AMERIS BANCORP (ABCB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ABCB - US03076K1088 - Common Stock
We assign a technical rating of 8 out of 10 to ABCB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABCB is showing a nice and steady performance.
Although ABCB has an excellent technical rating, it does not present a decent entry opportunity 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.
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54.69
When analyzing the support we can see 5 important areas.
- A support zone ranging from 75.04 to 76.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @72.61 from a trend line in the daily time frame.
- 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 @55.24 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 79.14 to 79.14. 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 | UP | POSITIVE | The short term trend for ABCB is up. |
| ChartMill Relative Strength | 81.29 | POSITIVE | ABCB has a high relative strength, it outperformed 81.29% 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 | POSITIVE | The current price of ABCB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.73 | NEUTRAL | The RSI value for ABCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests ABCB has a positive trend. |
| Stochastics (14,3) | 83.71 | OVERBOUGHT | The high Stochastics value suggests ABCB may be overbought. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for ABCB suggests low volalility. |
| Average Directional Index/ADX (14) | 18.51 | NEGATIVE | The low ADX value for ABCB suggests a weak or negative trend. |
79.13
+0.14 (+0.18%)
AMERIS BANCORP / ABCB FAQ
What is the ChartMill technical rating of AMERIS BANCORP (ABCB) stock?
ChartMill assigns a technical rating of 8 / 10 to ABCB.
What is the trend direction for 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 64.7346. 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 0.176174, indicating a bearish trend.
Can you provide the buy/sell signal for AMERIS BANCORP?
The buy/sell signal for AMERIS BANCORP (ABCB) is buy as both the short term and long term trends are positive.