We assign a technical rating of 7 out of 10 to AAME. AAME has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although AAME has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.23
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.47 to 2.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.31 to 2.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.25 from a horizontal 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 | 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 | 93.79 | POSITIVE | AAME has a high relative strength, it outperformed 93.79% 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) | 67.95 | NEUTRAL | The RSI value for AAME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests AAME has a positive trend. |
| Stochastics (14,3) | 57.84 | NEUTRAL | The Stochastics value for AAME is a neutral value. |
| Average True Range in percent/ATR (20) | 6.16 | HIGH VOLATILITY | The high ATR as a percentage value for AAME suggests high volalility. |
| Average Directional Index/ADX (14) | 14.27 | NEGATIVE | The low ADX value for AAME suggests a weak or negative trend. |
3.22
+0.77 (+31.43%)
ATLANTIC AMERICAN CORP / AAME FAQ
What is the technical rating for AAME stock?
ChartMill assigns a technical rating of 7 / 10 to AAME.
What is the trend direction for 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 67.9471. This indicates that the stock is currently neutral.
What is the MACD signal for AAME stock?
The MACD indicator for ATLANTIC AMERICAN CORP (AAME) has a value of 0.0640185, indicating a bearish trend.
Can you provide the support and resistance levels for ATLANTIC AMERICAN CORP?
ATLANTIC AMERICAN CORP (AAME) has a support level at 2.54 and a resistance level at 3.54. Check the full technical report for our detailed analysis of AAME support and resistance levels.