ATLANTIC AMERICAN CORP (AAME) Stock Technical Analysis
NASDAQ:AAME - Nasdaq - US0482091008 - Common Stock - Currency: USD
Taking everything into account, AAME scores 10 out of 10 in our technical rating. 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.
Warning: AAME has an average volume of 16746 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
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. 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 143 other stocks in this industry. AAME outperforms 92% 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 1.91 - 2.38 range, which is quite wide. It is currently trading near the high of this range.
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 a resistance zone just above the current price starting at 2.35. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.98
2.40
3 important support areas can be observed.
- Support @2.30 from a trend line in the weekly time frame.
- A support zone ranging from 2.17 to 2.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.00 to 2.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.35 to 2.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 89.86 | POSITIVE | AAME has a high relative strength, it outperformed 89.86% 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 | 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) | 58.98 | NEUTRAL | The RSI value for AAME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AAME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.33 | OVERBOUGHT | The high Stochastics value suggests AAME may be overbought. |
| Average True Range in percent/ATR (20) | 5.56 | HIGH VOLATILITY | The high ATR as a percentage value for AAME suggests high volalility. |
| Average Directional Index/ADX (14) | 39.95 | 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 |
|---|---|---|---|
| 2.39 | 2.29 | 0.10 (4.18%) | 23.90% |
| An entry @2.39. This is a Buy Stop order right above the resistance zone. | An exit @2.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.10 points, which is 4.18%. | For a 1.00% total portfolio risk, you can invest 23.90% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AAME. Please evaluate whether better entry and exit points can be found.
- 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.
NASDAQ:AAME (8/6/2025, 1:59:36 PM)
2.32
+0.01 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.43%
1 Week4.06%
2 Weeks6.22%
1 Month4.77%
3 Month27.35%
6 Month37.04%
12 Month52.65%
2 Year13.33%
3 Year-22.91%
5 Year15.25%
10 Year-35.97%
15 Year82.94%
Volatility
ATR(14)0.14
ATR(20)%5.56%
ATR Inc-10.82%
Range Today0.13
ADR(20)0.13
ADR(20)%5.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.86
Mansfield2.86
10 Day High2.38
10 Day Low2.17
20 Day High2.38
20 Day Low1.91
52 Week High2.61
52 Week Low1.25
CS1 End2.3
CR1 Start2.35
Volume & EV
DER(3)-6.19%
DER(5)-1.74%
Volume5.92K
Volume Incr-2.89%
Vol(5)25.38K
Vol(50)16.75K