AMS Technical Analysis - AMERICAN SHARED HOSPITAL SER

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to AMS. AMS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

84% of all other stocks performed better in the past year than AMS.

AMS is one of the lesser performing stocks in the Health Care Providers & Services industry. 64% of 101 stocks in the same industry do better.

AMS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month AMS has a been trading in the 2.39 - 3.11 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AMERICAN SHARED HOSPITAL SER / AMS Weekly stock chart

AMERICAN SHARED HOSPITAL SER / AMS Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, AMS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.41, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.30

3.45

We found 1 important support area.

A support zone ranging from 2.32 to 2.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 2.52 to 2.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 3.00 to 3.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @3.42 from a horizontal line in the weekly 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	NEUTRAL	NEUTRAL	The long term trend for AMS is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AMS is down.
ChartMill Relative Strength	16.52	NEGATIVE	AMS has a low relative strength, it was outperformed by 83.48% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of AMS is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of AMS is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of AMS is below a declining SMA(200).
Relative Strength Index/RSI (14)	44.52	NEUTRAL	The RSI value for AMS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests AMS has a negative trend.
Stochastics (14,3)	8.82	OVERSOLD	The low Stochastics value suggests AMS may be oversold.
Average True Range in percent/ATR (20)	6.68	HIGH VOLATILITY	The high ATR as a percentage value for AMS suggests high volalility.
Average Directional Index/ADX (14)	31.29	POSITIVE	The high ADX value value for AMS suggests a strong trend.