AMERIPRISE FINANCIAL INC (AMP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AMP - US03076C1062 - Common Stock
Taking everything into account, AMP scores 4 out of 10 in our technical rating. In the last year, AMP was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- When comparing the yearly performance of all stocks, AMP is a bad performer in the overall market: 72% of all stocks are doing better.
- 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!
- In the last month AMP has a been trading in the 487.00 - 517.74 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- AMP is part of the Capital Markets industry. There are 238 other stocks in this industry, AMP did better than 45% 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.
Although the technical rating is only medium, AMP does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 496.28, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AMP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
405.91
We found 3 important support areas.
- A support zone ranging from 482.71 to 496.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 445.69 to 451.15. 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 501.90 to 507.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 517.00 to 520.48. 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 AMP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMP is neutral. |
| ChartMill Relative Strength | 28.38 | NEGATIVE | AMP has a low relative strength, it was outperformed by 71.62% 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 | 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) | 49.7 | NEUTRAL | The RSI value for AMP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.55 | NEGATIVE | The MACD value suggests AMP has a negative trend. |
| Stochastics (14,3) | 48.3 | NEUTRAL | The Stochastics value for AMP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for AMP suggests some volalility. |
| Average Directional Index/ADX (14) | 22.32 | NEUTRAL | The ADX value for AMP suggests a possible start of a new trend. |
496.6
-11.47 (-2.26%)
AMERIPRISE FINANCIAL INC / AMP FAQ
What is the ChartMill technical rating of AMERIPRISE FINANCIAL INC (AMP) stock?
ChartMill assigns a technical rating of 4 / 10 to AMP.
What is the trend direction for AMP stock?
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 49.6954. 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 neutral.
Can you provide the support and resistance levels for AMERIPRISE FINANCIAL INC?
AMERIPRISE FINANCIAL INC (AMP) has a support level at 496.28 and a resistance level at 501.9. Check the full technical report for our detailed analysis of AMP support and resistance levels.