AMALGAMATED FINANCIAL CORP (AMAL) Stock Technical Analysis
NASDAQ:AMAL - Nasdaq - US0226711010 - Common Stock - Currency: USD
Overall AMAL gets a technical rating of 0 out of 10. AMAL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, AMAL is a bad performer in the overall market: 78% of all stocks are doing better.
AMAL is one of the lesser performing stocks in the Banks industry. 88% of 392 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 26.87 - 33.58 range, which is quite wide. It is currently trading near the lows of this range.
AMAL has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
25.61
33.68
When analyzing the support we can see 2 important areas.
- Support @27.30 from a trend line in the weekly time frame.
- 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.
4 important resistance areas can be observed.
- Resistance @29.70 from a horizontal line in the daily time frame.
- A resistance zone ranging from 30.30 to 30.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @32.52 from a trend line in the weekly time frame.
- A resistance zone ranging from 33.13 to 33.35. This zone is formed by a combination of multiple trend lines 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 | 22.56 | NEGATIVE | AMAL has a low relative strength, it was outperformed by 77.44% 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) | 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) | 31.46 | NEUTRAL | The RSI value for AMAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests AMAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.77 | OVERSOLD | The low Stochastics value suggests AMAL may be oversold. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for AMAL suggests some volalility. |
| Average Directional Index/ADX (14) | 38.15 | POSITIVE | The high ADX value value for AMAL suggests a strong 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)
27.89
+0.37 (+1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.34%
1 Week-2.17%
2 Weeks-7.22%
1 Month-14.5%
3 Month-7.89%
6 Month-20.99%
12 Month-3.36%
2 Year55.64%
3 Year23.96%
5 Year136.96%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.93
ATR(20)%3.26%
ATR Inc-32.98%
Range Today0.77
ADR(20)0.83
ADR(20)%2.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.56
Mansfield-1.97
10 Day High30.27
10 Day Low26.87
20 Day High33.58
20 Day Low26.87
52 Week High38.19
52 Week Low25.03
CS1 End27.3
CR1 Start29.7
Volume & EV
DER(3)1.66%
DER(5)2.76%
Volume142.81K
Volume Incr0.62%
Vol(5)190.38K
Vol(50)190.04K