Ames National Corporation Stock Forecast
Green day on Tuesday for Ames National Corporation stock after gaining 0.93%
(Updated on Apr 23, 2024)
The Ames National Corporation stock price gained 0.93% on the last trading day (Tuesday, 23rd Apr 2024), rising from $19.32 to $19.50. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.591% from a day low at $19.47 to a day high of $19.59. The price has risen in 6 of the last 10 days but is still down by -2.16% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 979 more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $115.01 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ames National Corporation stock with a 90% probability to be traded between $17.54 and $20.72 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.
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ATLO Signals & Forecast
There are mixed signals in the stock today. The Ames National Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $19.55. On a fall, the stock will find some support from the short-term average at $19.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -6.70%. 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 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.
Support, Risk & Stop-loss for Ames National Corporation stock
Ames National Corporation finds support from accumulated volume at $18.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.115 (0.591%) between high and low. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATLO) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Ames National Corporation to open at $19.52, and during the day (based on 14 day Average True Range), to move between $18.97 and $20.03, which gives a possible trading interval of +/-$0.526 (+/-2.70%) up or down from last closing price. If Ames National Corporation takes out the full calculated possible swing range there will be an estimated 5.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.03 (2.72%) than the support at $18.68 (4.21%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.148 Sell Candidate Unchanged
Predicted Opening Price for Ames National Corporation of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$19.52 ( 0.0940%) | $19.50 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 19.63 | 0.684 % | |
R2 | 19.59 | 0.458 % | ||
R1 | 19.56 | 0.319 % | ||
Current price: | 19.50 | |||
Support | S1 | 19.47 | -0.131 % | |
S2 | 19.45 | -0.270 % | ||
S3 | 19.40 | -0.496 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.24 | 14.05 % | |
R2 | 20.59 | 5.59 % | ||
R1 | 20.03 | 2.72 % | ||
Current price | 19.50 | |||
Support | S1 | 18.68 | -4.21% | |
S2 | 18.44 | -5.44% | ||
S3 | 18.13 | -7.03% |
ATLO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 14, 2024 | Apr 30, 2024 | May 15, 2024 | $0.270 | 1.38% |
2 | Nov 08, 2023 | Jan 31, 2024 | Feb 15, 2024 | $0.270 | 1.45% |
3 | Aug 09, 2023 | Oct 31, 2023 | Nov 15, 2023 | $0.270 | 1.41% |
4 | May 10, 2023 | Jul 31, 2023 | Aug 15, 2023 | $0.270 | 1.44% |
5 | Feb 08, 2023 | Apr 28, 2023 | May 15, 2023 | $0.270 | 1.51% |
FAQ
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