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AMSF - AMERISAFE

Industry: Property & Casualty Insurance Sector: Financial Exchange: NASDAQ

Fri 20'th Apr 2018

PERIOD 2018-01-22 - 2018-04-20
CHANGE 0.18%
PRICE $55.70
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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AMERISAFE Stock Analysis

Technical stock analysis for Fri 20'th Apr 2018

Hold candidate since 2018-04-20

AMERISAFE gained 0.18% in the last trading day, rising from $55.60 to $55.70 The price has risen in 6 of the last 10 days and is up by 5.59% over the past 2 weeks. Volume fell in the last day by -5 959 shares, and in total, 42 018 shares bought and sold for approximately $2.34 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Shorts 9.23% ( 2018-03-29 )
Cash n/a
Loans n/a
Beta 0.85
ROA 2.84

Trend

AMERISAFE has broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $54.27, a level that may pose a second chance to hit a runner. According to fan-theory $58.27 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

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 $55.23 and $55.04. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday April 09, 2018, 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.

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Relative Strength Index (RSI)

RSI14 is 57 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 $55.65. On the upside the stock meets some resistance just above today's level from accumulated volume at $56.00, $56.35 and $57.75.

The stock is about to test the resistance from accumulated volume at $56.00 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $55.65 Price: $55.70 Resistance: $56.00

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 $0.50 (0.90%) between high and low. For the last week, the stock has had a daily average volatility of 1.51%.

Our recommended stoploss: $53.45 (-4.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 9 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

AMERISAFE 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

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