American Shared Hospital Services Stock Forecast

American Shared Hospital Services stock upgraded to Hold/Accumulate.
(Updated on Jul 02, 2024)

AMS Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The American Shared Hospital Services stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.21 and $3.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -11.08%. Further fall is indicated until a new bottom pivot has been found. 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 $2.99 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.120 between high and low, or 3.83%. For the last week the stock has had daily average volatility of 2.19%

Our recommended stop-loss: $2.94 (-6.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)

Trading Expectations (AMS) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect American Shared Hospital Services to open at $3.17, and during the day (based on 14 day Average True Range), to move between $3.03 and $3.23, which gives a possible trading interval of +/-$0.103 (+/-3.29%) 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 6.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.99 (4.47%) than the resistance at $3.36 (7.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is American Shared Hospital Services stock A Buy?

American Shared Hospital Services holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.881 Hold/Accumulate Upgraded

Predicted Opening Price for American Shared Hospital Services of Wednesday, July 3, 2024

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