NYSE:AM - US03676B1026 - Common Stock
We assign a technical rating of 2 out of 10 to AM. AM has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although the technical rating is bad, AM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 17.30, a Stop Loss order could be placed below this zone.
16.38
We found 2 important support areas.
When analyzing the resistance we notice 3 important areas.
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 | UP | POSITIVE | The long term trend for AM is up. |
ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AM is down. |
ChartMill Relative Strength | 57.08 | NEUTRAL | AM is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AM is below a declining SMA(20). |
Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AM is below a declining SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AM is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 48.57 | NEUTRAL | The RSI value for AM is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests AM has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 33.14 | NEUTRAL | The Stochastics value for AM is a neutral value. |
Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for AM suggests low volalility. |
Average Directional Index/ADX (14) | 13.52 | NEGATIVE | The low ADX value for AM suggests a weak or negative trend. |
17.79
-0.05 (-0.28%)