AMERESCO INC-CL A (AMRC) Technical Analysis
NYSE:AMRC • US02361E1082
Current stock price
AMRC Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to AMRC. Although AMRC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, we notice that AMRC is one of the better performing stocks in the market, outperforming 93% of all stocks.
- AMRC is one of the better performing stocks in the Construction & Engineering industry, it outperforms 70% of 56 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 23.20 - 29.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AMRC Weekly and Daily overview Charts
AMRC Setup Rating and Analysis
AMRC has an average technical rating and also the quality of the setup is only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
AMRC Support and Resistance Analysis
23.76
3 important support areas can be observed.
- A support zone ranging from 26.03 to 26.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @24.59 from a horizontal line in the weekly time frame.
- A support zone ranging from 24.00 to 24.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 28.75 to 28.77. 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 30.09 to 30.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.14 from a horizontal line in the daily time frame.
AMRC 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 | DOWN | NEGATIVE | The long term trend for AMRC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMRC is neutral. |
| ChartMill Relative Strength | 93.65 | POSITIVE | AMRC has a high relative strength, it outperformed 93.65% 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) | DOWN | NEGATIVE | The current price of AMRC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AMRC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.55 | 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) | 45.38 | NEUTRAL | The Stochastics value for AMRC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.9 | HIGH VOLATILITY | The high ATR as a percentage value for AMRC suggests high volalility. |
| Average Directional Index/ADX (14) | 33.29 | POSITIVE | The high ADX value value for AMRC suggests a strong trend. |
AMRC Chart- and CandleStick Pattern Analysis
AMRC Technicals: Chart, Performance Metrics, Trend & Indicators
26.4
+0.4 (+1.54%)
AMERESCO INC-CL A / AMRC TA FAQ
What is the ChartMill technical rating of AMERESCO INC-CL A (AMRC) stock?
ChartMill assigns a technical rating of 4 / 10 to AMRC.
What is the trend direction for AMRC stock?
The current trend direction for AMERESCO INC-CL A (AMRC) is Bearish.
Can you provide the RSI signal for AMERESCO INC-CL A?
AMERESCO INC-CL A (AMRC) has an RSI value of 48.5539. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AMERESCO INC-CL A?
The MACD indicator for AMERESCO INC-CL A (AMRC) has a value of 0.163064, indicating a bearish trend.
Can you provide the support and resistance levels for AMERESCO INC-CL A?
AMERESCO INC-CL A (AMRC) has a support level at 26.4 and a resistance level at 28.75. Check the full technical report for our detailed analysis of AMRC support and resistance levels.