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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Ames National Corporation stock price up 0.699% on Thursday
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Gain 0.70% PDF

The Ames National Corporation stock price gained 0.699% on the last trading day (Thursday, 28th Mar 2024), rising from $20.04 to $20.18. During the last trading day the stock fluctuated 1.92% from a day low at $19.91 to a day high of $20.30. The price has been going up and down for this period, and there has been a 4.45% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately $319.23 thousand.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $20.76 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.46% during the next 3 months and, with a 90% probability hold a price between $16.21 and $19.63 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ATLO Signals & Forecast

The Ames National Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $20.13 and $19.09. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -3.44%. Further fall is indicated until a new bottom pivot has been found.

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

On the downside, the stock finds support just below today's level from accumulated volume at $18.68 and $18.44. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ames National Corporation finds support just below today's level at $18.68. If this is broken, then the next support from accumulated volume will be at $18.44 and $18.13.

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 $0.383 between high and low, or 1.92%. For the last week, the stock has had daily average volatility of 3.21%.

Our recommended stop-loss: $19.24 (-4.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (ATLO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ames National Corporation to open at $20.13, and during the day (based on 14 day Average True Range), to move between $19.54 and $20.82, which gives a possible trading interval of +/-$0.637 (+/-3.16%) up or down from last closing price. If Ames National Corporation takes out the full calculated possible swing range there will be an estimated 6.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $20.59 (2.03%) than the support at $18.68 (7.43%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.253 Hold/Accumulate Unchanged

Predicted Opening Price for Ames National Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$20.13 ( 0.243%) $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
Resistance R3 20.51 1.65 %
R2 20.37 0.93 %
R1 20.28 0.482 %
Current price: 20.18
Support S1 19.98 -0.97 %
S2 19.89 -1.42 %
S3 19.75 -2.14 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 22.24 10.21 %
R2 20.68 2.48 %
R1 20.59 2.03 %
Current price 20.18
Support S1 18.68 -7.43%
S2 18.44 -8.62%
S3 18.13 -10.16%

ATLO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 14, 2024 Apr 30, 2024 May 15, 2024 $0.270 1.34%
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

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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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 2024-03-28, 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 2024-03-28, 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 May 06, 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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