Ames National Corporation Stock Forecast
Red day on Thursday for Ames National Corporation
(Updated on Apr 25, 2024)
The Ames National Corporation stock price fell by -0.0517% on the last day (Thursday, 25th Apr 2024) from $19.33 to $19.32. During the last trading day the stock fluctuated 3.51% from a day low at $19.15 to a day high of $19.82. The price has been going up and down for this period, and there has been a -0.62% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 thousand shares and in total, 6 thousand shares were bought and sold for approximately $117.68 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ames National Corporation stock with a 90% probability to be traded between $18.02 and $21.12 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ATLO Signals & Forecast
There are mixed signals in the stock today. The Ames National Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $19.59. On a fall, the stock will find some support from the short-term average at $19.24. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -7.56%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Ames National Corporation stock
Ames National Corporation finds support from accumulated volume at $18.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.672 between high and low, or 3.51%. For the last week the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATLO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Ames National Corporation to open at $19.43, and during the day (based on 14 day Average True Range), to move between $18.81 and $19.83, which gives a possible trading interval of +/-$0.515 (+/-2.66%) up or down from last closing price. If Ames National Corporation takes out the full calculated possible swing range there will be an estimated 5.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.68 (3.31%) than the resistance at $20.03 (3.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ames National Corporation stock A Buy?
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.
Current score: -2.322 Sell Candidate Unchanged
Predicted Opening Price for Ames National Corporation of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$19.43 ( 0.573%) | $19.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATLO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.10 | 4.05 % | |
R2 | 19.85 | 2.72 % | ||
R1 | 19.69 | 1.90 % | ||
Current price: | 19.32 | |||
Support | S1 | 19.17 | -0.756 % | |
S2 | 19.02 | -1.58 % | ||
S3 | 18.76 | -2.91 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.24 | 15.11 % | |
R2 | 20.59 | 6.57 % | ||
R1 | 20.03 | 3.67 % | ||
Current price | 19.32 | |||
Support | S1 | 18.68 | -3.31% | |
S2 | 18.44 | -4.55% | ||
S3 | 18.13 | -6.16% |
ATLO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 14, 2024 | Apr 30, 2024 | May 15, 2024 | $0.270 | 1.38% |
2 | Nov 08, 2023 | Jan 31, 2024 | Feb 15, 2024 | $0.270 | 1.45% |
3 | Aug 09, 2023 | Oct 31, 2023 | Nov 15, 2023 | $0.270 | 1.41% |
4 | May 10, 2023 | Jul 31, 2023 | Aug 15, 2023 | $0.270 | 1.44% |
5 | Feb 08, 2023 | Apr 28, 2023 | May 15, 2023 | $0.270 | 1.51% |
FAQ
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