Weaker Buy Today ABTX ranks #1290 as BUY CANDIDATE #1290 Stronger Buy

ABTX stock forecast Allegiance Bancshares

ABTX stock forecast

Friday December 13, 2019 Change 0.00% Price $36.99
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

ABTX Forecast and Technical Stock Analysis


Buy candidate since 2019-12-04 Gain 2.78% PDF

No changes to the price of Allegiance Bancshares in the last trading day ( Friday, 13th Dec 2019 ). During the day the stock fluctuated 1.51% from a day low at $36.54 to a day high of $37.09. The price has risen in 6 of the last 10 days and is up by 3.09% over the past 2 weeks.

Quick summary:

  • 30 day high of the ABTX stock price was $37.11 and low was $33.90.
  • 90 day high was $37.11 and low was $30.40.
  • 52 week high for Allegiance Bancshares - $38.95 and low - $28.58.
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Trend

Allegiance Bancshares lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.74% during the next 3 months and, with 90% probability hold a price between $37.49 and $42.02 at the end of this period.

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Signals

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 $36.59 and $35.24. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday December 12, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 80 ]

RSI14 is 71 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

On the downside, the stock finds support just below today's level from accumulated volume at $34.65 and $33.92.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Allegiance Bancshares finds support just below today's level at $34.65. If this is broken, then the next support from accumulated volume will be at $33.92 and $33.49.

Support: $34.65 Price: $36.99

Risk

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 $0.55 (1.51%) between high and low. For the last week, the stock has had daily average volatility of 1.43%.

Our recommended stop-loss: $35.58 (-3.81%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 day(s) ago.)

1.43 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate candidate.

Weaker Buy Today ABTX ranks #1290 as BUY CANDIDATE #1290 Stronger Buy
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