AmeriServ Financial Inc. Forecast and Stock Analysis
Technical ASRV stock analysis for February 15, 2019.
AmeriServ Financial Inc. fell by -0.72% in the last day from $4.18 to $4.15 The price has risen in 6 of the last 10 days and is up by 1.22% 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 -6 969 shares and in total 22 040 shares bought and sold for approximately $91 466.00.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the ASRV stock was $4.15. This is 0.72% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.20% from a day low at $4.15 to a day high of $4.20.
30 day high of the ASRV stock price was $4.20 and low was $4.08.
90 day high was $4.35 and low was $3.93.
52 week high for the AmeriServ Financial Inc. - $4.55 and low - $3.93.
Given the current horizontal trend you can expect AmeriServ Financial Inc. with 90% probability to be traded between $3.87 and $4.15 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.
AmeriServ Financial Inc. 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 $4.15 and $4.11. 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 Thursday February 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
AmeriServ Financial Inc. finds support from accumulated volume at $4.11.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
AmeriServ Financial Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.