ATLO Forecast and Technical Stock Analysis
Hold candidate since 2019-12-09 PDF
No changes to the price of Ames National Corporation in the last trading day ( Monday, 9th Dec 2019 ). During the day the stock fluctuated 1.27% from a day low at $27.74 to a day high of $28.09. The price has risen in 5 of the last 10 days , but is still down by -0.04% for this period.
- 30 day high of the ATLO stock price was $28.69 and low was $26.97.
- 90 day high was $29.30 and low was $26.81.
- 52 week high for Ames National Corporation - $29.46 and low - $24.47.
Ames National Corporation is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ames National Corporation with a 90% probability to be traded between $26.41 and $28.13 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.
Ames National Corporation holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $27.76. On a fall, the stock will find some support from the long-term average at approximately $27.74. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday December 05, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 44 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
Ames National Corporation finds support from accumulated volume at $27.64.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: $26.06 (-6.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
1.39 %Average volatility
Very Low Low Medium High Very High
Ames National Corporation 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.
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!