AMRB Forecast and Technical Stock Analysis
Buy candidate since 2019-08-14 Gain 4.08%
American River Bankshares gained 2.81% in the last trading day ( Monday, 19th Aug 2019 ), rising from $13.16 to $13.53 , 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 3.76% from a day low at $13.04 to a day high of $13.53. The price has risen in 7 of the last 10 days and is up by 5.54% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 7 485 more shares were traded than the day before. In total, 8 051 shares bought and sold for approximately $108 930.00.
- 30 day high of the AMRB stock price was $13.68 and low was $12.47.
- 90 day high was $13.68 and low was $12.04.
- 52 week high for American River Bankshares - $16.89 and low - $10.50.
American River Bankshares lies in the upper part of a weak rising 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 $13.68 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 6.37% during the next 3 months and, with 90% probability hold a price between $13.28 and $14.55 at the end of this period.
Only positive signals in the chart today. 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 $12.99 and $12.84. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday August 13, 2019, which indicates further gains until a new top pivot has been found. American River 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 30 - 75 ]
RSI14 is 50 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 $12.82 and $12.35.
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 River Bankshares finds support just below today's level at $12.82. If this is broken, then the next support from accumulated volume will be at $12.35 and $12.30.
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 $0.49 (3.76%) between high and low. For the last week, the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: $12.95 (-4.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
2.00 %Average volatility
Very Low Low Medium High Very High
American River Bankshares holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
|AMRB $13.53 ($0.37 2.81%)|
AMRB is up $0.37 today, but where's it headed in 2019?
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