AMERIPRISE FINANCIAL INC (AMP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AMP - US03076C1062 - Common Stock
We assign a technical rating of 6 out of 10 to AMP. AMP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, AMP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 499.59. Right above this resistance zone may be a good entry point.
More info and screens
405.91
We found 3 important support areas.
- A support zone ranging from 483.26 to 494.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 444.01 to 444.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @410.01 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 499.59 to 504.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @523.15 from a trend line in the weekly 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 AMP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMP is up. |
| ChartMill Relative Strength | 32.8 | NEUTRAL | AMP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.59 | NEUTRAL | The RSI value for AMP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests AMP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.55 | NEUTRAL | The Stochastics value for AMP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for AMP suggests low volalility. |
| Average Directional Index/ADX (14) | 30.19 | POSITIVE | The high ADX value value for AMP 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 |
|---|---|---|---|
| 504.47 | 485.28 | 19.19 (3.80%) | 25.00% |
| An entry @504.47. This is a Buy Stop order right above the resistance zone. | An exit @485.28. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 19.19 points, which is 3.80%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.95%. |
- 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.
494.47
-3.31 (-0.66%)
AMERIPRISE FINANCIAL INC / AMP FAQ
What is the ChartMill technical rating of AMERIPRISE FINANCIAL INC (AMP) stock?
ChartMill assigns a technical rating of 6 / 10 to AMP.
Can you provide the trend direction for AMERIPRISE FINANCIAL INC?
The current trend direction for AMERIPRISE FINANCIAL INC (AMP) is Bullish.
What is the RSI signal for AMP stock?
AMERIPRISE FINANCIAL INC (AMP) has an RSI value of 60.5898. This indicates that the stock is currently neutral.
What is the short term momentum for AMERIPRISE FINANCIAL INC (AMP) stock?
The short term momentum for AMERIPRISE FINANCIAL INC (AMP) is positive.
What are the support and resistance levels for AMERIPRISE FINANCIAL INC (AMP) stock?
AMERIPRISE FINANCIAL INC (AMP) has a support level at 494.03 and a resistance level at 499.59. Check the full technical report for our detailed analysis of AMP support and resistance levels.