Ames National Corporation Forecast and Stock Analysis
Technical ATLO stock analysis for February 15, 2019.
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 64 and the stock is currently not being overbought or oversold
Support & Resistance
Ames National Corporation finds support from accumulated volume at $25.42.
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.)
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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.