AMRC Technical Analysis - AMERESCO INC-CL A

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to AMRC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AMRC is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

AMRC is one of the better performing stocks in the Construction & Engineering industry, it outperforms 94% of 54 stocks in the same industry.

AMRC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month AMRC has a been trading in the 28.37 - 44.93 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that AMRC is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AMERESCO INC-CL A / AMRC Weekly stock chart

AMERESCO INC-CL A / AMRC Daily stock chart

Setup Rating and Analysis

Although AMRC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

20.84

44.04

4 important support areas can be observed.

A support zone ranging from 41.53 to 41.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @38.17 from a horizontal line in the daily time frame.
Support @33.01 from a trend line in the daily time frame.
Support @21.05 from a trend line in the daily time frame.

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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	UP	POSITIVE	The long term trend for AMRC is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for AMRC is up.
ChartMill Relative Strength	94.84	POSITIVE	AMRC has a high relative strength, it outperformed 94.84% off all stocks 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)	UP	POSITIVE	The current price of AMRC is above the rising SMA(200).
Relative Strength Index/RSI (14)	75.11	OVERBOUGHT	The high RSI value suggests AMRC may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.24	POSITIVE	The MACD value suggests AMRC has a positive trend.
Stochastics (14,3)	73.64	NEUTRAL	The Stochastics value for AMRC is a neutral value.
Average True Range in percent/ATR (20)	5.92	HIGH VOLATILITY	The high ATR as a percentage value for AMRC suggests high volalility.
Average Directional Index/ADX (14)	67.91	POSITIVE	The high ADX value value for AMRC suggests a strong trend.