AMERESCO INC-CL A (AMRC) Stock Technical Analysis
NYSE:AMRC - New York Stock Exchange, Inc. - US02361E1082 - Common Stock - Currency: USD
Overall AMRC gets a technical rating of 7 out of 10. In the last year, AMRC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, AMRC outperforms 69% of them, which is more or less in line with the market.
AMRC is an average performer in the Construction & Engineering industry, it outperforms 41% of 49 stocks in the same industry.
AMRC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMRC is lagging the market.
In the last month AMRC has a been trading in the 15.52 - 25.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AMRC has an excellent technical rating, but the quality of the setup is only medium 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
16.22
24.96
We found 1 important support area.
- A support zone ranging from 16.38 to 16.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @24.71 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for AMRC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMRC is up. |
| ChartMill Relative Strength | 69.48 | NEUTRAL | AMRC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMRC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMRC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AMRC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.35 | NEUTRAL | The RSI value for AMRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests AMRC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.6 | NEUTRAL | The Stochastics value for AMRC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.29 | HIGH VOLATILITY | The high ATR as a percentage value for AMRC suggests high volalility. |
| Average Directional Index/ADX (14) | 28.6 | POSITIVE | The high ADX value value for AMRC 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)
20.11
+0.1 (+0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg0.5%
1 Week26.72%
2 Weeks10.98%
1 Month11.97%
3 Month50.52%
6 Month-2.99%
12 Month-24.74%
2 Year-53.76%
3 Year-70.79%
5 Year-41.1%
10 Year254.67%
15 Year65.11%
Volatility
ATR(14)1.91
ATR(20)%8.29%
ATR Inc-24.84%
Range Today0.94
ADR(20)1.43
ADR(20)%7.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.48
Mansfield-1.38
10 Day High25.07
10 Day Low15.52
20 Day High25.07
20 Day Low15.52
52 Week High39.68
52 Week Low8.49
CS1 End16.83
CR1 Start24.71
Volume & EV
DER(3)-0.31%
DER(5)1.34%
Volume624.70K
Volume Incr63.33%
Vol(5)1.36M
Vol(50)696.80K