VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will AMSF stock price go up or down on Mon, 17 Jun 2019?

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AMERISAFE Forecast and Stock Analysis

Technical AMSF stock analysis for Friday June 14, 2019.

Buy candidate since 2019-06-12 Gain 2.03%


AMERISAFE gained 0.89% in the last trading day ( Friday, 14th Jun 2019 ), rising from $60.80 to $61.34 , and has now gained 3 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 day the stock fluctuated 3.05% from a day low at $60.90 to a day high of $62.76. The price has risen in 7 of the last 10 days and is up by 2.97% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 7 445 more shares were traded than the day before. In total, 47 224 shares bought and sold for approximately $2.90 million.

Quick summary:

  • 30 day high of the AMSF stock price was $62.76 and low was $58.70.
  • 90 day high was $62.76 and low was $56.65.
  • 52 week high for the AMERISAFE - $67.96 and low - $50.45.

Trend

AMERISAFE lies in the upper part of a weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $61.68 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 3.17% during the next 3 months and, with 90% probability hold a price between $60.19 and $63.64 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

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 $60.70 and $59.95. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday May 31, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

The stock had a Golden Star Signal* on Wednesday May 01, 2019 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday May 01, 2019.

* 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 56 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 $59.22.

Support: $59.22 Price: $61.34

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 $1.86 (3.05%) between high and low. For the last week, the stock has had a daily average volatility of 2.05%.

Our recommended stoploss: $58.04 (-5.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 10 days ago.)

2.05 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

AMERISAFE holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Strong Buy Candidate Upgraded
Weaker Buy Today AMSF ranks #117 as BUY CANDIDATE #117 Stronger Buy

Will AMSF stock price go up or down on Mon, 17 Jun 2019?

Predict

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