Previous Hold Today AMSF ranks #2870 as HOLD CANDIDATE #2870 Next Hold

AMSF stock forecast AMERISAFE

AMSF stock forecast

Monday December 09, 2019 Change -0.03% Price $67.28
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

AMSF Forecast and Technical Stock Analysis


Hold candidate since 2019-12-09 PDF

AMERISAFE fell by -0.03% in the last day ( Monday, 9th Dec 2019 ) from $67.30 to $67.28 During the day the stock fluctuated 1.32% from a day low at $66.55 to a day high of $67.43. The price has risen in 6 of the last 10 days and is up by 2.37% over the past 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 -30 791 shares and in total 62 849 shares bought and sold for approximately $4.23 million.

Quick summary:

  • 30 day high of the AMSF stock price was $71.07 and low was $65.12.
  • 90 day high was $71.99 and low was $62.35.
  • 52 week high for AMERISAFE - $71.99 and low - $50.45.
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Trend

AMERISAFE is moving within a wide and 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 $63.64 and $72.43 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.

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Signals

AMERISAFE holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $66.38 and $66.58. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday December 06, 2019, 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.

The stock had a Golden Star Signal* on Wednesday May 01, 2019 in the medium-term chart.

* 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.
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A sell signal from a double top formation was found on Friday December 06, 2019 and based on theory for this formation the price should fall by -1.93% to $65.67 within 5 trading days since signal was issued (Friday December 13, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 59 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 $67.10.

Support: $67.10 Price: $67.28 Resistance: $68.77

Risk

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 $0.88 (1.32%) between high and low. For the last week, the stock has had daily average volatility of 1.75%.

Our recommended stop-loss: $64.53 (-4.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 day(s) ago.)

1.75 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Downgraded

Evaluation

AMERISAFE holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Previous Hold Today AMSF ranks #2870 as HOLD CANDIDATE #2870 Next Hold
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