AMERANT BANCORP INC (AMTB) Stock Technical Analysis
NYSE:AMTB • US0235761014
Overall AMTB gets a technical rating of 7 out of 10. Although AMTB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- AMTB is one of the lesser performing stocks in the Banks industry. 62% of 379 stocks in the same industry do better.
- In the last month AMTB has a been trading in the 20.54 - 23.55 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- AMTB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AMTB is lagging the market slightly.
- When comparing the performance of all stocks over the past year, AMTB turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
AMTB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.35, a Stop Loss order could be placed below this zone.
More info and screens
16.41
We found 2 important support areas.
- A support zone ranging from 21.20 to 21.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.58 to 17.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 23.06 to 23.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.85 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for AMTB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMTB is neutral. |
| ChartMill Relative Strength | 54.45 | NEUTRAL | AMTB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AMTB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMTB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMTB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.44 | NEUTRAL | The RSI value for AMTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests AMTB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.72 | NEUTRAL | The Stochastics value for AMTB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for AMTB suggests some volalility. |
| Average Directional Index/ADX (14) | 21.85 | NEUTRAL | The ADX value for AMTB suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.06 | 21.19 | 0.87 (3.95%) | 25.00% |
| An entry @22.06. This is a Buy Stop order right above the 10 day moving average. | An exit @21.19. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.87 points, which is 3.95%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.99%. |
- The distance between exit and entry is rather small compared to the average daily movement of AMTB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
21.73
+0.38 (+1.78%)
AMERANT BANCORP INC / AMTB FAQ
What is the technical rating for AMTB stock?
ChartMill assigns a technical rating of 7 / 10 to AMTB.
What is the trend direction for AMTB stock?
The current trend direction for AMERANT BANCORP INC (AMTB) is Bullish.
Can you provide the RSI signal for AMERANT BANCORP INC?
AMERANT BANCORP INC (AMTB) has an RSI value of 48.4449. This indicates that the stock is currently neutral.
What is the short term momentum for AMERANT BANCORP INC (AMTB) stock?
The short term momentum for AMERANT BANCORP INC (AMTB) is neutral.
What are the support and resistance levels for AMERANT BANCORP INC (AMTB) stock?
AMERANT BANCORP INC (AMTB) has a support level at 21.35 and a resistance level at 23.06. Check the full technical report for our detailed analysis of AMTB support and resistance levels.