Bullish vs. Bearish (1 opinions)
Social Sentiment 0.00
ASRV Forecast and Technical Stock Analysis
Buy candidate since 2019-08-19
AmeriServ Financial Inc. gained 1.08% in the last trading day ( Monday, 19th Aug 2019 ), rising from $4.16 to $4.20 , 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 the day the stock fluctuated 1.69% from a day low at $4.15 to a day high of $4.22. The price has risen in 5 of the last 10 days and is up by 2.44% 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, 65 885 more shares were traded than the day before. In total, 68 698 shares bought and sold for approximately $288 532.00.
- 30 day high of the ASRV stock price was $4.22 and low was $4.10.
- 90 day high was $4.30 and low was $4.06.
- 52 week high for AmeriServ Financial Inc. - $4.55 and low - $3.92.
AmeriServ Financial Inc. is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AmeriServ Financial Inc. with a 90% probability to be traded between $3.97 and $4.18 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.
Only positive signals in the chart today. 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 $4.12. 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 12, 2019, which indicates further gains until a new top pivot has been found. AmeriServ Financial Inc. has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
* 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 54 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
AmeriServ Financial Inc. finds support from accumulated volume at $4.15.
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 $0.07 (1.69%) between high and low. For the last week, the stock has had daily average volatility of 1.04%.
Our recommended stop-loss: $3.98 (-5.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)
1.04 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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!