ATLO Forecast and Technical Stock Analysis
Sell candidate since 2019-08-19
Ames National Corporation fell by -0.53% in the last day ( Monday, 19th Aug 2019 ) from $26.56 to $26.42 During the day the stock fluctuated 0.76% from a day low at $26.32 to a day high of $26.52. The price has risen in 6 of the last 10 days and is up by 0.92% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -4 390 shares and in total 3 166 shares bought and sold for approximately $83 645.70.
- 30 day high of the ATLO stock price was $27.90 and low was $25.80.
- 90 day high was $27.90 and low was $25.40.
- 52 week high for Ames National Corporation - $31.30 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 $25.80 and $28.01 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.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Ames National Corporation holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $26.87. On a fall, the stock will find some support from the short-term average at $26.32. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Friday August 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 35 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 $25.79.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.63 %Average volatility
Very Low Low Medium High Very High
Ames National Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell 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!