AMERICAN FINANCIAL GROUP INC (AFG)       120.66  +0.6 (+0.5%)

120.66  +0.6 (+0.5%)

US0259321042 - Common Stock

Technical Rating

1

We assign a technical rating of 1 out of 10 to AFG. 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.



When compared to the yearly performance of all other stocks, AFG outperforms 59% of them, which is more or less in line with the market.
AFG is part of the Insurance industry. There are 136 other stocks in this industry, AFG did better than 56% of them.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
AFG is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
In the last month AFG has a been trading in the 119.01 - 134.57 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -8.85% -15.81% -19.00% -5.81% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 59.8 119.01 - 152.29
AFG Weekly chart
AFG Daily chart

Support/Resistance Analysis


119.45

140.55
When analyzing the resistance we notice 3 important areas.
  • A resistance zone ranging from 127.23 to 132.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @135.11 from a horizontal line in the weekly time frame.
  • A resistance zone ranging from 137.58 to 139.16. This zone is formed by a combination of multiple trend lines in the daily time frame.

Setup Analysis

Setup Rating

2

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.


AFG Daily chart

AMERICAN FINANCIAL GROUP INC120.66

NYSE:AFG (9/27/2022, 8:51:09 AM)+0.6 (+0.5%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Insurance
Performance
Today 0.5% 1 Week -7.77%
2 Weeks -9.99% 1 Month -8.85%
3 Month -15.81% 6 Month -19%
Volatility
ATR(14) 3.25 ATR(20)% 2.55%
ATR Inc 11.09% Range Today 0.53
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 59.8 Mansfield 0.28
10 Day High 133.29 10 Day Low 119.01
20 Day High 134.57 20 Day Low 119.01
52 Week High 152.29 52 Week Low 119.01
CS1 End N/A CR1 Start 127.23
Volume & EV
DER(3) 1.84% DER(5) 0.74%
Volume 5.36K Volume Incr -6.85%
Vol(5) 304.38K Vol(50) 333.34K

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