AMERESCO INC-CL A (AMRC) Stock Technical Analysis
NYSE:AMRC - New York Stock Exchange, Inc. - US02361E1082 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to AMRC. In the past year, AMRC was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month AMRC has a been trading in the 14.08 - 18.65 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that AMRC is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
AMRC is part of the Construction & Engineering industry. There are 49 other stocks in this industry, AMRC did better than 43% of them.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
AMRC has an average technical rating and it also does not offer a high 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
15.00
18.15
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.96 to 16.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 15.15 to 15.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 17.97 to 17.97. 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 AMRC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMRC is up. |
| ChartMill Relative Strength | 73.43 | POSITIVE | AMRC has a high relative strength, it outperformed 73.43% 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) | DOWN | NEGATIVE | The current price of AMRC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.76 | NEUTRAL | The RSI value for AMRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests AMRC has a positive trend. |
| Stochastics (14,3) | 88.04 | OVERBOUGHT | The high Stochastics value suggests AMRC may be overbought. |
| Average True Range in percent/ATR (20) | 5.44 | HIGH VOLATILITY | The high ATR as a percentage value for AMRC suggests high volalility. |
| Average Directional Index/ADX (14) | 21.43 | NEUTRAL | The ADX value for AMRC suggests a possible start of a new 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)
17.96
+0.2 (+1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg1.13%
1 Week6.84%
2 Weeks15.42%
1 Month13.17%
3 Month79.78%
6 Month-30.04%
12 Month-46.08%
2 Year-69.15%
3 Year-68.61%
5 Year-35.12%
10 Year160.29%
15 Year79.6%
Volatility
ATR(14)1.01
ATR(20)%5.44%
ATR Inc65.54%
Range Today1.54
ADR(20)0.94
ADR(20)%5.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.43
Mansfield-2.53
10 Day High18.65
10 Day Low14.68
20 Day High18.65
20 Day Low14.08
52 Week High39.68
52 Week Low8.49
CS1 End16.1
CR1 Start17.97
Volume & EV
DER(3)7.59%
DER(5)5.26%
Volume1.57M
Volume Incr71.81%
Vol(5)755.08K
Vol(50)550.55K