AMERICAN FINANCIAL GROUP INC (AFG) Stock Technical Analysis
NYSE:AFG - New York Stock Exchange, Inc. - US0259321042 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to AFG. In the past year, AFG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, AFG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 123.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 123.55, a Stop Loss order could be placed below this zone.
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115.73
When analyzing the support we can see 2 important areas.
- A support zone ranging from 121.81 to 123.55. This zone is formed by a combination of multiple trend lines and important moving averages 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 123.98 to 125.26. 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 | 37.3 | 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 | MIXED | The current price of AFG is below the rising 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) | 49.02 | NEUTRAL | The RSI value for AFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests AFG has a positive trend. |
| Stochastics (14,3) | 39.77 | NEUTRAL | The Stochastics value for AFG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for AFG suggests low volalility. |
| Average Directional Index/ADX (14) | 10.18 | NEGATIVE | The low ADX value for AFG suggests a weak or negative trend. |
123.82
+1.13 (+0.92%)