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Today AMSF ranks #10315 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$52.02 (-2.64%)

Volume: 73k

Closed: Dec 03, 2021

Hollow Logo Score: -2.218

AMERISAFE Stock Forecast

$52.02 (-2.64%)

Volume: 73k

Closed: Dec 03, 2021

Score Hollow Logo -2.218
Which way will AMSF go? Request
Key Stats
P/E Ratio 11.10
Beta 0.51
Trailing Dividend Rate 2.11% ($1.10)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 29 and the stock is currently not being overbought or oversold

AMERISAFE stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

The AMERISAFE stock price fell by -2.64% on the last day (Friday, 3rd Dec 2021) from $53.43 to $52.02. During the day the stock fluctuated 4.39% from a day low at $51.71 to a day high of $53.98. The price has fallen in 7 of the last 10 days and is down by -5.25% for this period. 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 -3 thousand shares and in total, 73 thousand shares were bought and sold for approximately $3.79 million.

Given the current horizontal trend, you can expect AMERISAFE stock with a 90% probability to be traded between $52.03 and $63.73 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

There are few to no technical positive signals at the moment. The AMERISAFE 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 $53.61 and $57.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 08, 2021, and so far it has fallen -18.36%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.27 between high and low, or 4.39%. For the last week, the stock has had a daily average volatility of 3.37%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is AMERISAFE stock A Buy?

AMERISAFE holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.218

Predicted Opening Price for AMERISAFE of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$52.57 $52.02 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Oct 15, 2021 "JMP Securities" gave "$75.00 - $70.00" rating for AMSF. The price target was set to $57.35+0.4%.

Volatility and Risk
Daily Average Volatility: 3.37 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.37 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $53.09
Price: $52.02
No Support Found

AMSF Insider Trading Show all Trades

INSIDER POWER

1.278

Last 100 transactions
Buy: 124 108 | Sell: 97 113 (Shares)
Date Action Amount Person Type
Aug 19, 2021 Buy 2 772 Garcia Philip A Common stock, par value $0.01
Jun 11, 2021 Buy 801 Morris Jared A Common stock, par value $0.01
Jun 11, 2021 Buy 801 Brown Michael J Common stock, par value $0.01
Jun 11, 2021 Buy 801 Garcia Philip A Common stock, par value $0.01
Jun 11, 2021 Buy 801 Fontenot Teri G. Common stock, par value $0.01
Show all Insider Trades
INSIDER POWER

1.278

Last 100 transactions
Buy: 124 108 | Sell: 97 113 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 54.84 5.42 %
53.97 3.75 %
53.44 2.72 %
Current price: 52.02
Support 51.70 -0.61 %
51.17 -1.64 %
50.30 -3.31 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 54.50 4.77 %
54.26 4.31 %
53.09 2.06 %
Current price 52.02
Support 0 .
0 .
0 .

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About AMERISAFE

AMERISAFE AMERISAFE, Inc., an insurance holding company, provides workers’ compensation insurance in the United States. Its workers’ compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, manufacturing, agriculture, oil and gas, logging, and maritime industries through agencies... Read more

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