Stronger Sell Today AMBC ranks #4205 as SELL CANDIDATE. Weaker Sell
Today AMBC ranks #4205 as SELL CANDIDATE.

AMBC stock Ambac Financial Group

AMBC stock
Ambac Financial Group

April 25, 2019
Change -0.38%
Chart period: 2019-01-28 - 2019-04-25
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will AMBC stock price go up or down on Fri, 26 Apr 2019?

Ambac Financial Group Forecast and Stock Analysis

Technical AMBC stock analysis for April 25, 2019.

Sell candidate since 2019-03-20 Loss -6.25%
Shorts n/a
Cash n/a
Loans n/a
Beta 0.94
ROA 1.01

Ambac Financial Group fell by -0.38% in the last day from $18.38 to $18.31 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days , but is still up by 1.84% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -41 513 shares and in total 137 374 shares bought and sold for approximately $2.52 million.

Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the AMBC stock was $18.31. This is 0.38% less than the trading day before Wednesday, 24th Apr 2019.

During day the stock fluctuated 1.92% from a day low at $18.22 to a day high of $18.57.

30 day high of the AMBC stock price was $19.02 and low was $17.88.
90 day high was $21.01 and low was $17.88.
52 week high for the Ambac Financial Group - $23.34 and low - $15.02.

Trend

Ambac Financial Group 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 -6.00% during the next 3 months and, with 90% probability hold a price between $16.63 and $18.42 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Ambac Financial Group holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $18.41 and $18.75. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday April 23, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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A sell signal from a double top formation was found on Tuesday April 23, 2019 and based on theory for this formation the price should fall by -0.59% to $17.93 within 12 trading days since signal was issued (Thursday May 09, 2019).

Relative Strength Index (RSI)

RSI14 is 45 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Ambac Financial Group finds support from accumulated volume at $18.12.

Support: $18.12 Price: $18.31 Resistance: $18.42

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.35 (1.92%) between high and low. For the last week, the stock has had a daily average volatility of 1.77%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation: Sell Candidate

Ambac Financial Group holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.

Stronger Sell Today AMBC ranks #4205 as SELL CANDIDATE. Weaker Sell
Today AMBC ranks #4205 as SELL CANDIDATE.