ABTX Forecast and Technical Stock Analysis
Sell candidate since 2019-08-14 Gain 3.05%
Allegiance Bancshares gained 1.12% in the last trading day ( Monday, 19th Aug 2019 ), rising from $32.08 to $32.44 , and has now gained 4 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 1.39% from a day low at $32.28 to a day high of $32.73. The price has risen in 6 of the last 10 days and is up by 2.01% over the past 2 weeks. Volume fell in the last day by -28 610 shares and in total, 44 148 shares bought and sold for approximately $1.43 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 $35.83 and low was $31.18.
- 90 day high was $35.83 and low was $31.18.
- 52 week high for Allegiance Bancshares - $45.62 and low - $28.58.
Allegiance Bancshares lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.62% during the next 3 months and, with 90% probability hold a price between $30.18 and $33.69 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday August 14, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Allegiance Bancshares holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $33.05. On a fall, the stock will find some support from the short-term average at $32.08. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 39 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 $32.42.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.08 %Average volatility
Very Low Low Medium High Very High
|ABTX $32.44 ($0.36 1.12%)|
ABTX is up $0.36 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for ABTX 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 ABTX 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!