AMALGAMATED FINANCIAL CORP (AMAL) Technical Analysis
NASDAQ:AMAL • US0226711010
Current stock price
AMAL Technical Rating and Analysis
Overall AMAL gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that AMAL is one of the better performing stocks in the market, outperforming 85% of all stocks.
- AMAL is one of the better performing stocks in the Banks industry, it outperforms 92% of 380 stocks in the same industry.
- AMAL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AMAL is performing more or less in line with the market.
- In the last month AMAL has a been trading in the 36.13 - 39.67 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 Weekly and Daily overview Charts
AMAL Setup Rating and Analysis
AMAL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 37.91, a Stop Loss order could be placed below this zone.
More info and screens
AMAL Support and Resistance Analysis
25.73
We found 4 important support areas.
- A support zone ranging from 36.94 to 37.91. This zone is formed by a combination of multiple trend lines and important moving averages 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.
- A support zone ranging from 25.99 to 26.13. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance 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.
AMAL Technical Indicator Signal Analysis
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 | 85.51 | POSITIVE | AMAL has a high relative strength, it outperformed 85.51% 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 | MIXED | The current price of AMAL is below 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) | 47.57 | NEUTRAL | The RSI value for AMAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests AMAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.36 | NEUTRAL | The Stochastics value for AMAL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for AMAL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.63 | NEGATIVE | The low ADX value for AMAL suggests a weak or negative trend. |
AMAL Chart- and CandleStick Pattern Analysis
AMAL Example Setup
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 |
|---|---|---|---|
| 39.25 | 36.93 | 2.32 (5.91%) | 16.92% |
| An entry @39.25. This is a Buy Stop order right above the 10 day high. | An exit @36.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.32 points, which is 5.91%. | When investing 16.92% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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
37.95
-0.39 (-1.02%)
AMALGAMATED FINANCIAL CORP / AMAL TA FAQ
What is the technical rating for AMAL stock?
ChartMill assigns a technical rating of 7 / 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 47.5681. 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 0.0271272, 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 37.91 and a resistance level at 41.4. Check the full technical report for our detailed analysis of AMAL support and resistance levels.