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Sell Candidate
Buy Score Rank #2393 out of #5176
Fri 18'th Aug 2017

PERIOD COVERED
2017-05-19 - 2017-08-18
CHANGE
0.09%
PRICE
$55.45
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

BOLLINGER
Sell
Request Prediction
0.00%

AMERISAFE Stock Analysis

Technical stock analysis for Fri 18'th Aug 2017

Sell candidate since 2017-08-15 Loss -2.29%

AMERISAFE gained 0.09% in the last trading day, rising from $55.40 to $55.45 The price has been going up and down for this period, and there has been a -3.82% loss for the last 2 weeks. Volume fell in the last day by -3 976 shares, and in total, 48 508 shares bought and sold for approximately $2.69 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.

Trend

AMERISAFE has broken the wide and weak 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 $55.48. A reaction back to this level may hold a second chance to get out before further falls.

Signals

A buy signal was issued from a pivot bottom point on Thursday August 17, 2017, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. AMERISAFE holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $56.43 and $56.70. A break-up above any of these levels will issue buy signals.

A buy signal from a double bottom formation was found on Friday August 11, 2017 and based on theory for this formation the price should go up by 0.40% to $57.20 within 6 trading days since signal was issued (Monday August 21, 2017).

Relative Strength Index (RSI)

RSI14 is 34 and the stock is currently not being overbought or oversold

Support & Resistance

AMERISAFE finds support from accumulated volume at $55.05. On the upside the stock meets some resistance just above today's level from accumulated volume at $55.80, $55.90 and $57.75.

The stock is about to test the resistance from accumulated volume at $55.80 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $55.05 Price: $55.45 Resistance: $55.80
S: $55.05 Price: $55.45 R: $55.80

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 $0.37 (0.67%) between high and low. For the last week, the stock has had a daily average volatility of 1.11%.

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

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

The stock 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.

Sell Candidate

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