ATLANTIC AMERICAN CORP (AAME) Technical Analysis
NASDAQ:AAME • US0482091008
Current stock price
2.53 USD
-0.08 (-3.07%)
At close:
2.53 USD
0 (0%)
After Hours:
AAME Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to AAME. Although AAME is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month AAME has a been trading in the 2.49 - 2.96 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Warning: AAME has an average volume of 12134 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the yearly performance of all stocks, we notice that AAME is one of the better performing stocks in the market, outperforming 89% of all stocks.
- AAME is part of the Insurance industry. There are 148 other stocks in this industry. AAME outperforms 97% of them.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- AAME is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AAME is lagging the market slightly.
AAME Weekly and Daily overview Charts
AAME Setup Rating and Analysis
Although the technical rating is only medium, AAME does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
AAME Support and Resistance Analysis
2.23
3.17
When analyzing the support we can see 3 important areas.
- Support @2.38 from a trend line in the daily time frame.
- A support zone ranging from 2.30 to 2.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.25 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- Resistance @2.56 from a trend line in the daily time frame.
- A resistance zone ranging from 2.67 to 2.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.78 to 2.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.99 to 3.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.14 from a horizontal line in the daily time frame.
AAME Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for AAME is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AAME is neutral. |
| ChartMill Relative Strength | 89.04 | POSITIVE | AAME has a high relative strength, it outperformed 89.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AAME is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AAME is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AAME is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.57 | NEUTRAL | The RSI value for AAME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AAME has a negative trend. |
| Stochastics (14,3) | 26.34 | NEUTRAL | The Stochastics value for AAME is a neutral value. |
| Average True Range in percent/ATR (20) | 6.14 | HIGH VOLATILITY | The high ATR as a percentage value for AAME suggests high volalility. |
| Average Directional Index/ADX (14) | 10.32 | NEGATIVE | The low ADX value for AAME suggests a weak or negative trend. |
AAME Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
AAME Technicals: Chart, Performance Metrics, Trend & Indicators
2.53
-0.08 (-3.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-3.07%
1 Week-8.66%
2 Weeks-3.44%
1 Month-16.5%
3 Month-21.43%
6 Month-26.67%
12 Month84.67%
2 Year-9.64%
3 Year3.24%
5 Year-31.25%
10 Year-43.15%
15 Year16.59%
Volatility
ATR(14)0.16
ATR(20)%6.14%
ATR Inc28.68%
Range Today0.24
ADR(20)0.15
ADR(20)%5.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.04
3 months CRS18.04
6 months CRS19.97
Mansfield0.21
10 Day High2.87
10 Day Low2.49
20 Day High2.97
20 Day Low2.49
52 Week High3.71
52 Week Low1.25
CS1 End2.38
CR1 Start2.56
Volume & EV
DER(3)-14.13%
DER(5)-23.98%
Volume23.60K
Volume Incr-21.86%
Vol(5)9.92K
Vol(50)12.13K
ATLANTIC AMERICAN CORP / AAME TA FAQ
What is the technical rating for AAME stock?
ChartMill assigns a technical rating of 4 / 10 to AAME.
What is the current trend direction of ATLANTIC AMERICAN CORP (AAME) stock?
The current trend direction for ATLANTIC AMERICAN CORP (AAME) is Bearish.
Can you provide the RSI signal for ATLANTIC AMERICAN CORP?
ATLANTIC AMERICAN CORP (AAME) has an RSI value of 39.5689. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ATLANTIC AMERICAN CORP?
The short term momentum for ATLANTIC AMERICAN CORP (AAME) is neutral.
What are the support and resistance levels for ATLANTIC AMERICAN CORP (AAME) stock?
ATLANTIC AMERICAN CORP (AAME) has a support level at 2.38 and a resistance level at 2.56. Check the full technical report for our detailed analysis of AAME support and resistance levels.