Ames National Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Ames National Corporation stock upgraded to Strong Buy Candidate.
(Updated on May 08, 2024)
The Ames National Corporation stock price gained 1.77% on the last trading day (Wednesday, 8th May 2024), rising from $20.33 to $20.69. During the last trading day the stock fluctuated 3.72% from a day low at $20.00 to a day high of $20.75. The price has risen in 6 of the last 10 days and is up by 7.04% over the past 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 12 thousand shares were bought and sold for approximately $244.68 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock 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 7.49% during the next 3 months and, with a 90% probability hold a price between $20.81 and $23.40 at the end of this 3-month period.
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ATLO Signals & Forecast
The Ames National Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $20.06 and $19.70. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.12%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Ames National Corporation stock
Ames National Corporation finds support from accumulated volume at $20.59 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 $0.745 between high and low, or 3.72%. For the last week the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: $19.81 (-4.25%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (ATLO) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Ames National Corporation to open at $20.48, and during the day (based on 14 day Average True Range), to move between $20.16 and $21.22, which gives a possible trading interval of +/-$0.530 (+/-2.56%) up or down from last closing price. If Ames National Corporation takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.59 (0.48%) than the resistance at $20.83 (0.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Ames National Corporation will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for Ames National Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.28% in the first trading day after earnings release.
Is Ames National Corporation stock A Buy?
Ames National Corporation holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.182 Strong Buy Candidate Upgraded
Predicted Opening Price for Ames National Corporation of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $20.48 ( 1.02%) | $20.69 |
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 | 21.22 | 2.58 % | |
| R2 | 20.94 | 1.20 % | ||
| R1 | 20.76 | 0.352 % | ||
| Current price: | 20.69 | |||
| Support | S1 | 20.19 | -2.40 % | |
| S2 | 20.02 | -3.25 % | ||
| S3 | 19.73 | -4.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 20.90 | 1.01 % | ||
| R1 | 20.83 | 0.677 % | ||
| Current price | 20.69 | |||
| Support | S1 | 20.59 | -0.483% | |
| S2 | 18.68 | -9.71% | ||
| S3 | 18.13 | -12.37% |
ATLO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Apr 30, 2024 | May 15, 2024 | $0.270 | 1.31% |
| 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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