AMERICAN ASSETS TRUST INC (AAT) Stock Technical Analysis
NYSE:AAT - New York Stock Exchange, Inc. - US0240131047 - REIT - Currency: USD
We assign a technical rating of 1 out of 10 to AAT. AAT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, AAT is a bad performer in the overall market: 71% of all stocks are doing better.
AAT is one of the lesser performing stocks in the Diversified REITs industry. 62% of 130 stocks in the same industry do better.
AAT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month AAT has a been trading in the 19.32 - 20.78 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, AAT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 20.11, 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
20.92
When analyzing the support we can see 3 important areas.
- A support zone ranging from 19.57 to 20.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.05 from a horizontal line in the daily time frame.
- A support zone ranging from 18.30 to 18.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @20.23 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 20.65 to 20.71. 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 | DOWN | NEGATIVE | The long term trend for AAT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AAT is neutral. |
| ChartMill Relative Strength | 29.04 | NEGATIVE | AAT has a low relative strength, it was outperformed by 70.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AAT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AAT is above the rising 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) | 53.93 | NEUTRAL | The RSI value for AAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests AAT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.66 | NEUTRAL | The Stochastics value for AAT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for AAT suggests some volalility. |
| Average Directional Index/ADX (14) | 11.99 | NEGATIVE | The low ADX value for AAT 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)
20.21
+0.02 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.1%
1 Week1.51%
2 Weeks-0.59%
1 Month-0.15%
3 Month7.9%
6 Month-23.21%
12 Month-7.25%
2 Year-10.18%
3 Year-33.15%
5 Year-25.15%
10 Year-51.44%
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%2.43%
ATR Inc-26.76%
Range Today0.28
ADR(20)0.46
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.04
Mansfield-2.13
10 Day High20.58
10 Day Low19.33
20 Day High20.78
20 Day Low19.33
52 Week High29.15
52 Week Low16.69
CS1 End20.11
CR1 Start20.23
Volume & EV
DER(3)1.97%
DER(5)1.16%
Volume322.30K
Volume Incr111.86%
Vol(5)976.32K
Vol(50)472.70K