AMERIS BANCORP (ABCB) Technical Analysis
NYSE:ABCB • US03076K1088
Current stock price
ABCB Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to ABCB. Although ABCB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, ABCB did better than 81% of all other stocks. On top of that, ABCB also shows a nice and consistent pattern of rising prices.
- ABCB is one of the better performing stocks in the Banks industry, it outperforms 82% of 380 stocks in the same industry.
- ABCB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ABCB is performing more or less in line with the market.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- In the last month ABCB has a been trading in the 73.20 - 80.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ABCB Weekly and Daily overview Charts
ABCB Setup Rating and Analysis
ABCB has only a medium technical rating, but it does show 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 76.54, a Stop Loss order could be placed below this zone.
More info and screens
ABCB Support and Resistance Analysis
55.13
3 important support areas can be observed.
- A support zone ranging from 73.98 to 76.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @69.09 from a horizontal line in the daily time frame.
- Support @55.69 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 85.94 to 85.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
ABCB Technical Indicator Signal Analysis
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 ABCB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABCB is neutral. |
| ChartMill Relative Strength | 81.21 | POSITIVE | ABCB has a high relative strength, it outperformed 81.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ABCB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABCB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABCB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.02 | NEUTRAL | The RSI value for ABCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests ABCB has a positive trend. |
| Stochastics (14,3) | 76.26 | NEUTRAL | The Stochastics value for ABCB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for ABCB suggests some volalility. |
| Average Directional Index/ADX (14) | 27.71 | POSITIVE | The high ADX value value for ABCB suggests a strong trend. |
ABCB Chart- and CandleStick Pattern Analysis
ABCB Technicals: Chart, Performance Metrics, Trend & Indicators
77.28
-0.09 (-0.12%)
AMERIS BANCORP / ABCB TA FAQ
What is the ChartMill technical rating of AMERIS BANCORP (ABCB) stock?
ChartMill assigns a technical rating of 5 / 10 to ABCB.
What is the trend direction for ABCB stock?
The current trend direction for AMERIS BANCORP (ABCB) is Bearish.
What is the RSI signal for ABCB stock?
AMERIS BANCORP (ABCB) has an RSI value of 49.0239. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AMERIS BANCORP?
The MACD indicator for AMERIS BANCORP (ABCB) has a value of 0.308898, indicating a bearish trend.