Wednesday December 11, 2019 Change 0.16% Price $38.26
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VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

AMNB Forecast and Technical Stock Analysis


Buy candidate since 2019-11-29 Gain 1.14% PDF

American National Bankshares gained 0.16% in the last trading day ( Wednesday, 11th Dec 2019 ), rising from $38.20 to $38.26 , and has now gained 3 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 2.11% from a day low at $37.47 to a day high of $38.26. The price has risen in 6 of the last 10 days , but is still down by -0.03% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1 827 more shares were traded than the day before. In total, 15 264 shares bought and sold for approximately $584 001.00.

Quick summary:

  • 30 day high of the AMNB stock price was $38.98 and low was $36.44.
  • 90 day high was $38.98 and low was $34.55.
  • 52 week high for American National Bankshares - $41.50 and low - $28.39.
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Trend

American National Bankshares lies in the middle of a weak 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 9.06% during the next 3 months and, with 90% probability hold a price between $40.42 and $42.59 at the end of this period.

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Signals

Only positive signals in the chart today. 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 $37.85 and $37.26. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday December 03, 2019, which indicates further gains until a new top pivot has been found. American National Bankshares has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 58 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

On the downside, the stock finds support just below today's level from accumulated volume at $36.05 and $36.00.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, American National Bankshares finds support just below today's level at $36.05. If this is broken, then the next support from accumulated volume will be at $36.00 and $35.50.

Support: $36.05 Price: $38.26 Resistance: $38.27

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 $0.79 (2.11%) between high and low. For the last week, the stock has had daily average volatility of 1.41%.

Our recommended stop-loss: $36.22 (-5.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 6 days ago.)

1.41 %

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate candidate.

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