AMSF Forecast and Technical Stock Analysis
Buy candidate since 2019-07-22 Gain 6.35%
AMERISAFE gained 0.68% in the last trading day ( Monday, 19th Aug 2019 ), rising from $68.83 to $69.30 , and has now gained 4 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 day the stock fluctuated 1.81% from a day low at $68.73 to a day high of $69.97. The price has risen in 8 of the last 10 days and is up by 7.81% over the past 2 weeks. Volume fell in the last day by -35 042 shares and in total, 60 815 shares bought and sold for approximately $4.21 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.
- 30 day high of the AMSF stock price was $69.97 and low was $63.08.
- 90 day high was $69.97 and low was $58.70.
- 52 week high for AMERISAFE - $69.97 and low - $50.45.
AMERISAFE has broken the strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $69.22, a level that may pose a second chance to hit a runner. According to fan-theory $72.97 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
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 $67.36 and $65.41. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday August 05, 2019, 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 it may be an early warning. The stock should be watched closely.
* 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 71 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 $66.39.
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 $1.25 (1.81%) between high and low. For the last week, the stock has had daily average volatility of 1.84%.
Our recommended stop-loss: $66.73 (-3.71%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 10 days ago.)
1.84 %Average volatility
Very Low Low Medium High Very High
AMERISAFE 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.
|AMSF $69.30 ($0.47 0.68%)|
AMSF is up $0.47 today, but where's it headed in 2019?
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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!