AmeriServ Financial Inc. Stock Forecast
AmeriServ Financial Inc. stock price fell more than -5.47% Monday closing at $2.59
(Updated on Apr 22, 2024)
The AmeriServ Financial Inc. stock price fell by -5.47% on the last day (Monday, 22nd Apr 2024) from $2.74 to $2.59. During the last trading day the stock fluctuated 6.18% from a day low at $2.59 to a day high of $2.75. The price has risen in 7 of the last 10 days and is up by 12.12% over the past 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately $18.77 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.47% during the next 3 months and, with a 90% probability hold a price between $1.78 and $2.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ASRV Signals & Forecast
The AmeriServ Financial Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.53 and $2.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 12.61%. 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. AmeriServ Financial Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for AmeriServ Financial Inc. stock
AmeriServ Financial Inc. finds support from accumulated volume at $2.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.160 between high and low, or 6.18%. For the last week, the stock has had daily average volatility of 5.48%.
Our recommended stop-loss: $2.52 (-2.82%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (ASRV) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect AmeriServ Financial Inc. to open at $2.64, and during the day (based on 14 day Average True Range), to move between $2.45 and $2.73, which gives a possible trading interval of +/-$0.138 (+/-5.33%) up or down from last closing price. If AmeriServ Financial Inc. takes out the full calculated possible swing range there will be an estimated 10.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.57 (0.77%) than the resistance at $2.91 (12.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AmeriServ Financial Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.247 Buy Candidate Unchanged
Predicted Opening Price for AmeriServ Financial Inc. of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$2.64 ( 2.06%) | $2.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASRV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.80 | 8.24 % | |
R2 | 2.74 | 5.88 % | ||
R1 | 2.70 | 4.42 % | ||
Current price: | 2.59 | |||
Support | S1 | 2.58 | -0.301 % | |
S2 | 2.54 | -1.76 % | ||
S3 | 2.48 | -4.12 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.10 | 19.69 % | |
R2 | 3.01 | 16.22 % | ||
R1 | 2.91 | 12.36 % | ||
Current price | 2.59 | |||
Support | S1 | 2.57 | -0.772% | |
S2 | 2.39 | -7.72% | ||
S3 | 2.34 | -9.65% |
ASRV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 18, 2024 | Feb 02, 2024 | Feb 20, 2024 | $0.0300 | 1.03% |
2 | Oct 20, 2023 | Nov 03, 2023 | Nov 20, 2023 | $0.0300 | 1.08% |
3 | Jul 20, 2023 | Aug 04, 2023 | Aug 21, 2023 | $0.0300 | 0.96% |
4 | Apr 20, 2023 | May 05, 2023 | Aug 21, 2023 | $0.0300 | 0.96% |
5 | Jan 19, 2023 | Feb 03, 2023 | Feb 21, 2023 | $0.0300 | 0.756% |
FAQ
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