Mercantil Bank Holding Cl B (AMTBB) Stock Technical Analysis
USA - NASDAQ:AMTBB -
We assign a technical rating of 10 out of 10 to AMTBB. Both in the recent history as in the last year, AMTBB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although AMTBB has an excellent technical rating, it does not offer a high 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
24.37
2 important support areas can be observed.
- 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.
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. |
NASDAQ:AMTBB (11/17/2021, 8:16:39 PM)
28.72
-0.33 (-1.14%)
Mercantil Bank Holding Cl B / AMTBB FAQ
What is the technical rating for AMTBB stock?
ChartMill assigns a technical rating of 10 / 10 to AMTBB.
What is the trend direction for 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.
Can you provide the short term momentum for Mercantil Bank Holding Cl B?
The short term momentum for Mercantil Bank Holding Cl B (AMTBB) is positive.
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.