ABCB Forecast and Technical Stock Analysis
Hold candidate since 2019-09-11 Gain 4.51% PDF
Ameris Bancorp gained 1.94% in the last trading day ( Friday, 13th Sep 2019 ), rising from $38.67 to $39.42 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 2.97% from a day low at $38.71 to a day high of $39.86. The price has risen in 7 of the last 10 days and is up by 11.39% over the past 2 weeks. Volume fell in the last day by -3 400 shares and in total, 581 488 shares bought and sold for approximately $22.92 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.
- 30 day high of the ABCB stock price was $39.86 and low was $33.71.
- 90 day high was $40.43 and low was $33.71.
- 52 week high for Ameris Bancorp - $49.90 and low - $29.97.
Ameris Bancorp has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $38.30, a level that may pose a second chance to hit a runner. According to fan-theory $43.06 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
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 $36.95 and $36.72. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday September 03, 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 it may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 73 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 $39.19.
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 $1.15 (2.97%) between high and low. For the last week, the stock has had daily average volatility of 3.55%.
Since the Ameris Bancorp has been rising for 6 days in a row, the risk for the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $38.06 (-3.45%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 8 days ago.)
3.55 %Average volatility
Very Low Low Medium High Very High
|ABCB $39.42 ($0.75 1.94%)|
ABCB is up $0.75 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for ABCB based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the ABCB analysis is free »
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!