ATLANTIC AMERICAN CORP (AAME) Stock Technical Analysis
USA - NASDAQ:AAME - US0482091008 - Common Stock
3.09 USD
+0.06 (+1.98%)
2.92 USD
-0.17 (-5.5%)
Overall AAME gets a technical rating of 10 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.
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 93% of all other stocks. We also observe that the gains produced by AAME over the past year are nicely spread over this period.
AAME is part of the Insurance industry. There are 147 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 2.60 - 3.17 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, AAME also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AAME in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.51
3.58
When analyzing the support we can see 5 important areas.
- A support zone ranging from 2.89 to 2.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.84 from a trend line in the daily time frame.
- Support @2.77 from a horizontal line in the weekly time frame.
- Support @2.66 from a horizontal line in the daily time frame.
- Support @2.54 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.53 to 3.54. This zone is formed by a combination of multiple trend lines 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 | 93.7 | POSITIVE | AAME has a high relative strength, it outperformed 93.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AAME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AAME is below 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) | 55.45 | NEUTRAL | The RSI value for AAME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests AAME has a positive trend. |
| Stochastics (14,3) | 81.46 | OVERBOUGHT | The high Stochastics value suggests AAME may be overbought. |
| Average True Range in percent/ATR (20) | 5.86 | HIGH VOLATILITY | The high ATR as a percentage value for AAME suggests high volalility. |
| Average Directional Index/ADX (14) | 18.37 | NEGATIVE | The low ADX value for AAME suggests a weak or negative 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 |
|---|---|---|---|
| 3.18 | 2.88 | 0.30 (9.38%) | 10.66% |
| An entry @3.18. This is a Buy Stop order right above the 10 day high. | An exit @2.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.30 points, which is 9.38%. | When investing 10.66% 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.
3.09
+0.06 (+1.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.98%
1 Week0.32%
2 Weeks6.55%
1 Month6.92%
3 Month36.12%
6 Month103.3%
12 Month87.27%
2 Year79.16%
3 Year7.67%
5 Year52.97%
10 Year-29.93%
15 Year76.57%
Volatility
ATR(14)0.16
ATR(20)%5.86%
ATR Inc-20.06%
Range Today0.14
ADR(20)0.18
ADR(20)%5.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.7
3 months CRS92.11
6 months CRS93.81
Mansfield4.1
10 Day High3.17
10 Day Low2.78
20 Day High3.17
20 Day Low2.6
52 Week High3.71
52 Week Low1.25
CS1 End2.99
CR1 Start3.53
Volume & EV
DER(3)10.22%
DER(5)-1.11%
Volume33.83K
Volume Incr-26.31%
Vol(5)25.73K
Vol(50)43.40K