AMRC Technical Analysis - AMERESCO INC-CL A

Technical Rating and Analysis

Taking everything into account, AMRC scores 9 out of 10 in our technical rating. 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.

The long and short term trends are both positive. This is looking good!

AMRC is one of the better performing stocks in the Construction & Engineering industry, it outperforms 80% of 52 stocks in the same industry.

AMRC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AMRC is lagging the market slightly.

In the last month AMRC has a been trading in the 22.60 - 32.54 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, AMRC did better than 89% of all other 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 present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

19.13

31.12

2 important support areas can be observed.

Support @27.29 from a trend line in the daily time frame.
Support @19.32 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	89.4	POSITIVE	AMRC has a high relative strength, it outperformed 89.4% 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)	72.7	OVERBOUGHT	The high RSI value suggests AMRC may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.29	POSITIVE	The MACD value suggests AMRC has a positive trend.
Stochastics (14,3)	86.97	OVERBOUGHT	The high Stochastics value suggests AMRC may be overbought.
Average True Range in percent/ATR (20)	5.43	HIGH VOLATILITY	The high ATR as a percentage value for AMRC suggests high volalility.
Average Directional Index/ADX (14)	55.56	POSITIVE	The high ADX value value for AMRC suggests a strong trend.