AMERIS BANCORP (ABCB) Stock Technical Analysis
NYSE:ABCB - New York Stock Exchange, Inc. - US03076K1088 - Common Stock - Currency: USD
Overall ABCB gets a technical rating of 6 out of 10. Although ABCB has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
ABCB is part of the Banks industry. There are 396 other stocks in this industry. ABCB outperforms 70% of them.
ABCB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that ABCB is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ABCB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ABCB is lagging the market slightly.
ABCB has an average technical rating and it also does not offer a high 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.
More info and screens
51.68
65.23
When analyzing the support we can see 2 important areas.
- A support zone ranging from 61.04 to 61.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.20 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 62.46 to 64.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 84.16 | POSITIVE | ABCB has a high relative strength, it outperformed 84.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABCB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABCB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ABCB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.7 | NEUTRAL | The RSI value for ABCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests ABCB has a negative trend. |
| Stochastics (14,3) | 48.88 | NEUTRAL | The Stochastics value for ABCB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for ABCB suggests some volalility. |
| Average Directional Index/ADX (14) | 36.4 | POSITIVE | The high ADX value value for ABCB suggests a strong 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)
61.22
-0.09 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.15%
1 Week-3.51%
2 Weeks1.42%
1 Month9.28%
3 Month-3.53%
6 Month-14.72%
12 Month27.49%
2 Year93.98%
3 Year34.28%
5 Year152.66%
10 Year143.03%
15 Year443.21%
Volatility
ATR(14)1.28
ATR(20)%2.38%
ATR Inc-1.15%
Range Today1.51
ADR(20)1.28
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.16
Mansfield0.03
10 Day High63.97
10 Day Low59.85
20 Day High63.97
20 Day Low55.83
52 Week High74.56
52 Week Low45.89
CS1 End61.21
CR1 Start62.46
Volume & EV
DER(3)-2.79%
DER(5)-1.06%
Volume370.10K
Volume Incr-22.63%
Vol(5)356.14K
Vol(50)478.27K