Previous Hold Today ATLO ranks #2933 as HOLD CANDIDATE. Next Hold
Today ATLO ranks #2933 as HOLD CANDIDATE.

ATLO stock Ames National Corporation

ATLO stock
Ames National Corporation

February 15, 2019
Change 0.63%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will ATLO stock price go up or down on Tue, 19 Feb 2019?

Ames National Corporation Forecast and Stock Analysis

Technical ATLO stock analysis for February 15, 2019.

Hold candidate since 2019-02-15
Shorts n/a
Cash n/a
Loans n/a
Beta 0.54
ROA 1.20

Ames National Corporation gained 0.63% in the last trading day, rising from $25.44 to $25.60 , 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. The price has risen in 7 of the last 10 days and is up by 1.19% 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, 6 918 more shares were traded than the day before. In total, 18 146 shares bought and sold for approximately $464 538.00.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the ATLO stock was $25.60. This is 0.63% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 1.57% from a day low at $25.44 to a day high of $25.84.

30 day high of the ATLO stock price was $25.84 and low was $24.47.
90 day high was $28.37 and low was $24.47.
52 week high for the Ames National Corporation - $32.15 and low - $24.47.

Trend

Ames National Corporation lies the upper part of a wide and falling 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 $25.75 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.57% during the next 3 months and, with 90% probability hold a price between $21.04 and $23.28 at the end of this period.

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Signals

Ames National Corporation 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 $25.38 and $25.48. A break down below any of these levels will issue sell signals. Ames National Corporation 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. 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 Tuesday February 12, 2019, which indicates further falls until a new bottom pivot has been found.

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Relative Strength Index (RSI)

RSI14 is 64 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Ames National Corporation finds support from accumulated volume at $25.42.

Support: $25.42 Price: $25.60 Resistance: $25.66

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 $0.40 (1.57%) between high and low. For the last week, the stock has had a daily average volatility of 1.40%.

Our recommended stoploss: $24.62 (-3.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Ames National Corporation holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Previous Hold Today ATLO ranks #2933 as HOLD CANDIDATE. Next Hold
Today ATLO ranks #2933 as HOLD CANDIDATE.