Wednesday December 11, 2019 Change 0.15% Price $4.17
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VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

ASRV Forecast and Technical Stock Analysis


Hold candidate since 2019-12-11 PDF

AmeriServ Financial Inc. gained 0.15% in the last trading day ( Wednesday, 11th Dec 2019 ), rising from $4.16 to $4.17 , 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 0.48% from a day low at $4.16 to a day high of $4.18. The price has risen in 5 of the last 10 days and is up by 0.24% over the past 2 weeks. Volume fell in the last day by -739 shares and in total, 5 729 shares bought and sold for approximately $23 889.90. 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.

Quick summary:

  • 30 day high of the ASRV stock price was $4.22 and low was $4.11.
  • 90 day high was $4.22 and low was $4.11.
  • 52 week high for AmeriServ Financial Inc. - $4.30 and low - $3.92.
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Trend

AmeriServ Financial Inc. is moving within a narrow and 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 $4.14 and $4.25 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

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Monday December 02, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. AmeriServ Financial Inc. 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 $4.16 and $4.16. A break down below any of these levels will issue sell signals.

The stock had a Golden Star Signal* on Friday November 22, 2019 for the short-term and also have Golden Star Signal for the medium-term dated Monday October 28, 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.
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A sell signal from a double top formation was found on Monday December 02, 2019 and based on theory for this formation the price should fall by -0.12% to $4.08 within 18 trading days since signal was issued (Friday December 27, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 63 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 $4.16.

Support: $4.16 Price: $4.17 Resistance: $4.18

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stop-loss: $4.03 (-3.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 7 day(s) ago.)

0.72 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Downgraded

Evaluation

AmeriServ Financial Inc. 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.

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