AMNB Forecast and Technical Stock Analysis
Sell candidate since 2019-08-09 Gain 1.52%
American National Bankshares gained 0.48% in the last trading day ( Monday, 19th Aug 2019 ), rising from $35.30 to $35.47 , 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 1.81% from a day low at $35.04 to a day high of $35.67. The price has been going up and down for this period, and there has been a 1.31% gain for the last 2 weeks. Volume fell in the last day by -904 shares and in total, 10 794 shares bought and sold for approximately $382 863.00. 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 AMNB stock price was $37.43 and low was $33.82.
- 90 day high was $41.50 and low was $33.82.
- 52 week high for American National Bankshares - $42.00 and low - $28.39.
American National Bankshares 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 American National Bankshares with a 90% probability to be traded between $34.22 and $38.51 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.
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. American National Bankshares 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 $36.16. On a fall, the stock will find some support from the short-term average at $34.91. 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 - 75 ]
RSI14 is 42 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
American National Bankshares finds support from accumulated volume at $35.39.
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.
2.40 %Average volatility
Very Low Low Medium High Very High
|AMNB $35.47 ($0.17 0.48%)|
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Golden Star Signal
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