AFFILIATED MANAGERS GROUP (AMG) Stock Technical Analysis
USA - NYSE:AMG - US0082521081 - Common Stock
233.85 USD
-4.93 (-2.06%)
233.85 USD
0 (0%)
Taking everything into account, AMG scores 6 out of 10 in our technical rating. AMG has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
AMG is one of the better performing stocks in the Capital Markets industry, it outperforms 88% of 237 stocks in the same industry.
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.
Looking at the yearly performance, AMG did better than 79% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month AMG has a been trading in the 230.10 - 250.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AMG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 243.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 233.51, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
146.92
247.36
We found 2 important support areas.
- A support zone ranging from 230.77 to 233.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @148.40 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 243.05 to 244.91. 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 | 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 | 79.12 | POSITIVE | AMG has a high relative strength, it outperformed 79.12% 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) | 47.32 | NEUTRAL | The RSI value for AMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.12 | NEGATIVE | The MACD value suggests AMG has a negative trend. |
| Stochastics (14,3) | 44.43 | NEUTRAL | The Stochastics value for AMG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for AMG suggests some volalility. |
| Average Directional Index/ADX (14) | 26.89 | POSITIVE | The high ADX value value for AMG 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)
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 |
|---|---|---|---|
| 239.12 | 230.76 | 8.36 (3.50%) | 25.00% |
| An entry @239.12. This is a Buy Stop order right above the 10 day moving average. | An exit @230.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.36 points, which is 3.50%. | For a 0.87% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
233.85
-4.93 (-2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-2.06%
1 Week-3.3%
2 Weeks-1.14%
1 Month-4.29%
3 Month11.38%
6 Month49.82%
12 Month20.16%
2 Year90.49%
3 Year88.35%
5 Year210.27%
10 Year29.73%
15 Year173.16%
Volatility
ATR(14)7.37
ATR(20)%2.88%
ATR Inc24.61%
Range Today10.54
ADR(20)6.45
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.12
Mansfield1.15
10 Day High246.2
10 Day Low230.26
20 Day High250.15
20 Day Low230.1
52 Week High250.15
52 Week Low139.22
CS1 End233.51
CR1 Start243.05
Volume & EV
DER(3)1.22%
DER(5)0.47%
Volume204.20K
Volume Incr-18.03%
Vol(5)183.88K
Vol(50)194.36K