American River Bankshares ($AMRB) - Overbought - views

American River Bankshares has hit a technical signal on 3 different technical indicators. AMRB is in the Finance sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $6.95 on Feb 17.

There are currently 4 analysts covering the company. Of these analysts, 1 have a buy recommendation. The current consensus estimate for quarterly earnings among the 4 analysts covering the stock is $0.06 per share. Last quarter the company earned $0.04 per share. The consensus estimate for this years earnings is $0.20 per share as compared to the next years' expectation, of $0.31 per share. The consensus estimate for next years earnings is $0.31 per share, which represents forecast growth of 55.0%.

Over the last 52 weeks, the stock has been trading between $4.50 and $7.03. More recently in the last 4 weeks, the stock has been trading between $4.53 and $7.03. Yesterday the stock traded between $6.34 and $7.03. The stock currently has a PE ratio of 30.0.

American River Bankshares is trading 16.7% from its 20-day simple moving average (SMA) of $5.95 and 34.0% from its 50-day SMA and 26.98% from its 200-day SMA. Average daily volume over the last 30 days has been 6,487 shares.

At yesterdays close: the RSI was at 81.4, the CCI was at 160.7 and the Fast Stochastic was at 94.4. AMRB closed yesterday at $6.95, on volume of 16,800 shares as compared to an average volume of 6,487 over the last 4 weeks.

American River Bankshares operates as the holding company for American River Bank that provides commercial banking services to small to mid-sized businesses in California. It accepts checking and savings deposits, as well as offers money market deposit accounts and certificates of deposit. The company also offers secured and unsecured commercial, secured real estate, and other installment and term loans. In addition, it offers other customary banking services. Further, the company conducts lease financing for various types of business equipment ranging from computer software to heavy earth-moving equipment. It operates five full service offices in Sacramento and Placer Counties, including the main office in Sacramento, as well as branch offices in Sacramento, Fair Oaks, and Roseville; two full service offices in Sonoma County in Healdsburg and Santa Rosa under the North Coast Bank name; and three full service banking offices in Amador County in Jackson, Pioneer, and Ione operating as Bank of Amador, a division of American River Bank. The company was founded in 1983 and is headquartered in Rancho Cordova, California.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.