AFFILIATED MANAGERS GROUP (AMG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:AMG • US0082521081
Taking everything into account, AMG scores 9 out of 10 in our technical rating. In the last year, AMG was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, AMG did better than 91% of all other stocks. We also observe that the gains produced by AMG over the past year are nicely spread over this period.
- AMG is part of the Capital Markets industry. There are 239 other stocks in this industry. AMG outperforms 93% of them.
- AMG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AMG is lagging the market slightly.
- In the last month AMG has a been trading in the 294.14 - 334.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, AMG also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 305.49, a Stop Loss order could be placed below this zone.
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146.92
4 important support areas can be observed.
- A support zone ranging from 301.54 to 305.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @275.62 from a trend line in the daily time frame.
- Support @262.12 from a trend line in the daily time frame.
- Support @148.40 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 308.75 to 314.68. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for AMG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMG is neutral. |
| ChartMill Relative Strength | 91.34 | POSITIVE | AMG has a high relative strength, it outperformed 91.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.87 | NEUTRAL | The RSI value for AMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.07 | NEGATIVE | The MACD value suggests AMG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.26 | NEUTRAL | The Stochastics value for AMG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for AMG suggests some volalility. |
| Average Directional Index/ADX (14) | 31.14 | POSITIVE | The high ADX value value for AMG suggests a strong trend. |
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 |
|---|---|---|---|
| 314.69 | 301.53 | 13.16 (4.18%) | 23.91% |
| An entry @314.69. This is a Buy Stop order right above the resistance zone. | An exit @301.53. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 13.16 points, which is 4.18%. | When investing 23.91% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of AMG. Please evaluate whether better entry and exit points can be found.
- 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.
305.5
+3.95 (+1.31%)
AFFILIATED MANAGERS GROUP / AMG FAQ
What is the ChartMill technical rating of AFFILIATED MANAGERS GROUP (AMG) stock?
ChartMill assigns a technical rating of 9 / 10 to AMG.
Can you provide the trend direction for AFFILIATED MANAGERS GROUP?
The current trend direction for AFFILIATED MANAGERS GROUP (AMG) is Bullish.
Can you provide the RSI signal for AFFILIATED MANAGERS GROUP?
AFFILIATED MANAGERS GROUP (AMG) has an RSI value of 48.8735. This indicates that the stock is currently neutral.
What is the MACD signal for AMG stock?
The MACD indicator for AFFILIATED MANAGERS GROUP (AMG) has a value of -3.07027, indicating a bearish trend.