ABCB Forecast and Technical Stock Analysis
Buy candidate since 2019-11-15 Loss -0.76% PDF
Ameris Bancorp fell by -0.14% in the last day ( Wednesday, 20th Nov 2019 ) from $43.33 to $43.27 During the day the stock fluctuated 1.66% from a day low at $42.90 to a day high of $43.61. The price has been going up and down for this period, and there has been a -1.28% loss for the last 2 weeks. Volume has increased in the last day by 54 795 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 329 958 shares bought and sold for approximately $14.28 million.
- 30 day high of the ABCB stock price was $44.76 and low was $41.08.
- 90 day high was $44.76 and low was $33.71.
- 52 week high for Ameris Bancorp - $44.76 and low - $29.97.
Ameris Bancorp lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $42.76 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.24% during the next 3 months and, with 90% probability hold a price between $54.40 and $59.75 at the end of this period.
Ameris Bancorp holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $43.58. On a fall, the stock will find some support from the long-term average at approximately $42.34. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday November 18, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 55 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Ameris Bancorp finds support from accumulated volume at $42.68.
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 $0.71 (1.66%) between high and low. For the last week, the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: $41.15 (-4.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
1.61 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.
|ABCB $43.27 ($-0.06 -0.14%)|
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