AMERIPRISE FINANCIAL INC (AMP) Stock Technical Analysis
NYSE:AMP • US03076C1062
Overall AMP gets a technical rating of 2 out of 10. AMP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, AMP is a bad performer in the overall market: 74% of all stocks are doing better.
- In the last month AMP has a been trading in the 451.96 - 550.18 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- AMP is part of the Capital Markets industry. There are 238 other stocks in this industry, AMP did better than 49% of them.
- AMP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMP is lagging the market.
The technical rating of AMP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
405.91
When analyzing the support we can see 2 important areas.
- Support @447.36 from a trend line in the weekly time frame.
- Support @410.01 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @489.28 from a horizontal line in the daily time frame.
- A resistance zone ranging from 498.60 to 515.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 543.00 to 543.30. 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 AMP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMP is down. |
| ChartMill Relative Strength | 26.72 | NEGATIVE | AMP has a low relative strength, it was outperformed by 73.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AMP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AMP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.63 | NEUTRAL | The RSI value for AMP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -7.09 | NEGATIVE | The MACD value suggests AMP has a negative trend. |
| Stochastics (14,3) | 13.38 | OVERSOLD | The low Stochastics value suggests AMP may be oversold. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for AMP suggests some volalility. |
| Average Directional Index/ADX (14) | 28.83 | POSITIVE | The high ADX value value for AMP suggests a strong trend. |
473.67
+6.37 (+1.36%)
AMERIPRISE FINANCIAL INC / AMP FAQ
What is the ChartMill technical rating of AMERIPRISE FINANCIAL INC (AMP) stock?
ChartMill assigns a technical rating of 2 / 10 to AMP.
What is the trend direction for AMP stock?
The current trend direction for AMERIPRISE FINANCIAL INC (AMP) is Bearish.
What is the RSI signal for AMP stock?
AMERIPRISE FINANCIAL INC (AMP) has an RSI value of 37.6328. 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 negative.
Can you provide the support and resistance levels for AMERIPRISE FINANCIAL INC?
AMERIPRISE FINANCIAL INC (AMP) has a support level at 447.36 and a resistance level at 489.28. Check the full technical report for our detailed analysis of AMP support and resistance levels.