AMERANT BANCORP INC (AMTB) Stock Technical Analysis
NYSE:AMTB - New York Stock Exchange, Inc. - US0235761014 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to AMTB. AMTB 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, AMTB is a bad performer in the overall market: 84% of all stocks are doing better.
AMTB is part of the Banks industry. There are 395 other stocks in this industry, of which 96% are performing better than AMTB.
AMTB 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 AMTB is lagging the market.
In the last month AMTB has a been trading in the 16.46 - 18.70 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The technical rating of AMTB is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
16.64
26.06
2 important support areas can be observed.
- Support @17.22 from a horizontal line in the weekly time frame.
- 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 can see 3 important resistance areas.
- A resistance zone ranging from 17.84 to 18.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.47 to 21.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.80 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 | DOWN | NEGATIVE | The long term trend for AMTB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMTB is neutral. |
| ChartMill Relative Strength | 16.78 | NEGATIVE | AMTB has a low relative strength, it was outperformed by 83.22% off all stocks 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) | DOWN | NEGATIVE | The current price of AMTB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMTB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.07 | NEUTRAL | The RSI value for AMTB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests AMTB has a positive trend. |
| Stochastics (14,3) | 40.06 | NEUTRAL | The Stochastics value for AMTB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for AMTB suggests some volalility. |
| Average Directional Index/ADX (14) | 13.38 | NEGATIVE | The low ADX value for AMTB suggests a weak or negative 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)
17.75
+0.34 (+1.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.95%
1 Week2.96%
2 Weeks-2.95%
1 Month5.4%
3 Month-22.69%
6 Month-28.63%
12 Month-19.46%
2 Year0.57%
3 Year-39.75%
5 Year36.12%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%3.01%
ATR Inc64.26%
Range Today1.14
ADR(20)0.49
ADR(20)%2.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.78
Mansfield-1.98
10 Day High18.49
10 Day Low16.89
20 Day High18.7
20 Day Low16.46
52 Week High27
52 Week Low16.21
CS1 End17.22
CR1 Start17.84
Volume & EV
DER(3)0.81%
DER(5)-0.34%
Volume130.70K
Volume Incr-29.37%
Vol(5)160.42K
Vol(50)202.21K