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Stronger technical forecast for Ameris Bancorp stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 22, 2024 Gain 2.45% PDF

The Ameris Bancorp stock price gained 3.42% on the last trading day (Wednesday, 27th Mar 2024), rising from $46.55 to $48.14. During the last trading day the stock fluctuated 3.76% from a day low at $46.42 to a day high of $48.16. The price has risen in 6 of the last 10 days and is up by 4.47% over the past 2 weeks. Volume fell on the last day by -31 thousand shares and in total, 237 thousand shares were bought and sold for approximately $11.40 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 $48.22 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 -12.30% during the next 3 months and, with a 90% probability hold a price between $37.69 and $42.29 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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ABCB Signals & Forecast

Mostly positive signals in the chart today. The Ameris Bancorp 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 $47.23 and $46.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 6.53%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for Ameris Bancorp stock

Ameris Bancorp finds support from accumulated volume at $47.42 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 $1.75 (3.76%) between high and low. For the last week, the stock has had daily average volatility of 2.44%.

Our recommended stop-loss: $45.52 (-5.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (ABCB) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Ameris Bancorp to open at $47.57, and during the day (based on 14 day Average True Range), to move between $46.80 and $49.48, which gives a possible trading interval of +/-$1.34 (+/-2.78%) up or down from last closing price. If Ameris Bancorp takes out the full calculated possible swing range there will be an estimated 5.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $47.42 (1.50%) than the resistance at $49.90 (3.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ameris Bancorp stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.038 Buy Candidate Upgraded

Predicted Opening Price for Ameris Bancorp of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$47.57 ( 1.18%) $48.14

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ABCB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 49.32 2.44 %
R2 48.65 1.06 %
R1 48.24 0.204 %
Current price: 48.14
Support S1 46.91 -2.57 %
S2 46.49 -3.42 %
S3 45.83 -4.81 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 52.77 9.62 %
R2 52.15 8.33 %
R1 49.90 3.66 %
Current price 48.14
Support S1 47.42 -1.50%
S2 46.95 -2.47%
S3 45.59 -5.30%

ABCB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 14, 2024 Mar 27, 2024 Apr 08, 2024 $0.150 0.311%
2 Dec 11, 2023 Dec 28, 2023 Jan 08, 2024 $0.150 0.291%
3 Sep 15, 2023 Sep 28, 2023 Oct 09, 2023 $0.150 0.392%
4 Jun 05, 2023 Jun 29, 2023 Jul 10, 2023 $0.150 0.435%
5 Mar 16, 2023 Mar 30, 2023 Apr 10, 2023 $0.150 0.432%

FAQ

What is the symbol for Ameris Bancorp Stock and on which exchange is it traded?
The symbol for Ameris Bancorp is ABCB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ameris Bancorp Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Ameris Bancorp Stock?
Ameris Bancorp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ameris Bancorp Stock.

What's the current price of Ameris Bancorp Stock?
As of the end of day on the 2024-03-27, the price of an Ameris Bancorp (ABCB) share was $48.14.

What is the 52-week high and low for Ameris Bancorp Stock?
The 52-week high for Ameris Bancorp Stock is $53.98 and the 52-week low is $28.33.

What is the market capitalization of Ameris Bancorp Stock?
As of the 2024-03-27, the market capitalization of Ameris Bancorp is 3.323B.

When is the next earnings date for Ameris Bancorp?
The upcoming earnings date for Ameris Bancorp is Apr 25, 2024.
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About Ameris Bancorp

Ameris Ban Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, North Carolina, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. It offers commercial and retail checking, regular interest-bearing savi... ABCB Profile

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