AMNB Forecast and Technical Stock Analysis
Hold candidate since 2019-10-14 PDF
American National Bankshares gained 0.14% in the last trading day ( Monday, 14th Oct 2019 ), rising from $35.27 to $35.32 , and has now gained 5 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 0.81% from a day low at $35.10 to a day high of $35.39. The price has risen in 6 of the last 10 days , but is still down by -0.42% for this period. Volume fell in the last day by -4 543 shares and in total, 11 980 shares bought and sold for approximately $423 134.00. 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 $36.32 and low was $34.55.
- 90 day high was $37.43 and low was $32.51.
- 52 week high for American National Bankshares - $41.50 and low - $28.39.
American National Bankshares 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 -2.57% during the next 3 months and, with 90% probability hold a price between $31.42 and $35.28 at the end of this period.
American National Bankshares holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $35.04 and $34.87. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday October 08, 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. 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 55 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 $35.31.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: $33.56 (-4.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
1.05 %Average volatility
Very Low Low Medium High Very High
American National Bankshares holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|AMNB $35.32 ($0.05 0.14%)|
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