AMALGAMATED FINANCIAL CORP (AMAL) Stock Technical Analysis
NASDAQ:AMAL - Nasdaq - US0226711010 - Common Stock - Currency: USD
Overall AMAL gets a technical rating of 4 out of 10. AMAL 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.
In the last month AMAL has a been trading in the 28.98 - 31.50 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.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, AMAL did better than 79% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
AMAL is part of the Banks industry. There are 396 other stocks in this industry, AMAL did better than 65% of them.
AMAL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AMAL is lagging the market slightly.
AMAL has only a medium technical rating, but it does show 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 29.98, a Stop Loss order could be placed below this zone.
More info and screens
25.61
37.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 29.57 to 29.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.15 from a trend line in the weekly time frame.
- A support zone ranging from 25.87 to 26.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 30.37 to 31.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.62 to 31.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @34.15 from a trend line in the daily time frame.
- A resistance zone ranging from 36.51 to 36.70. 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 | NEUTRAL | NEUTRAL | The long term trend for AMAL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMAL is neutral. |
| ChartMill Relative Strength | 79.97 | POSITIVE | AMAL has a high relative strength, it outperformed 79.97% 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) | DOWN | NEGATIVE | The current price of AMAL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.7 | NEUTRAL | The RSI value for AMAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests AMAL has a negative trend. |
| Stochastics (14,3) | 69.78 | NEUTRAL | The Stochastics value for AMAL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for AMAL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.86 | 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)
30.25
-0.73 (-2.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.36%
1 Week-1.08%
2 Weeks0.1%
1 Month-2.17%
3 Month3.81%
6 Month-13.42%
12 Month23.67%
2 Year88.01%
3 Year52.93%
5 Year139.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%2.64%
ATR Inc-4.89%
Range Today0.74
ADR(20)0.75
ADR(20)%2.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.97
Mansfield-0.77
10 Day High31.51
10 Day Low29.57
20 Day High31.51
20 Day Low28.99
52 Week High38.19
52 Week Low24.19
CS1 End29.98
CR1 Start30.37
Volume & EV
DER(3)1.38%
DER(5)1%
Volume165.50K
Volume Incr-5.74%
Vol(5)150.64K
Vol(50)192.14K