American Shared Hospital Services Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
American Shared Hospital Services stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The American Shared Hospital Services stock price gained 1.33% on the last trading day (Friday, 3rd May 2024), rising from $2.93 to $2.97. During the last trading day the stock fluctuated 0% from a day low at $2.97 to a day high of $2.97. The price has risen in 7 of the last 10 days but is still down by -0.66% for this period. Volume fell on the last day by -11 thousand shares and in total, 549 shares were bought and sold for approximately $1.63 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong 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 15.27% during the next 3 months and, with a 90% probability hold a price between $3.20 and $3.78 at the end of this 3-month period.
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AMS Signals & Forecast
A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -8.62%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The American Shared Hospital Services stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $3.08. On a fall, the stock will find some support from the long-term average at approximately $2.89. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.31%.
Our recommended stop-loss: $2.81 (-5.40%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (AMS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect American Shared Hospital Services to open at $2.97, and during the day (based on 14 day Average True Range), to move between $2.85 and $3.09, which gives a possible trading interval of +/-$0.123 (+/-4.15%) 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 8.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.99 (0.67%) than the support at $2.95 (0.67%), 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.
Earnings coming up
American Shared Hospital Services will release earnings BMO on Friday, May 10, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0300. We will update the financials statements for American Shared Hospital Services, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.73% in the first trading day after earnings release.
Is American Shared Hospital Services stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.059 Buy Candidate Upgraded
Predicted Opening Price for American Shared Hospital Services of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $2.97 ( 0%) | $2.97 |
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 | 2.97 | . | |
| R2 | 2.97 | . | ||
| R1 | 2.97 | . | ||
| Current price: | 2.97 | |||
| Support | S1 | 2.97 | . | |
| S2 | 2.97 | . | ||
| S3 | 2.97 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.04 | 2.51 % | |
| R2 | 3.01 | 1.35 % | ||
| R1 | 2.99 | 0.673 % | ||
| Current price | 2.97 | |||
| Support | S1 | 2.95 | -0.673% | |
| S2 | 2.65 | -10.77% | ||
| S3 | 2.59 | -12.78% |
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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