AMERIS BANCORP (ABCB)       45.4  -0.6 (-1.3%)

45.4  -0.6 (-1.3%)

US03076K1088 - Common Stock - After market: 45.4 0 (0%)

Technical Rating

4

We assign a technical rating of 4 out of 10 to ABCB. In the last year, ABCB was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.



The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that ABCB is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ABCB is part of the Banks industry. There are 309 other stocks in this industry, ABCB did better than 66% of them.
ABCB is currently trading in the middle of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So ABCB is doing better than the market!
In the last month ABCB has a been trading in the 44.52 - 49.33 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -3.55% 11.17% 5.61% -14.47% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 79.52 38.22 - 56.635
ABCB Weekly chart
ABCB Daily chart

Support/Resistance Analysis


38.46

52.25
When analyzing the support we can see 3 important areas.
  • Support @44.36 from a horizontal line in the daily time frame.
  • A support zone ranging from 39.72 to 40.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @38.85 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
  • A resistance zone ranging from 46.99 to 48.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 49.78 to 49.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 50.68 to 51.73. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

6

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 44.36, a Stop Loss order could be placed below this zone.


ABCB Daily chart

AMERIS BANCORP45.4

NASDAQ:ABCB (9/27/2022, 7:00:00 PM)-0.6 (-1.3%)

After market: 45.4 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today -1.3% 1 Week -6.35%
2 Weeks -3.12% 1 Month -3.55%
3 Month 11.17% 6 Month 5.61%
Volatility
ATR(14) 1.4 ATR(20)% 3.01%
ATR Inc -5.53% Range Today 1.68
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 79.52 Mansfield 1.3
10 Day High 49.33 10 Day Low 45
20 Day High 49.33 20 Day Low 44.52
52 Week High 56.64 52 Week Low 38.22
CS1 End 44.36 CR1 Start 46.99
Volume & EV
DER(3) -2.24% DER(5) -1.78%
Volume 294.90K Volume Incr -27.77%
Vol(5) 293.50K Vol(50) 332.99K

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