Stronger Sell Today AMNB ranks #2798 as SELL CANDIDATE #2798 Weaker Sell

AMNB stock forecast American National Bankshares

AMNB stock forecast

VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

AMNB Forecast and Technical Stock Analysis

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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.

Quick summary:

  • 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.
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Trend

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.

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Signals

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.

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A buy signal from a double bottom formation was found on Wednesday August 14, 2019 with a target of $35.37. Despite the objective of the signal formation has been reached the stock may continue to perform well.

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.

Support: $35.39 Price: $35.47 Resistance: $36.11

Risk

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

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

American National Bankshares holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Stronger Sell Today AMNB ranks #2798 as SELL CANDIDATE #2798 Weaker Sell

Will AMNB stock price go up or down on Wed, 21 Aug 2019?

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