AMRB Forecast and Technical Stock Analysis
Buy candidate since 2019-10-11 Loss -0.21% PDF
American River Bankshares fell by -0.21% in the last day ( Monday, 14th Oct 2019 ) from $14.23 to $14.20 During the day the stock fluctuated 2.71% from a day low at $14.00 to a day high of $14.38. The price has fallen in 5 of the last 10 days , but is still up by 2.9% 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 -1 728 shares and in total 4 603 shares bought and sold for approximately $65 362.60.
- 30 day high of the AMRB stock price was $14.38 and low was $13.05.
- 90 day high was $14.38 and low was $12.36.
- 52 week high for American River Bankshares - $15.65 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 $14.25 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 6.76% during the next 3 months and, with 90% probability hold a price between $14.09 and $15.21 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 $13.56. 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 Friday October 11, 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)
RSImin/max Values: [ 30 - 75 ]
RSI14 is 59 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 $13.40 and $13.36.
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 $13.40. If this is broken, then the next support from accumulated volume will be at $13.36 and $12.82.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: $13.61 (-4.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 day(s) ago.)
2.66 %Average volatility
Very Low Low Medium High Very High
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 recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.
|AMRB $14.20 ($-0.03 -0.21%)|
AMRB is down $0.03 today, but where's it headed in 2019?
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