Mercantil Bank Holding Cl B (AMTBB) Technical Analysis
NASDAQ:AMTBB
Current stock price
AMTBB Technical Rating and Analysis
Overall AMTBB gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AMTBB is showing a nice and steady performance.
- Warning: AMTBB has an average volume of 20227 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, AMTBB did better than 96% of all other stocks. On top of that, AMTBB also shows a nice and consistent pattern of rising prices.
- AMTBB is part of the Banks industry. There are 381 other stocks in this industry. AMTBB outperforms 100% of them.
- AMTBB is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AMTBB is leading the market.
- In the last month AMTBB has a been trading in the 24.40 - 29.05 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
AMTBB Weekly and Daily overview Charts
AMTBB Setup Rating and Analysis
Although AMTBB has an excellent technical rating, it does not present a decent entry opportunity 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
AMTBB Support and Resistance Analysis
24.37
When analyzing the support we can see 2 important areas.
- Support @26.06 from a trend line in the daily time frame.
- A support zone ranging from 24.62 to 25.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
AMTBB Technical Indicator Signal Analysis
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 AMTBB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMTBB is up. |
| ChartMill Relative Strength | 96.69 | POSITIVE | AMTBB has a high relative strength, it outperformed 96.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMTBB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMTBB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMTBB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.54 | OVERBOUGHT | The high RSI value suggests AMTBB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests AMTBB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.12 | OVERBOUGHT | The high Stochastics value suggests AMTBB may be overbought. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for AMTBB suggests some volalility. |
AMTBB Chart- and CandleStick Pattern Analysis
AMTBB Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:AMTBB (11/17/2021, 8:16:39 PM)
28.72
-0.33 (-1.14%)
Mercantil Bank Holding Cl B / AMTBB TA FAQ
What is the technical rating for AMTBB stock?
ChartMill assigns a technical rating of 10 / 10 to AMTBB.
What is the current trend direction of Mercantil Bank Holding Cl B (AMTBB) stock?
The current trend direction for Mercantil Bank Holding Cl B (AMTBB) is Bullish.
What is the RSI signal for Mercantil Bank Holding Cl B (AMTBB) stock?
Mercantil Bank Holding Cl B (AMTBB) has an RSI value of 72.5432. This indicates that the stock is currently overbought.
What is the MACD signal for AMTBB stock?
The MACD indicator for Mercantil Bank Holding Cl B (AMTBB) has a value of 0.172505, indicating a bearish trend.
What are the support and resistance levels for Mercantil Bank Holding Cl B (AMTBB) stock?
Mercantil Bank Holding Cl B (AMTBB) has a support level at 26.06. Check the full technical report for our detailed analysis of AMTBB support and resistance levels.