AMERICAN FINANCIAL GROUP INC (AFG) Stock Technical Analysis
NYSE:AFG - New York Stock Exchange, Inc. - US0259321042 - Common Stock - Currency: USD
Overall AFG gets a technical rating of 0 out of 10. AFG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
64% of all other stocks performed better in the past year than AFG.
AFG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AFG is lagging the market.
AFG is an average performer in the Insurance industry, it outperforms 41% of 143 stocks in the same industry.
In the last month AFG has a been trading in a tight range between 120.52 and 127.43.
Although the technical rating is bad, AFG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 123.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 123.51, a Stop Loss order could be placed below this zone.
More info and screens
115.73
138.40
When analyzing the support we can see 2 important areas.
- A support zone ranging from 121.81 to 123.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 116.90 to 119.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 123.97 to 125.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 128.54 to 132.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @137.03 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for AFG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AFG is neutral. |
| ChartMill Relative Strength | 36.39 | NEUTRAL | AFG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AFG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AFG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AFG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.69 | NEUTRAL | The RSI value for AFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests AFG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.37 | NEUTRAL | The Stochastics value for AFG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for AFG suggests low volalility. |
| Average Directional Index/ADX (14) | 11.54 | NEGATIVE | The low ADX value for AFG 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)
123.87
-1.49 (-1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-1.19%
1 Week-1.03%
2 Weeks-0.09%
1 Month-0.26%
3 Month-2.66%
6 Month-11.46%
12 Month-0.22%
2 Year4.31%
3 Year-10.76%
5 Year95.19%
10 Year90.45%
15 Year353.4%
Volatility
ATR(14)2.23
ATR(20)%1.78%
ATR Inc27.03%
Range Today2.11
ADR(20)2.12
ADR(20)%1.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.39
Mansfield-0.89
10 Day High125.87
10 Day Low121.75
20 Day High127.43
20 Day Low120.52
52 Week High150.19
52 Week Low114.73
CS1 End123.51
CR1 Start123.97
Volume & EV
DER(3)1.35%
DER(5)0.27%
Volume612.60K
Volume Incr11.57%
Vol(5)492.18K
Vol(50)452.53K