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 5 out of 10. AFG has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
AFG has only a medium technical rating, but it does show a decent setup pattern. 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 128.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 126.63, 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 126.63. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 128.39 to 128.54. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for AFG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AFG is up. |
| ChartMill Relative Strength | 37.1 | 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) | DOWN | NEGATIVE | The current price of AFG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.22 | NEUTRAL | The RSI value for AFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests AFG has a positive trend. |
| Stochastics (14,3) | 85.04 | OVERBOUGHT | The high Stochastics value suggests AFG may be overbought. |
| 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) | 7.54 | NEGATIVE | The low ADX value for AFG suggests a weak or negative trend. |
128.38
+2.06 (+1.63%)