AMERISAFE INC (AMSF) Stock Technical Analysis
NASDAQ:AMSF - Nasdaq - US03071H1005 - Common Stock - Currency: USD
Overall AMSF gets a technical rating of 0 out of 10. AMSF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, AMSF is a bad performer in the overall market: 83% of all stocks are doing better.
AMSF is one of the lesser performing stocks in the Insurance industry. 75% of 146 stocks in the same industry do better.
AMSF is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
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.
Although the technical rating is bad, AMSF does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 43.67, a Stop Loss order could be placed below this zone.
More info and screens
42.53
52.29
We found 1 important support area.
- A support zone ranging from 42.96 to 43.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 44.30 to 44.64. 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 47.44 to 47.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 48.80 to 49.85. 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.
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 | 17.81 | NEGATIVE | AMSF has a low relative strength, it was outperformed by 82.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMSF is below a declining 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) | DOWN | NEGATIVE | The current price of AMSF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.64 | NEUTRAL | The RSI value for AMSF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests AMSF has a positive trend. |
| Stochastics (14,3) | 34.94 | NEUTRAL | The Stochastics value for AMSF is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for AMSF suggests low volalility. |
| Average Directional Index/ADX (14) | 48.63 | 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)
43.79
+0.68 (+1.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.58%
1 Week0.69%
2 Weeks-0.11%
1 Month-4.62%
3 Month-12.61%
6 Month-14.09%
12 Month1.72%
2 Year-15.98%
3 Year-3.88%
5 Year-31%
10 Year-12.51%
15 Year143.82%
Volatility
ATR(14)0.89
ATR(20)%2%
ATR Inc12.45%
Range Today0.69
ADR(20)0.85
ADR(20)%1.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.81
Mansfield-1.92
10 Day High44.54
10 Day Low42.48
20 Day High46.27
20 Day Low42.48
52 Week High60.24
52 Week Low42.48
CS1 End43.67
CR1 Start44.3
Volume & EV
DER(3)-2.05%
DER(5)-2.43%
Volume67.70K
Volume Incr-5.38%
Vol(5)139.56K
Vol(50)118.34K