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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ATLO
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Stronger technical forecast for Ames National Corporation stock price after Tuesday trading.
(Updated on Jun 11, 2024)

Hold candidate since Jun 11, 2024 PDF

The Ames National Corporation stock price gained 0.348% on the last trading day (Tuesday, 11th Jun 2024), rising from $20.11 to $20.18. During the last trading day the stock fluctuated 0.90% from a day low at $20.00 to a day high of $20.18. The price has fallen in 5 of the last 10 days but is still up by 0.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $125.30 thousand.

The stock lies in the middle of a wide and weak 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 4.33% during the next 3 months and, with a 90% probability hold a price between $20.36 and $22.67 at the end of this 3-month period.

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ATLO Signals & Forecast

Ames National Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ames National Corporation 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 $20.25 and $20.32. 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 -4.59%. 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).

Support, Risk & Stop-loss for Ames National Corporation stock

Ames National Corporation finds support from accumulated volume at $19.87 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 $0.180 between high and low, or 0.90%. For the last week the stock has had daily average volatility of 1.09%.

Our recommended stop-loss: $18.96 (-6.04%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)

Trading Expectations (ATLO) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Ames National Corporation to open at $20.12, and during the day (based on 14 day Average True Range), to move between $19.76 and $20.60, which gives a possible trading interval of +/-$0.415 (+/-2.06%) up or down from last closing price. If Ames National Corporation takes out the full calculated possible swing range there will be an estimated 4.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $20.42 (1.19%) than the support at $19.87 (1.54%), 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 Ames National Corporation stock A Buy?

Ames National Corporation 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: -0.994 Hold/Accumulate Upgraded

Predicted Opening Price for Ames National Corporation of Wednesday, June 12, 2024

Fair opening price June 12, 2024 Current price
$20.12 ( 0.297%) $20.18

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

Trading levels for ATLO

Fibonacci Support & Resistance Levels

Level Price
R3 20.30 0.595%
R2 20.23 0.254%
R1 20.19 0.0434%
Price 20.18
S1 20.05 -0.638%
S2 20.01 -0.85%
S3 19.94 -1.19%

Accumulated Volume Support & Resistance Levels

Level Price
R3 21.00 4.06%
R2 20.59 2.03%
R1 20.42 1.19%
Price 20.18
S1 19.87 -1.54%
S2 19.59 -2.92%
S3 19.32 -4.26%

ATLO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 01, 2024 Aug 01, 2024 Aug 15, 2024 $0.270 1.34%
2 May 08, 2024 Jul 31, 2024 Aug 15, 2024 $0.270 1.34%
3 Feb 14, 2024 Apr 30, 2024 May 15, 2024 $0.270 1.29%
4 Nov 08, 2023 Jan 31, 2024 Feb 15, 2024 $0.270 1.45%
5 Aug 09, 2023 Oct 31, 2023 Nov 15, 2023 $0.270 1.41%

FAQ

What is the symbol for Ames National Corporation Stock and on which exchange is it traded?
The symbol for Ames National Corporation is ATLO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ames National Corporation Stock?
Ames National Corporation 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.

How to buy Ames National Corporation Stock?
Ames National Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ames National Corporation Stock.

What's the current price of Ames National Corporation Stock?
As of the end of day on the Jun 11, 2024, the price of an Ames National Corporation (ATLO) share was $20.18.

What is the 52-week high and low for Ames National Corporation Stock?
The 52-week high for Ames National Corporation Stock is $22.50 and the 52-week low is $15.01.

What is the market capitalization of Ames National Corporation Stock?
As of the Jun 11, 2024, the market capitalization of Ames National Corporation is 181.462M.

When is the next earnings date for Ames National Corporation?
The upcoming earnings date for Ames National Corporation is Aug 05, 2024.
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About Ames National Corporation

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, and Union counties in central, north-central, and south-central Iowa. The company accepts a range of deposits, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit. It also provides loans, such as short-term and me... ATLO Profile

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