AMALGAMATED FINANCIAL CORP (AMAL) Technical Analysis
NASDAQ:AMAL • US0226711010
Overall AMAL gets a technical rating of 8 out of 10. In the last year, AMAL was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month AMAL has a been trading in the 37.28 - 42.66 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, AMAL did better than 85% of all other stocks.
- AMAL is one of the better performing stocks in the Banks industry, it outperforms 91% of 379 stocks in the same industry.
- AMAL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AMAL is lagging the market slightly.
AMAL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 38.48, a Stop Loss order could be placed below this zone.
More info and screens
25.73
We found 5 important support areas.
- A support zone ranging from 38.48 to 38.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.35 from a horizontal line in the daily time frame.
- Support @28.37 from a horizontal line in the daily time frame.
- Support @26.67 from a trend line in the weekly time frame.
- Support @25.99 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.40 to 41.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 AMAL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMAL is neutral. |
| ChartMill Relative Strength | 85.6 | POSITIVE | AMAL has a high relative strength, it outperformed 85.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMAL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMAL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.99 | NEUTRAL | The RSI value for AMAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests AMAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.58 | NEUTRAL | The Stochastics value for AMAL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for AMAL suggests some volalility. |
| Average Directional Index/ADX (14) | 25.08 | POSITIVE | The high ADX value value for AMAL suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 39.14 | 38.47 | 0.67 (1.70%) | 25.00% |
| An entry @39.14. This is a Buy Stop order right above the 10 day moving average. | An exit @38.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.67 points, which is 1.70%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.43%. |
- The distance between exit and entry is rather small compared to the average daily movement of AMAL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
AMAL Technicals: Chart, Performance Metrics, Trend & Indicators
38.52
-0.63 (-1.61%)
AMALGAMATED FINANCIAL CORP / AMAL FAQ
What is the technical rating for AMAL stock?
ChartMill assigns a technical rating of 8 / 10 to AMAL.
What is the trend direction for AMAL stock?
The current trend direction for AMALGAMATED FINANCIAL CORP (AMAL) is Bullish.
What is the RSI signal for AMALGAMATED FINANCIAL CORP (AMAL) stock?
AMALGAMATED FINANCIAL CORP (AMAL) has an RSI value of 47.9925. This indicates that the stock is currently neutral.
What is the MACD signal for AMALGAMATED FINANCIAL CORP (AMAL) stock?
The MACD indicator for AMALGAMATED FINANCIAL CORP (AMAL) has a value of -0.413245, indicating a bearish trend.
What are the support and resistance levels for AMALGAMATED FINANCIAL CORP (AMAL) stock?
AMALGAMATED FINANCIAL CORP (AMAL) has a support level at 38.48 and a resistance level at 41.4. Check the full technical report for our detailed analysis of AMAL support and resistance levels.