AAME Technical Analysis - ATLANTIC AMERICAN CORP

Technical Rating and Analysis

Overall AAME gets a technical rating of 9 out of 10. Both in the recent history as in the last year, AAME has proven to be a steady performer, scoring decent points in every aspect analyzed.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Warning: AAME has an average volume of 16816 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

AAME is one of the better performing stocks in the Insurance industry, it outperforms 94% of 145 stocks in the same industry.

Looking at the yearly performance, AAME did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

AAME is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AAME is lagging the market.

In the last month AAME has a been trading in the 1.73 - 2.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ATLANTIC AMERICAN CORP / AAME Weekly stock chart

ATLANTIC AMERICAN CORP / AAME Daily stock chart

Setup Rating and Analysis

Although AAME has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.87

2.02

We found 2 important support areas.

Support @1.95 from a trend line in the daily time frame.
Support @1.89 from a trend line in the daily time frame.

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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	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	88.19	POSITIVE	AAME has a high relative strength, it outperformed 88.19% 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)	48.71	NEUTRAL	The RSI value for AAME is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests AAME has a negative trend.
Stochastics (14,3)	29.3	NEUTRAL	The Stochastics value for AAME is a neutral value.
Average True Range in percent/ATR (20)	8.01	HIGH VOLATILITY	The high ATR as a percentage value for AAME suggests high volalility.
Average Directional Index/ADX (14)	35.53	POSITIVE	The high ADX value value for AAME suggests a strong trend.