AMSF Forecast and Technical Stock Analysis
Sell candidate since 2020-01-24 PDF
AMERISAFE fell by -1.42% in the last day ( Friday, 24th Jan 2020 ) from $67.13 to $66.18 and has now fallen 5 days in a row. During the day the stock fluctuated 2.87% from a day low at $65.43 to a day high of $67.31. The price has been going up and down for this period, and there has been a 1.99% gain for the last 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 -28 269 shares and in total 55 118 shares bought and sold for approximately $3.65 million.
- 30 day high of the AMSF stock price was $69.00 and low was $64.30.
- 90 day high was $71.99 and low was $62.44.
- 52 week high for AMERISAFE - $71.99 and low - $56.13.
AMERISAFE is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AMERISAFE with a 90% probability to be traded between $64.18 and $70.26 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.
There are few to none technical positive signals at the moment. AMERISAFE holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $67.45 and $66.40. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday January 17, 2020, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 49 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
AMERISAFE finds support from accumulated volume at $65.67.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.88 (2.87%) between high and low. For the last week, the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.77 %Average volatility
Very Low Low Medium High Very High
AMERISAFE holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Buy Candidate to a Sell Candidate candidate.
|AMSF $66.18 ($-0.95 -1.42%)|
AMSF is down $0.95 today, but where's it headed in 2020?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
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