Today ATLO ranks # as BUY CANDIDATE.
Today ATLO ranks # as BUY CANDIDATE.

ATLO stock Ames National Corporation

ATLO stock
Ames National Corporation

April 23, 2019
Change 2.91%
Chart period: 2019-01-24 - 2019-04-23
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will ATLO stock price go up or down on Thu, 25 Apr 2019?

Ames National Corporation Forecast and Stock Analysis

Technical ATLO stock analysis for April 23, 2019.

Buy candidate since 2019-04-23
Shorts n/a
Cash n/a
Loans n/a
Beta 0.56
ROA 1.20

Ames National Corporation gained 2.91% in the last trading day, rising from $26.80 to $27.58 The price has risen in 6 of the last 10 days and is up by 3.37% 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, 2 443 more shares were traded than the day before. In total, 4 022 shares bought and sold for approximately $110 927.00.

Close price at the end of the last trading day (Tuesday, 23rd Apr 2019) of the ATLO stock was $27.58. This is 2.91% more than the trading day before Monday, 22nd Apr 2019.

During day the stock fluctuated 3.40% from a day low at $27.03 to a day high of $27.95.

30 day high of the ATLO stock price was $27.98 and low was $25.82.
90 day high was $29.46 and low was $24.47.
52 week high for the Ames National Corporation - $32.15 and low - $24.47.

Trend

Ames National Corporation lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.3% during the next 3 months and, with 90% probability hold a price between $27.96 and $32.06 at the end of this period.

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Signals

Only positive signals in the chart today. 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 $27.09 and $27.18. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday April 22, 2019, which indicates further gains until a new top pivot has been found. 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.

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Relative Strength Index (RSI)

RSI14 is 57 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 $27.41.

Support: $27.41 Price: $27.58 Resistance: $27.63

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 $0.92 (3.40%) between high and low. For the last week, the stock has had a daily average volatility of 2.65%.

Our recommended stoploss: $26.21 (-4.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals, along with a general good trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Today ATLO ranks # as BUY CANDIDATE.
Today ATLO ranks # as BUY CANDIDATE.