Friday June 14, 2019 Change 0.39% Price $38.28
Chart period: 2019-03-15 - 2019-06-14
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will ABCB stock price go up or down on Mon, 17 Jun 2019?

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Ameris Bancorp Forecast and Stock Analysis

Technical ABCB stock analysis for Friday June 14, 2019.

Buy candidate since 2019-06-07 Gain 4.65%


Ameris Bancorp gained 0.39% in the last trading day ( Friday, 14th Jun 2019 ), rising from $38.13 to $38.28 , and has now gained 3 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 day the stock fluctuated 2.15% from a day low at $37.62 to a day high of $38.43. The price has risen in 6 of the last 10 days and is up by 8.47% over the past 2 weeks. Volume fell in the last day by -42 285 shares, and in total, 192 768 shares bought and sold for approximately $7.38 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the ABCB stock price was $38.43 and low was $34.96.
  • 90 day high was $38.64 and low was $32.91.
  • 52 week high for the Ameris Bancorp - $58.10 and low - $29.97.

Trend

Ameris Bancorp lies in the upper part of a weak rising trend in the short term, and this will 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 $38.45 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 5.2% during the next 3 months and, with 90% probability hold a price between $36.86 and $40.45 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Ameris Bancorp holds buy signals from both short- and long-term moving averages. In addition, 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 $37.55 and $36.56. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday June 07, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

The stock had a Golden Star Signal* on Monday June 03, 2019 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 66 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Ameris Bancorp finds support from accumulated volume at $37.92.

Support: $37.92 Price: $38.28 Resistance: $38.33

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.81 (2.15%) between high and low. For the last week, the stock has had a daily average volatility of 2.03%.

Our recommended stoploss: $36.73 (-4.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

2.03 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

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.

Buy Candidate Upgraded
Weaker Buy Today ABCB ranks #361 as BUY CANDIDATE #361 Stronger Buy

Will ABCB stock price go up or down on Mon, 17 Jun 2019?

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