Weaker Buy Today AMBC ranks #464 as BUY CANDIDATE #464 Stronger Buy

AMBC stock forecast Ambac Financial Group

AMBC stock forecast

Monday October 14, 2019 Change -0.20% Price $19.49
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

AMBC Forecast and Technical Stock Analysis


Buy candidate since 2019-10-02 Loss -1.07% PDF

Ambac Financial Group fell by -0.20% in the last day ( Monday, 14th Oct 2019 ) from $19.53 to $19.49 During the day the stock fluctuated 0.93% from a day low at $19.35 to a day high of $19.53. The price has been going up and down for this period, and there has been a -0.31% loss for the last 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 -15 249 shares and in total 112 409 shares bought and sold for approximately $2.19 million.

Quick summary:

  • 30 day high of the AMBC stock price was $20.74 and low was $18.87.
  • 90 day high was $20.74 and low was $17.12.
  • 52 week high for Ambac Financial Group - $21.38 and low - $14.44.
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Trend

Ambac Financial Group 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 12.72% during the next 3 months and, with 90% probability hold a price between $21.14 and $23.34 at the end of this period.

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Signals

Ambac Financial Group holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $19.51. On a fall, the stock will find some support from the long-term average at approximately $19.21. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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 Friday October 11, 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 buy signal from a double bottom formation was found on Tuesday October 08, 2019 and based on theory for this formation the price should go up by 0.63% to $19.75 within 10 trading days since signal was issued (Tuesday October 22, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 57 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

Ambac Financial Group finds support from accumulated volume at $18.82.

Support: $18.82 Price: $19.49 Resistance: $19.55

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 $0.18 (0.93%) between high and low. For the last week, the stock has had daily average volatility of 1.47%.

Our recommended stop-loss: $18.69 (-4.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 day(s) ago.)

1.47 %

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.

Weaker Buy Today AMBC ranks #464 as BUY CANDIDATE #464 Stronger Buy
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