AMERISAFE INC (AMSF) Stock Technical Analysis
NASDAQ:AMSF - Nasdaq - US03071H1005 - Common Stock - Currency: USD
Overall AMSF gets a technical rating of 1 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.
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, AMSF is a bad performer in the overall market: 82% of all stocks are doing better.
AMSF is one of the lesser performing stocks in the Insurance industry. 77% of 143 stocks in the same industry do better.
AMSF 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 AMSF has a been trading in the 42.48 - 46.72 range, which is quite wide. It is currently trading near the high of this range.
The technical rating of AMSF is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
41.90
53.60
We found 1 important support area.
- A support zone ranging from 42.32 to 45.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- Resistance @46.32 from a trend line in the weekly time frame.
- Resistance @47.77 from a trend line 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 | NEUTRAL | NEUTRAL | The short term trend for AMSF is neutral. |
| ChartMill Relative Strength | 18.84 | NEGATIVE | AMSF has a low relative strength, it was outperformed by 81.16% off all stocks 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 | MIXED | The current price of AMSF is above 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) | 60.71 | NEUTRAL | The RSI value for AMSF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests AMSF has a positive trend. |
| Stochastics (14,3) | 49.63 | NEUTRAL | The Stochastics value for AMSF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for AMSF suggests some volalility. |
| Average Directional Index/ADX (14) | 27.58 | 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)
46.23
+2.65 (+6.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg6.08%
1 Week2.32%
2 Weeks4.69%
1 Month6.3%
3 Month-5.44%
6 Month-8.02%
12 Month-8.67%
2 Year-11.3%
3 Year1.47%
5 Year-27.15%
10 Year-7.63%
15 Year157.41%
Volatility
ATR(14)1.02
ATR(20)%2.14%
ATR Inc121.86%
Range Today2.37
ADR(20)0.95
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.84
Mansfield-1.54
10 Day High46.72
10 Day Low43.44
20 Day High46.72
20 Day Low42.48
52 Week High60.24
52 Week Low42.48
CS1 End45.14
CR1 Start46.32
Volume & EV
DER(3)1.83%
DER(5)0.53%
Volume226.70K
Volume Incr21.13%
Vol(5)172.20K
Vol(50)128.85K