American River Bankshares Forecast and Stock Analysis
Technical AMRB stock analysis for April 25, 2019.
American River Bankshares gained 1.65% in the last trading day, rising from $12.70 to $12.91 The price has been going up and down for this period, and there has been a 2.3% gain for the last 2 weeks. Volume fell in the last day by -4 162 shares, and in total, 878 shares bought and sold for approximately $11 335.00. 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.
Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the AMRB stock was $12.91. This is 1.65% more than the trading day before Wednesday, 24th Apr 2019.
During day the stock fluctuated 1.80% from a day low at $12.76 to a day high of $12.99.
30 day high of the AMRB stock price was $13.50 and low was $11.66.
90 day high was $15.00 and low was $11.66.
52 week high for the American River Bankshares - $17.50 and low - $10.50.
American River 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 -9.51% during the next 3 months and, with 90% probability hold a price between $10.44 and $12.33 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday April 24, 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. American River Bankshares holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $12.94 and $13.03. A break-up above any of these levels will issue buy signals. 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 not be. 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 $12.80.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $12.26 (-5.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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American River Bankshares holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Hold/Accumulate.
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|AMRB $12.91 ($0.21 1.65%)|
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