Wed 13'th Dec 2017

PERIOD 2017-09-14 - 2017-12-13
CHANGE -7.70%
PRICE $61.70
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

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AMERISAFE Stock Analysis

Technical stock analysis for Wed 13'th Dec 2017

Shorts 10.53% ( 2017-11-15 )
Cash n/a
Loans n/a
Beta 0.88
ROA 3.97
Sell candidate since 2017-12-12 Loss -7.70%

AMERISAFE fell by -7.70% in the last day from $66.85 to $61.70 The price has fallen in 5 of the last 10 days and is down by -7.91% for this period. 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 -167 418 shares and in total 140 602 shares bought and sold for approximately $8.68 million.

Access today's Top 5 Strong Sell Candidates

Trend

AMERISAFE has broken the strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $65.58. A reaction back to this level may hold a second chance to get out before further falls.

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Signals

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 $65.76 and $65.04. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday December 12, 2017, 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.

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A sell signal from a double bottom formation was found on Tuesday December 12, 2017 with a target of $66.58. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSI14 is 36 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

AMERISAFE finds support from accumulated volume at $59.80. On the upside the stock meets some resistance from accumulated volume at $65.95, $66.30 and $66.85.

Support: $59.80 Price: $61.70 Resistance: $65.95

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 $1.98 (3.23%) between high and low. For the last week, the stock has had a daily average volatility of 2.26%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

The AMERISAFE stock holds several negative signals and despite the positive trend we believe AMERISAFE will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Strong Sell Candidate.

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