AMERICAN ASSETS TRUST INC (AAT) Stock Technical Analysis
NYSE:AAT - New York Stock Exchange, Inc. - US0240131047 - REIT - Currency: USD
Taking everything into account, AAT scores 2 out of 10 in our technical rating. In the past year, AAT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
AAT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.05, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
18.12
When analyzing the support we can see 2 important areas.
- A support zone ranging from 19.31 to 20.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.30 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 20.08 to 20.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.71 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 | DOWN | NEGATIVE | The long term trend for AAT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AAT is up. |
| ChartMill Relative Strength | 29.63 | NEGATIVE | AAT has a low relative strength, it was outperformed by 70.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AAT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AAT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AAT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.19 | NEUTRAL | The RSI value for AAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests AAT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.15 | OVERBOUGHT | The high Stochastics value suggests AAT may be overbought. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for AAT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.69 | NEGATIVE | The low ADX value for AAT suggests a weak or negative trend. |
20.07
-0.14 (-0.69%)