AMBAC FINANCIAL GROUP INC (AMBC) Stock Technical Analysis
NYSE:AMBC - New York Stock Exchange, Inc. - US0231398845 - Common Stock - Currency: USD
Overall AMBC gets a technical rating of 0 out of 10. AMBC'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.
When comparing the yearly performance of all stocks, AMBC is a bad performer in the overall market: 93% of all stocks are doing better.
AMBC is one of the lesser performing stocks in the Insurance industry. 92% of 143 stocks in the same industry do better.
AMBC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AMBC is lagging the market.
AMBC has an average volume of 1308400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month AMBC has a been trading in the 5.99 - 8.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, AMBC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.73, a Stop Loss order could be placed below this zone.
More info and screens
6.48
9.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.56 to 7.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.55 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 7.85 to 7.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 8.18 to 8.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.36 to 8.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.87 from a trend line in the weekly 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 AMBC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMBC is down. |
| ChartMill Relative Strength | 7.68 | NEGATIVE | AMBC has a low relative strength, it was outperformed by 92.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMBC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMBC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMBC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.82 | NEUTRAL | The RSI value for AMBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AMBC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.89 | NEUTRAL | The Stochastics value for AMBC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.92 | HIGH VOLATILITY | The high ATR as a percentage value for AMBC suggests high volalility. |
| Average Directional Index/ADX (14) | 17.52 | NEGATIVE | The low ADX value for AMBC 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)
7.74
-0.04 (-0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.51%
1 Week-3.73%
2 Weeks-5.72%
1 Month-3.13%
3 Month-33.39%
6 Month-38.33%
12 Month-55.23%
2 Year-44.44%
3 Year-27.73%
5 Year-42.32%
10 Year-66.89%
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%5.92%
ATR Inc-29.88%
Range Today0.22
ADR(20)0.41
ADR(20)%5.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.68
Mansfield-3.13
10 Day High8.5
10 Day Low5.99
20 Day High8.58
20 Day Low5.99
52 Week High18.4
52 Week Low5.99
CS1 End7.73
CR1 Start7.85
Volume & EV
DER(3)-1.11%
DER(5)1.39%
Volume891.25K
Volume Incr-26.51%
Vol(5)853.60K
Vol(50)1.31M