AMERICAN FINANCIAL GROUP INC (AFG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AFG - US0259321042 - Common Stock
Overall AFG gets a technical rating of 4 out of 10. In the last year, AFG was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, AFG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 136.15, a Stop Loss order could be placed below this zone.
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118.45
4 important support areas can be observed.
- A support zone ranging from 134.94 to 136.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 129.66 to 130.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @121.82 from a horizontal line in the daily time frame.
- A support zone ranging from 119.65 to 119.81. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 136.96 to 137.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 146.86 to 149.09. 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 AFG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AFG is neutral. |
| ChartMill Relative Strength | 33.98 | NEUTRAL | AFG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AFG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AFG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AFG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.97 | NEUTRAL | The RSI value for AFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests AFG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.37 | NEUTRAL | The Stochastics value for AFG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for AFG suggests low volalility. |
| Average Directional Index/ADX (14) | 11.78 | NEGATIVE | The low ADX value for AFG suggests a weak or negative trend. |
136.68
-1.19 (-0.86%)
AMERICAN FINANCIAL GROUP INC / AFG FAQ
What is the ChartMill technical rating of AMERICAN FINANCIAL GROUP INC (AFG) stock?
ChartMill assigns a technical rating of 4 / 10 to AFG.
What is the current trend direction of AMERICAN FINANCIAL GROUP INC (AFG) stock?
The current trend direction for AMERICAN FINANCIAL GROUP INC (AFG) is Bullish.
What is the RSI signal for AFG stock?
AMERICAN FINANCIAL GROUP INC (AFG) has an RSI value of 48.9661. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AMERICAN FINANCIAL GROUP INC?
The MACD indicator for AMERICAN FINANCIAL GROUP INC (AFG) has a value of 0.141159, indicating a bearish trend.
What are the support and resistance levels for AMERICAN FINANCIAL GROUP INC (AFG) stock?
AMERICAN FINANCIAL GROUP INC (AFG) has a support level at 136.15 and a resistance level at 136.96. Check the full technical report for our detailed analysis of AFG support and resistance levels.