AMERANT BANCORP INC (AMTB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AMTB - US0235761014 - Common Stock
Taking everything into account, AMTB scores 7 out of 10 in our technical rating. AMTB has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The long and short term trends are both positive. This is looking good!
- When compared to the yearly performance of all other stocks, AMTB outperforms 60% of them, which is more or less in line with the market.
- AMTB is an average performer in the Banks industry, it outperforms 43% of 383 stocks in the same industry.
- AMTB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMTB is lagging the market.
- In the last month AMTB has a been trading in the 19.27 - 22.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, AMTB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 20.75, a Stop Loss order could be placed below this zone.
More info and screens
16.64
We found 3 important support areas.
- A support zone ranging from 20.57 to 20.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 19.51 to 19.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.81 to 16.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 21.50 to 21.65. 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 | UP | POSITIVE | The long term trend for AMTB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMTB is up. |
| ChartMill Relative Strength | 60.84 | NEUTRAL | AMTB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMTB is above 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) | 53.87 | NEUTRAL | The RSI value for AMTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests AMTB has a negative trend. |
| Stochastics (14,3) | 40.76 | NEUTRAL | The Stochastics value for AMTB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for AMTB suggests some volalility. |
| Average Directional Index/ADX (14) | 23.88 | 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 |
|---|---|---|---|
| 21.66 | 20.56 | 1.10 (5.08%) | 19.69% |
| An entry @21.66. This is a Buy Stop order right above the resistance zone. | An exit @20.56. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.10 points, which is 5.08%. | When investing 19.69% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
20.88
+0.03 (+0.14%)
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 53.8732. 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 positive.
What are the support and resistance levels for AMERANT BANCORP INC (AMTB) stock?
AMERANT BANCORP INC (AMTB) has a support level at 20.75 and a resistance level at 21.5. Check the full technical report for our detailed analysis of AMTB support and resistance levels.