AMERICAN FINANCIAL GROUP INC (AFG) Technical Analysis
NYSE:AFG • US0259321042
Current stock price
AFG Technical Rating and Analysis
Taking everything into account, AFG scores 1 out of 10 in our technical rating. AFG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When compared to the yearly performance of all other stocks, AFG outperforms 42% of them, which is more or less in line with the market.
- AFG is part of the Insurance industry. There are 147 other stocks in this industry, AFG did better than 67% of them.
- AFG 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 AFG is lagging the market slightly.
- In the last month AFG has a been trading in the 123.29 - 131.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
AFG Weekly and Daily overview Charts
AFG Setup Rating and Analysis
AFG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 129.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 129.24, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AFG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
AFG Support and Resistance Analysis
118.45
We found 2 important support areas.
- A support zone ranging from 122.68 to 129.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @119.65 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 129.84 to 131.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @138.27 from a horizontal line in the daily time frame.
- A resistance zone ranging from 146.86 to 148.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
AFG Technical Indicator Signal Analysis
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 | 42.44 | NEUTRAL | AFG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AFG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AFG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AFG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.94 | NEUTRAL | The RSI value for AFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests AFG has a positive trend. |
| Stochastics (14,3) | 69.43 | NEUTRAL | The Stochastics value for AFG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for AFG suggests some volalility. |
| Average Directional Index/ADX (14) | 19.02 | NEGATIVE | The low ADX value for AFG suggests a weak or negative trend. |
AFG Chart- and CandleStick Pattern Analysis
AFG Technicals: Chart, Performance Metrics, Trend & Indicators
129.71
+1.93 (+1.51%)
AMERICAN FINANCIAL GROUP INC / AFG TA FAQ
What is the ChartMill technical rating of AMERICAN FINANCIAL GROUP INC (AFG) stock?
ChartMill assigns a technical rating of 1 / 10 to AFG.
What is the trend direction for AFG stock?
The current trend direction for AMERICAN FINANCIAL GROUP INC (AFG) is Bearish.
What is the RSI signal for AMERICAN FINANCIAL GROUP INC (AFG) stock?
AMERICAN FINANCIAL GROUP INC (AFG) has an RSI value of 53.9405. This indicates that the stock is currently neutral.
What is the support and resistance level for AFG stock?
AMERICAN FINANCIAL GROUP INC (AFG) has a support level at 129.24 and a resistance level at 129.84. Check the full technical report for our detailed analysis of AFG support and resistance levels.