AMALGAMATED FINANCIAL CORP (AMAL) Stock Technical Analysis
NASDAQ:AMAL - US0226711010 - Common Stock
28.75 USD
+0.03 (+0.1%)
28.75 USD
0 (0%)
We assign a technical rating of 1 out of 10 to AMAL. AMAL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
80% of all other stocks performed better in the past year than AMAL.
AMAL is one of the lesser performing stocks in the Banks industry. 92% of 391 stocks in the same industry do better.
AMAL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month AMAL has a been trading in the 28.16 - 30.14 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
AMAL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 29.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.52, a Stop Loss order could be placed below this zone.
More info and screens
25.61
32.81
2 important support areas can be observed.
- A support zone ranging from 27.69 to 28.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 25.87 to 25.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 29.62 to 30.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.68 from a trend line in the weekly time frame.
- Resistance @32.49 from a trend line 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 | DOWN | NEGATIVE | The long term trend for AMAL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMAL is down. |
| ChartMill Relative Strength | 20.11 | NEGATIVE | AMAL has a low relative strength, it was outperformed by 79.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AMAL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMAL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMAL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.28 | NEUTRAL | The RSI value for AMAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests AMAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.39 | NEUTRAL | The Stochastics value for AMAL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for AMAL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.2 | NEGATIVE | The low ADX value for AMAL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
28.75
+0.03 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.1%
1 Week1.09%
2 Weeks-2.18%
1 Month1.88%
3 Month-4.96%
6 Month-1.34%
12 Month-6.87%
2 Year66.96%
3 Year27.49%
5 Year171.74%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%2.34%
ATR Inc-37.72%
Range Today0.48
ADR(20)0.63
ADR(20)%2.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.11
Mansfield-1.72
10 Day High29.91
10 Day Low28.2
20 Day High30.14
20 Day Low28.16
52 Week High38.19
52 Week Low25.03
CS1 End28.52
CR1 Start29.62
Volume & EV
DER(3)-2.22%
DER(5)-1.9%
Volume128.00K
Volume Incr-5.14%
Vol(5)153.71K
Vol(50)172.06K