AMERIS BANCORP (ABCB)

US03076K1088 - Common Stock

34.55  +2.06 (+6.34%)

Technical Rating

1

Taking everything into account, ABCB scores 1 out of 10 in our technical rating. ABCB'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.



In the last month ABCB has a been trading in the 28.33 - 33.69 range, which is quite wide. It is currently trading near the high of this range.
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.
83% of all other stocks performed better in the past year than ABCB.
ABCB is part of the Banks industry. There are 372 other stocks in this industry, of which 69% are performing better than ABCB.
ABCB 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.

Statistics

1 Month 3 Months 6 Months 12 Months 5.62% -31.03% -38.29% -28.87% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 17.55 28.33 - 54.24
ABCB Weekly chart
ABCB Daily chart

Support/Resistance Analysis


28.73

55.64
2 important support areas can be observed.
  • A support zone ranging from 32.13 to 33.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 29.02 to 29.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
  • A resistance zone ranging from 45.09 to 45.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @52.34 from a trend line in the weekly time frame.
  • Resistance @55.09 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

3

The technical rating of ABCB is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


ABCB Daily chart

AMERIS BANCORP

NASDAQ:ABCB (6/2/2023, 1:43:07 PM)

34.55

+2.06 (+6.34%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg6.34%
1 Week0.43%
2 Weeks1.85%
1 Month5.62%
3 Month-31.03%
6 Month-38.29%
12 Month-28.87%
Volatility
ATR(14)1.39
ATR(20)%4.47%
ATR Inc21.06%
Range Today1.67
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.55
Mansfield-3.1
10 Day High33.69
10 Day Low30.66
20 Day High33.69
20 Day Low28.33
52 Week High54.24
52 Week Low28.33
CS1 End32.23
CR1 Start32.52
Volume & EV
DER(3)0.57%
DER(5)0.77%
Volume190.42K
Volume Incr-34.19%
Vol(5)347.16K
Vol(50)458.37K
Technical Stock Screener Links
Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the USA

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the USA