American River Bankshares Forecast and Stock Analysis
Technical AMRB stock analysis for February 21, 2019.
American River Bankshares fell by -0.36% in the last day from $14.05 to $14.00 The price has risen in 6 of the last 10 days and is up by 1.82% over the past 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 -360 shares and in total 1 053 shares bought and sold for approximately $14 742.00.
Close price at the end of the last trading day (Thursday, 21st Feb 2019) of the AMRB stock was $14.00. This is 0.36% less than the trading day before Wednesday, 20th Feb 2019.
During day the stock fluctuated 2.26% from a day low at $13.70 to a day high of $14.01.
30 day high of the AMRB stock price was $15.00 and low was $12.64.
90 day high was $15.13 and low was $10.50.
52 week high for the American River Bankshares - $17.50 and low - $10.50.
American River Bankshares lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $14.04 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.63% during the next 3 months and, with 90% probability hold a price between $11.01 and $13.39 at the end of this period.
American River 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 $13.95 and $13.70. A break down below any of these levels will issue sell signals. 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 Wednesday February 20, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
American River Bankshares finds support from accumulated volume at $13.70.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $13.41 (-4.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)
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American River 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 for 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.