AMBAC FINANCIAL GROUP INC (AMBC) Stock Technical Analysis
USA - NYSE:AMBC - US0231398845 - Common Stock
Overall AMBC gets a technical rating of 1 out of 10. AMBC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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 8.13, a Stop Loss order could be placed below this zone.
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6.68
When analyzing the support we can see 4 important areas.
- A support zone ranging from 8.00 to 8.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.38 from a trend line in the daily time frame.
- Support @7.15 from a trend line in the weekly time frame.
- Support @6.75 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 8.26 to 8.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.14 from a trend line in the weekly time frame.
- Resistance @9.31 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 AMBC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMBC is down. |
| ChartMill Relative Strength | 29.34 | NEGATIVE | AMBC has a low relative strength, it was outperformed by 70.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AMBC is below the rising 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) | 43.75 | NEUTRAL | The RSI value for AMBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AMBC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 37.35 | NEUTRAL | The Stochastics value for AMBC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for AMBC suggests some volalility. |
| Average Directional Index/ADX (14) | 10.78 | NEGATIVE | The low ADX value for AMBC suggests a weak or negative trend. |
8.18
-0.1 (-1.21%)
AMBAC FINANCIAL GROUP INC / AMBC FAQ
What is the technical rating for AMBC stock?
ChartMill assigns a technical rating of 1 / 10 to AMBC.
What is the trend direction for AMBC stock?
The current trend direction for AMBAC FINANCIAL GROUP INC (AMBC) is Bearish.
What is the RSI signal for AMBC stock?
AMBAC FINANCIAL GROUP INC (AMBC) has an RSI value of 43.7509. This indicates that the stock is currently neutral.
What is the MACD signal for AMBC stock?
The MACD indicator for AMBAC FINANCIAL GROUP INC (AMBC) has a value of 0.000626428, indicating a bearish trend.
Can you provide the support and resistance levels for AMBAC FINANCIAL GROUP INC?
AMBAC FINANCIAL GROUP INC (AMBC) has a support level at 8.13 and a resistance level at 8.26. Check the full technical report for our detailed analysis of AMBC support and resistance levels.