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Ames National Corporation Stock Forecast NASDAQ:ATLO

$24.21 (-0.33%)

Volume: 10k

Closed: Dec 03, 2021

Hollow Logo Score: -2.878

Ames National Corporation Stock Forecast

$24.21 (-0.33%)

Volume: 10k

Closed: Dec 03, 2021

Score Hollow Logo -2.878
Which way will ATLO go? Request
Key Stats
P/E Ratio 9.24
Beta 0.37
Trailing Dividend Rate 4.19% ($1.01)
Next Dividend Date Jan 31, 2022
* 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 36 and the stock is currently not being overbought or oversold

Ames National Corporation stock price down 0.33% on Friday
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-01 Gain 0.12%

The Ames National Corporation stock price fell by -0.33% on the last day (Friday, 3rd Dec 2021) from $24.29 to $24.21. During the day the stock fluctuated 0.96% from a day low at $24.07 to a day high of $24.30. The price has fallen in 6 of the last 10 days and is down by -2.54% for this period. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 10 thousand shares were bought and sold for approximately $243.19 thousand.

Given the current short-term trend, the stock is expected to rise 7.94% during the next 3 months and, with a 90% probability hold a price between $26.13 and $27.38 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Ames National Corporation stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $24.41 and $24.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 10, 2021, and so far it has fallen -2.69%. 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). Ames National Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss

Ames National Corporation finds support from accumulated volume at $24.01 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 $0.23 between high and low, or 0.96%. For the last week the stock has had a daily average volatility of 1.96%.

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

Is Ames National Corporation stock A Buy?

The Ames National Corporation stock holds several negative signals and despite the positive trend, we believe Ames National Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.878

Predicted Opening Price for Ames National Corporation 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
$24.19 $24.21 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 1.96 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.96 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $24.22
Price: $24.21
Support: $24.01

ATLO Insider Trading Show all Trades

INSIDER POWER

Last 100 transactions
Buy: 37 458 | Sell: 0 (Shares)
Date Action Amount Person Type
Nov 30, 2021 Buy 253 Benson David W. Common Stock
Nov 30, 2021 Buy 219 Cassabaum Michelle R Common Stock
Oct 29, 2021 Buy 59 Cassabaum Michelle R Common Stock
Oct 29, 2021 Buy 93 Benson David W. Common Stock
Oct 25, 2021 Buy 300 Hagan Patrick G Common Stock
Show all Insider Trades
INSIDER POWER

Last 100 transactions
Buy: 37 458 | Sell: 0 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 24.42 0.88 %
24.34 0.52 %
24.28 0.29 %
Current price: 24.21
Support 24.11 -0.43 %
24.05 -0.66 %
23.96 -1.02 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 24.75 2.23 %
24.52 1.28 %
24.22 0.0413 %
Current price 24.21
Support 24.01 -0.83%
23.51 -2.89%
23.40 -3.35%

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About Ames National Corporation

Ames National Corporation operates as a multi-bank holding company that provides banking services to individuals and businesses primarily in the central and north central Iowa counties of Boone, Hancock, Marshall, Polk, and Story. The company offers a range of deposits, including checking accounts, savings accounts, money market accounts, time deposits, demand deposits, and certificates of deposit; and loans comprising short-term and medium-term ... Read more

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