ATLANTIC AMERICAN CORP (AAME) Stock Technical Analysis
USA - NASDAQ:AAME - US0482091008 - Common Stock
3.33 USD
-0.12 (-3.48%)
3.42 USD
+0.09 (+2.7%)
Taking everything into account, AAME scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AAME is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, AAME did better than 94% of all other stocks.
AAME is part of the Insurance industry. There are 146 other stocks in this industry. AAME outperforms 97% of them.
AAME is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AAME is lagging the market slightly.
In the last month AAME has a been trading in the 3.05 - 3.71 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Volume is considerably higher in the last couple of days.
AAME has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 3.26, a Stop Loss order could be placed below this zone.
More info and screens
2.31
3.58
We found 3 important support areas.
- A support zone ranging from 3.21 to 3.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.80 to 2.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.33 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @3.54 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for AAME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AAME is up. |
| ChartMill Relative Strength | 94.9 | POSITIVE | AAME has a high relative strength, it outperformed 94.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AAME is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AAME is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AAME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.24 | NEUTRAL | The RSI value for AAME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests AAME has a negative trend. |
| Stochastics (14,3) | 85.44 | OVERBOUGHT | The high Stochastics value suggests AAME may be overbought. |
| Average True Range in percent/ATR (20) | 5.81 | HIGH VOLATILITY | The high ATR as a percentage value for AAME suggests high volalility. |
| Average Directional Index/ADX (14) | 45.07 | POSITIVE | The high ADX value value for AAME suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.55 | 3.20 | 0.35 (9.86%) | 10.14% |
| An entry @3.55. This is a Buy Stop order right above the resistance zone. | An exit @3.20. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.35 points, which is 9.86%. | When investing 10.14% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.33
-0.12 (-3.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-3.48%
1 Week-0.75%
2 Weeks3.42%
1 Month1.52%
3 Month63.24%
6 Month93.6%
12 Month98.21%
2 Year72.54%
3 Year16.43%
5 Year66.5%
10 Year-17.57%
15 Year103.05%
Volatility
ATR(14)0.17
ATR(20)%5.81%
ATR Inc-36.54%
Range Today0.12
ADR(20)0.19
ADR(20)%5.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.9
Mansfield5.84
10 Day High3.46
10 Day Low3.05
20 Day High3.71
20 Day Low3.05
52 Week High3.71
52 Week Low1.25
CS1 End3.26
CR1 Start3.54
Volume & EV
DER(3)-19.24%
DER(5)-7.11%
Volume48.40K
Volume Incr1.3%
Vol(5)48.05K
Vol(50)35.15K