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AMSF - AMERISAFE Tue 21'st Feb 2017

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Strong Buy Candidate

Score: 6.53

#167 of 5164
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 90.91%
Risk: Low
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Stock analysis for Tue 21'st Feb 2017 (Updated daily)

Buy candidate since 2017-02-09

Gain 2.43%

AMERISAFE Stock Analysis


AMERISAFE gained 0.08% in the last trading day, rising from USD 65.25 to USD 65.30. The price has risen in 5 of the last 10 days days and is up by 1.79% over the past 2 weeks. Volume fell in the last day by -653 shares and ,in total, 61 146 shares bought and sold for approximately USD 3.99 million. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Given the current horizontal trend you can expect AMERISAFE with 90% probability to be traded between USD 62.13 and USD 67.27 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals

Only positive signals in the chart today. AMERISAFE 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 USD 64.96 and USD 63.96. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday February 08, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

Relative Strength Index (RSI)

RSI14 is 68 and the stock is currently not being overbought or oversold

Support & Resistance

AMERISAFE finds support from accumulated volume at USD 64.55, USD 64.50, and USD 61.15. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 65.40, USD 65.50 and USD 66.20.

The stock is about to test the resistance from accumulated volume at USD 65.40 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Risk

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 USD 0.60 (0.93%) between high and low. For the last week, the stock has had a daily average volatility of 1.55%.

Our recommended stoploss: USD 62.06 (-4.96%) ( criteria: risk and position in trend)

Evaluation

AMERISAFE holds several positive signals and is considered to be a good choice at current levels. We expect the stock to perform very well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Strong Buy Candidate


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