AMERICAN FINANCIAL GROUP INC (AFG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:AFG • US0259321042
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 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 comparing the yearly performance of all stocks, AFG is a bad performer in the overall market: 75% of all stocks are doing better.
- In the last month AFG has a been trading in the 126.00 - 135.77 range, which is quite wide. It is currently trading near the lows of this range.
- AFG is an average performer in the Insurance industry, it outperforms 41% of 147 stocks in the same industry.
- AFG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AFG is lagging the market.
- Volume is considerably higher in the last couple of days.
The technical rating of AFG is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
118.45
When analyzing the support we can see 2 important areas.
- Support @125.42 from a horizontal line in the daily time frame.
- A support zone ranging from 119.65 to 119.82. This zone is formed by a combination of multiple trend lines in the weekly time frame.
6 important resistance areas can be observed.
- Resistance @126.44 from a trend line in the weekly time frame.
- A resistance zone ranging from 128.62 to 130.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 132.62 to 133.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @138.17 from a horizontal line in the weekly time frame.
- Resistance @143.20 from a horizontal line in the daily time frame.
- Resistance @146.86 from a horizontal line in the weekly 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 | 25.06 | NEGATIVE | AFG has a low relative strength, it was outperformed by 74.94% off all stocks 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) | 32.64 | NEUTRAL | The RSI value for AFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AFG has a negative trend. |
| Stochastics (14,3) | 34.92 | NEUTRAL | The Stochastics value for AFG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for AFG suggests some volalility. |
| Average Directional Index/ADX (14) | 15.01 | NEGATIVE | The low ADX value for AFG suggests a weak or negative trend. |
126.18
-4.07 (-3.12%)
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 0 / 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 Bearish.
What is the RSI signal for AFG stock?
AMERICAN FINANCIAL GROUP INC (AFG) has an RSI value of 32.6449. 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 -0.00631188, 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 125.42 and a resistance level at 126.44. Check the full technical report for our detailed analysis of AFG support and resistance levels.