Ames National Corporation Forecast and Stock Analysis
Technical ATLO stock analysis for Friday June 14, 2019.
Ames National Corporation gained 0.23% in the last trading day ( Friday, 14th Jun 2019 ), rising from $26.30 to $26.36 During day the stock fluctuated 2.44% from a day low at $26.13 to a day high of $26.77. The price has risen in 6 of the last 10 days and is up by 0.23% 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, 2 600 more shares were traded than the day before. In total, 6 490 shares bought and sold for approximately $171 076.00.
- 30 day high of the ATLO stock price was $28.81 and low was $25.40.
- 90 day high was $28.86 and low was $25.40.
- 52 week high for the Ames National Corporation - $32.15 and low - $24.47.
Given the current horizontal trend you can expect Ames National Corporation with 90% probability to be traded between $24.85 and $27.93 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 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. Ames National Corporation holds a buysignal 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 $27.15. On a fall, the stock will find some support from the short-term average at $26.07. 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 Wednesday June 12, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
Ames National Corporation finds support from accumulated volume at $25.79.
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 $0.64 (2.44%) between high and low. For the last week, the stock has had a daily average volatility of 2.29%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
2.29 %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.
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