AMERISAFE INC (AMSF) Stock Technical Analysis
NASDAQ:AMSF - Nasdaq - US03071H1005 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to AMSF. AMSF has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
AMSF is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AMSF is lagging the market.
AMSF is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When comparing the performance of all stocks over the past year, AMSF turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
AMSF is an average performer in the Insurance industry, it outperforms 47% of 143 stocks in the same industry.
Although the technical rating is bad, AMSF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 48.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.29, a Stop Loss order could be placed below this zone.
More info and screens
45.37
53.60
When analyzing the support we can see 2 important areas.
- A support zone ranging from 47.02 to 47.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @45.83 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 48.62 to 49.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 50.12 to 50.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @51.77 from a horizontal line in the daily time frame.
- A resistance zone ranging from 52.68 to 53.07. 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 | DOWN | NEGATIVE | The long term trend for AMSF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMSF is down. |
| ChartMill Relative Strength | 51.9 | NEUTRAL | AMSF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMSF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMSF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AMSF is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.34 | NEUTRAL | The RSI value for AMSF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests AMSF has a positive trend. |
| Stochastics (14,3) | 44.8 | NEUTRAL | The Stochastics value for AMSF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for AMSF suggests some volalility. |
| Average Directional Index/ADX (14) | 32.65 | POSITIVE | The high ADX value value for AMSF suggests a strong 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)
47.47
+0.31 (+0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.66%
1 Week2.37%
2 Weeks-0.11%
1 Month3.58%
3 Month-7.75%
6 Month-19.57%
12 Month8.3%
2 Year-7.03%
3 Year-5.81%
5 Year-22.66%
10 Year11.07%
15 Year180.89%
Volatility
ATR(14)1.04
ATR(20)%2.45%
ATR Inc-25.15%
Range Today0.63
ADR(20)1.14
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.9
Mansfield-0.77
10 Day High48.54
10 Day Low45.8
20 Day High48.54
20 Day Low45.72
52 Week High60.24
52 Week Low41.97
CS1 End47.29
CR1 Start48.62
Volume & EV
DER(3)-0.83%
DER(5)-0.22%
Volume83.30K
Volume Incr-15.82%
Vol(5)76.98K
Vol(50)105.02K