AFFINITY BANCSHARES INC (AFBI)

US00832E1038 - Common Stock

16.7  -0.1 (-0.6%)

Technical Rating and Analysis

10

Taking everything into account, AFBI scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, AFBI has proven to be a steady performer, scoring decent points in every aspect analyzed.

Warning: AFBI has an average volume of 4300 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, AFBI did better than 81% of all other stocks. We also observe that the gains produced by AFBI over the past year are nicely spread over this period.
AFBI is one of the better performing stocks in the Banks industry, it outperforms 76% of 412 stocks in the same industry.
AFBI is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AFBI is leading the market.
In the last month AFBI has a been trading in a tight range between 15.98 and 16.91.

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Weekly and Daily overview Charts
AFBI Weekly chart
AFBI Daily chart
Setup Rating and Analysis

8

AFBI has an excellent technical rating and also presents 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 resistance zone just above the current price starting at 16.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.59, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

14.95

17.32

We found 3 important support areas.

  • A support zone ranging from 15.86 to 16.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @15.61 from a horizontal line in the daily time frame.
  • Support @15.10 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 16.73 to 17.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.42
Mansfield0.19
10 Day High16.91
10 Day Low16.5
20 Day High16.91
20 Day Low15.98
52 Week High17.15
52 Week Low11.56
Performance
1 Week-0.42%
2 Weeks0.6%
1 Month3.66%
3 Month3.09%
6 Month18.69%
12 Month35.23%
2 Year13.15%
3 Year33.6%
5 YearN/A
10 YearN/A
15 YearN/A

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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)

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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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)52.36
LBB16.47
UBB16.93

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
16.9216.490.43 (2.54%)25.00%
An entry @16.92. This is a Buy Stop order right above the 10 day high.An exit @16.49. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.43 points, which is 2.54%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

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AFBI Daily chart

AFFINITY BANCSHARES INC

NASDAQ:AFBI (5/3/2024, 7:00:00 PM)

16.7

-0.1 (-0.6%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.6%
1 Week-0.42%
2 Weeks0.6%
1 Month3.66%
3 Month3.09%
6 Month18.69%
12 Month35.23%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.2
ATR(20)%1.4%
ATR Inc
Range Today0.29
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High16.91
10 Day Low16.5
20 Day High16.91
20 Day Low15.98
52 Week High17.15
52 Week Low11.56
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.30K
Volume Incr-43.89%
Vol(5)3.10K
Vol(50)4.30K