AMERIS BANCORP (ABCB) Stock Technical Analysis
USA - NYSE:ABCB - US03076K1088 - Common Stock
72.52 USD
-1.39 (-1.88%)
72.52 USD
0 (0%)
Taking everything into account, ABCB scores 5 out of 10 in our technical rating. In the last year, ABCB was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ABCB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ABCB is lagging the market slightly.
In the last month ABCB has a been trading in the 69.09 - 76.06 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.
When comparing the performance of all stocks over the past year, ABCB turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
ABCB is an average performer in the Banks industry, it outperforms 68% of 388 stocks in the same industry.
Although the technical rating is only medium, ABCB does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 72.25, a Stop Loss order could be placed below this zone.
More info and screens
53.82
77.17
We found 4 important support areas.
- A support zone ranging from 71.96 to 72.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @70.81 from a horizontal line in the weekly time frame.
- A support zone ranging from 69.09 to 69.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @54.36 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 72.95 to 73.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 74.88 to 76.41. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for ABCB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABCB is neutral. |
| ChartMill Relative Strength | 57.44 | NEUTRAL | ABCB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ABCB is below the rising 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) | 47.2 | NEUTRAL | The RSI value for ABCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ABCB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.84 | NEUTRAL | The Stochastics value for ABCB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for ABCB suggests some volalility. |
| Average Directional Index/ADX (14) | 12.98 | NEGATIVE | The low ADX value for ABCB 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)
72.52
-1.39 (-1.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.88%
1 Week-0.52%
2 Weeks1.19%
1 Month4.48%
3 Month3.64%
6 Month14.29%
12 Month4.15%
2 Year70.31%
3 Year37.14%
5 Year113.23%
10 Year112.11%
15 Year652.28%
Volatility
ATR(14)1.89
ATR(20)%2.5%
ATR Inc28.04%
Range Today2.35
ADR(20)1.77
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.44
3 months CRS65.55
6 months CRS73.38
Mansfield0.06
10 Day High76.06
10 Day Low70.55
20 Day High76.06
20 Day Low69.09
52 Week High76.58
52 Week Low48.27
CS1 End72.25
CR1 Start72.95
Volume & EV
DER(3)0.61%
DER(5)0.92%
Volume359.50K
Volume Incr-11.41%
Vol(5)427.12K
Vol(50)455.59K
AMERIS BANCORP / ABCB 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 current trend direction of AMERIS BANCORP (ABCB) stock?
The current trend direction for AMERIS BANCORP (ABCB) is Bullish.
What is the RSI signal for ABCB stock?
AMERIS BANCORP (ABCB) has an RSI value of 47.2044. This indicates that the stock is currently neutral.
What is the MACD signal for ABCB stock?
The MACD indicator for AMERIS BANCORP (ABCB) has a value of 0.105432, indicating a bearish trend.