AFFILIATED MANAGERS GROUP (AMG) Technical Analysis
NYSE:AMG • US0082521081
Current stock price
AMG Technical Rating and Analysis
Overall AMG gets a technical rating of 4 out of 10. Although AMG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- AMG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- When comparing the yearly performance of all stocks, we notice that AMG is one of the better performing stocks in the market, outperforming 87% of all stocks. On top of that, AMG also shows a nice and consistent pattern of rising prices.
- AMG is one of the better performing stocks in the Capital Markets industry, it outperforms 91% of 239 stocks in the same industry.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- AMG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AMG is lagging the market slightly.
AMG Weekly and Daily overview Charts
AMG Setup Rating and Analysis
Although the technical rating is only medium, AMG 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 274.66, a Stop Loss order could be placed below this zone.
More info and screens
AMG Support and Resistance Analysis
146.92
We found 2 important support areas.
- A support zone ranging from 270.42 to 274.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @148.40 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 276.42 to 288.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @329.57 from a horizontal line in the daily time frame.
AMG Technical Indicator Signal Analysis
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 AMG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMG is down. |
| ChartMill Relative Strength | 87.04 | POSITIVE | AMG has a high relative strength, it outperformed 87.04% 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) | DOWN | NEGATIVE | The current price of AMG is below a declining 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) | 40.61 | NEUTRAL | The RSI value for AMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests AMG has a positive trend. |
| Stochastics (14,3) | 40.63 | NEUTRAL | The Stochastics value for AMG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for AMG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.21 | NEUTRAL | The ADX value for AMG suggests a possible start of a new trend. |
AMG Chart- and CandleStick Pattern Analysis
AMG Technicals: Chart, Performance Metrics, Trend & Indicators
276.34
-4.32 (-1.54%)
AFFILIATED MANAGERS GROUP / AMG TA FAQ
What is the ChartMill technical rating of AFFILIATED MANAGERS GROUP (AMG) stock?
ChartMill assigns a technical rating of 4 / 10 to AMG.
Can you provide the trend direction for AFFILIATED MANAGERS GROUP?
The current trend direction for AFFILIATED MANAGERS GROUP (AMG) is Bearish.
Can you provide the RSI signal for AFFILIATED MANAGERS GROUP?
AFFILIATED MANAGERS GROUP (AMG) has an RSI value of 40.6147. 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 0.357056, indicating a bearish trend.