2.99 ( 0.334%) | $3.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.13 | 4.34 % | |
| R2 | 3.07 | 2.55 % | ||
| R1 | 3.04 | 1.45 % | ||
| Current price: | 3.00 | |||
| Support | S1 | 2.93 | -2.12 % | |
| S2 | 2.90 | -3.22 % | ||
| S3 | 2.85 | -5.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 3.01 | 0.501 % | ||
| Current price | 3.00 | |||
| Support | S1 | 2.95 | -1.50% | |
| S2 | 2.65 | -11.52% | ||
| S3 | 2.59 | -13.51% |
AMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 15, 2007 | Jun 28, 2007 | Jul 16, 2007 | $0.0480 | 0.82% |
| 2 | Mar 14, 2007 | Mar 29, 2007 | Apr 16, 2007 | $0.0480 | 0.83% |
| 3 | Dec 14, 2006 | Dec 28, 2006 | Jan 15, 2007 | $0.0480 | 0.750% |
| 4 | Sep 21, 2006 | Sep 28, 2006 | Oct 16, 2006 | $0.0480 | 0.767% |
| 5 | Jun 19, 2006 | Jun 29, 2006 | Jul 14, 2006 | $0.0480 | 0.81% |
FAQ
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