AMBAC FINANCIAL GROUP INC (AMBC) Stock Technical Analysis
NYSE:AMBC - US0231398845 - Common Stock
8.85 USD
+0.14 (+1.61%)
8.85 USD
0 (0%)
Taking everything into account, AMBC scores 6 out of 10 in our technical rating. In the last year, AMBC was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
80% of all other stocks performed better in the past year than AMBC.
AMBC is one of the lesser performing stocks in the Insurance industry. 67% of 143 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month AMBC has a been trading in the 6.86 - 9.09 range, which is quite wide. It is currently trading near the high of this range.
AMBC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMBC is lagging the market.
Considerably lower volume is observed in the last couple of days.
AMBC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 8.86. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for AMBC in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.48
9.06
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.89 to 8.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.95 to 7.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.75 from a horizontal line in the daily time frame.
- Support @6.55 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.86 to 8.97. 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 AMBC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMBC is up. |
| ChartMill Relative Strength | 20.42 | NEGATIVE | AMBC has a low relative strength, it was outperformed by 79.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMBC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMBC is above the rising 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) | 61.72 | NEUTRAL | The RSI value for AMBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests AMBC has a positive trend. |
| Stochastics (14,3) | 91.73 | OVERBOUGHT | The high Stochastics value suggests AMBC may be overbought. |
| Average True Range in percent/ATR (20) | 4.57 | MEDIUM VOLATILITY | The ATR as a percentage value for AMBC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.45 | NEUTRAL | The ADX value for AMBC suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 8.98 | 7.84 | 1.14 (12.69%) | 7.88% |
| An entry @8.98. This is a Buy Stop order right above the resistance zone. | An exit @7.84. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.14 points, which is 12.69%. | When investing 7.88% 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.
8.85
+0.14 (+1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.61%
1 Week4.24%
2 Weeks7.66%
1 Month4.98%
3 Month13.03%
6 Month-8.86%
12 Month-24.36%
2 Year-31.29%
3 Year-41.35%
5 Year-29.93%
10 Year-45.54%
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%4.57%
ATR Inc-25.29%
Range Today0.43
ADR(20)0.39
ADR(20)%4.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.42
Mansfield-1.75
10 Day High9.09
10 Day Low7.85
20 Day High9.09
20 Day Low6.86
52 Week High13.64
52 Week Low5.99
CS1 End8.09
CR1 Start8.86
Volume & EV
DER(3)3.7%
DER(5)3.66%
Volume705.02K
Volume Incr-35.11%
Vol(5)546.58K
Vol(50)930.59K