AMERIS BANCORP (ABCB) Stock Technical Analysis
NYSE:ABCB - New York Stock Exchange, Inc. - US03076K1088 - Common Stock - Currency: USD
Taking everything into account, ABCB scores 4 out of 10 in our technical rating. Although ABCB is scoring some points because its good overall performance in the market in the past year, 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 59.54 - 63.66 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
ABCB is one of the better performing stocks in the Banks industry, it outperforms 73% of 395 stocks in the same industry.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the yearly performance of all stocks, we notice that ABCB is one of the better performing stocks in the market, outperforming 82% 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 only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 60.65, a Stop Loss order could be placed below this zone.
More info and screens
52.46
65.23
We found 2 important support areas.
- A support zone ranging from 59.19 to 60.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.99 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 61.49 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 | DOWN | NEGATIVE | The short term trend for ABCB is down. |
| ChartMill Relative Strength | 82.61 | POSITIVE | ABCB has a high relative strength, it outperformed 82.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABCB is below a declining 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) | 48.01 | NEUTRAL | The RSI value for ABCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests ABCB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.19 | OVERSOLD | The low Stochastics value suggests ABCB may be oversold. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for ABCB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.99 | 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)
60.66
+0.91 (+1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.52%
1 Week-3.1%
2 Weeks-0.23%
1 Month-3.47%
3 Month4.98%
6 Month-3.42%
12 Month27.12%
2 Year77.32%
3 Year50.97%
5 Year157.14%
10 Year139.86%
15 Year527.95%
Volatility
ATR(14)1.21
ATR(20)%2.01%
ATR Inc0.79%
Range Today1.37
ADR(20)1.09
ADR(20)%1.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.61
Mansfield-0.46
10 Day High63.66
10 Day Low59.54
20 Day High63.66
20 Day Low59.54
52 Week High74.56
52 Week Low47.65
CS1 End60.65
CR1 Start61.49
Volume & EV
DER(3)-1.39%
DER(5)-2.08%
Volume263.20K
Volume Incr11.22%
Vol(5)322.96K
Vol(50)404.04K