American Shared Hospital Services Stock Forecast
American Shared Hospital Services stock price ended at $3.17 on Friday, after gaining 1.60%.
(Updated on Apr 26, 2024)
The American Shared Hospital Services stock price gained 1.60% on the last trading day (Friday, 26th Apr 2024), rising from $3.12 to $3.17. It has now gained 3 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 last trading day the stock fluctuated 3.19% from a day low at $3.13 to a day high of $3.23. The price has risen in 7 of the last 10 days and is up by 8.19% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 11 thousand shares were bought and sold for approximately $35.48 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $3.09, a level that may pose a second chance to hit a runner. According to fan-theory $3.46 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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AMS Signals & Forecast
The American Shared Hospital Services stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $3.03 and $2.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 10.45%. Further rise is indicated 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for American Shared Hospital Services stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.95 and $2.65. There is a 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 Shared Hospital Services finds support just below today's level at $2.95. If this is broken, then the next support from accumulated volume will be at $2.65 and $2.59.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0999 between high and low, or 3.19%. For the last week the stock has had daily average volatility of 5.14%
Our recommended stop-loss: $3.07 (-3.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (AMS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect American Shared Hospital Services to open at $3.18, and during the day (based on 14 day Average True Range), to move between $3.05 and $3.29, which gives a possible trading interval of +/-$0.117 (+/-3.68%) up or down from last closing price. If American Shared Hospital Services takes out the full calculated possible swing range there will be an estimated 7.37% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $2.95, some $0.220 (6.94%) from the current price of $3.17, our system finds the risk reward attractive.
Is American Shared Hospital Services stock A Buy?
American Shared Hospital Services holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.625 Strong Buy Candidate Unchanged
Predicted Opening Price for American Shared Hospital Services of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $3.18 ( 0.211%) | $3.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.28 | 3.36 % | |
| R2 | 3.24 | 2.16 % | ||
| R1 | 3.21 | 1.42 % | ||
| Current price: | 3.17 | |||
| Support | S1 | 3.14 | -0.99 % | |
| S2 | 3.11 | -1.74 % | ||
| S3 | 3.08 | -2.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3.17 | |||
| Support | S1 | 2.95 | -6.94% | |
| S2 | 2.65 | -16.40% | ||
| S3 | 2.59 | -18.29% |
AMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 15, 2007 | Jun 28, 2007 | Jul 16, 2007 | $0.0480 | 0.82% |
| 2 | Mar 14, 2007 | Mar 29, 2007 | Apr 16, 2007 | $0.0480 | 0.83% |
| 3 | Dec 14, 2006 | Dec 28, 2006 | Jan 15, 2007 | $0.0480 | 0.750% |
| 4 | Sep 21, 2006 | Sep 28, 2006 | Oct 16, 2006 | $0.0480 | 0.767% |
| 5 | Jun 19, 2006 | Jun 29, 2006 | Jul 14, 2006 | $0.0480 | 0.81% |
FAQ
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