ABTX Forecast and Technical Stock Analysis
Buy candidate since 2019-10-14 Gain 1.80% PDF
Allegiance Bancshares gained 0.17% in the last trading day ( Wednesday, 16th Oct 2019 ), rising from $34.42 to $34.48 , and has now gained 5 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 the day the stock fluctuated 1.57% from a day low at $34.37 to a day high of $34.91. The price has risen in 8 of the last 10 days and is up by 11.33% over the past 2 weeks. Volume fell in the last day by -12 326 shares and in total, 254 313 shares bought and sold for approximately $8.77 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 ABTX stock price was $35.40 and low was $30.40.
- 90 day high was $36.25 and low was $30.40.
- 52 week high for Allegiance Bancshares - $41.42 and low - $28.58.
Allegiance Bancshares is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Allegiance Bancshares with a 90% probability to be traded between $31.20 and $36.41 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. Allegiance Bancshares 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 $33.97 and $33.26. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday October 10, 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 - 80 ]
RSI14 is 69 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
Allegiance Bancshares finds support from accumulated volume at $34.10.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.54 between high and low, or 1.57%. For the last week, the stock has had a daily average volatility of 3.13%.
Our recommended stop-loss: $32.88 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)
3.13 %Average volatility
Very Low Low Medium High Very High
|ABTX $34.48 ($0.06 0.17%)|
ABTX is up $0.06 today, but where's it headed in 2019?
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