Ameresco Inc Forecast and Stock Analysis
Technical AMRC stock analysis for March 22, 2019.
|Shorts||3.64% ( 2019-02-28 )|
Ameresco Inc fell by -2.28% in the last day from $17.10 to $16.71 and has now fallen 5 days in a row. The price has been going up and down for this period, and there has been a 2.96% gain for the last 2 weeks. Volume has increased in the last day by 27 129 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 149 773 shares bought and sold for approximately $2.50 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the AMRC stock was $16.71. This is 2.28% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 3.63% from a day low at $16.52 to a day high of $17.12.
30 day high of the AMRC stock price was $18.05 and low was $15.23.
90 day high was $18.05 and low was $13.30.
52 week high for the Ameresco Inc - $18.05 and low - $11.00.
Ameresco Inc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $16.39 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 21.34% during the next 3 months and, with 90% probability hold a price between $19.89 and $22.64 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Monday March 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Ameresco Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $17.02. On a fall, the stock will find some support from the long-term average at approximately $16.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
Ameresco Inc finds support from accumulated volume at $16.23.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.60 (3.63%) between high and low. For the last week, the stock has had a daily average volatility of 2.65%.
Our recommended stoploss: $15.94 (-4.60%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 4 days ago.)
Very Low Low Medium High Very High
Ameresco Inc 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.