AMES NATIONAL CORP (ATLO) Stock Technical Analysis
NASDAQ:ATLO - US0310011004 - Common Stock
20.7 USD
+0.42 (+2.07%)
20.7 USD
0 (0%)
We assign a technical rating of 8 out of 10 to ATLO. Although ATLO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: ATLO has an average volume of 12112 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.
A new 52 week high is currently being made by ATLO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month ATLO has a been trading in the 18.93 - 20.75 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that ATLO is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ATLO is an average performer in the Banks industry, it outperforms 59% of 391 stocks in the same industry.
ATLO has an excellent technical rating, but the quality of the setup is only medium 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
15.95
20.91
6 important support areas can be observed.
- A support zone ranging from 19.75 to 20.11. 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 18.90 to 19.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.91 to 18.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 17.31 to 17.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.52 from a horizontal line in the daily time frame.
- Support @16.11 from a horizontal line in the daily 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 ATLO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATLO is up. |
| ChartMill Relative Strength | 70.41 | POSITIVE | ATLO has a high relative strength, it outperformed 70.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATLO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATLO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATLO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.48 | OVERBOUGHT | The high RSI value suggests ATLO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ATLO has a positive trend. |
| Stochastics (14,3) | 93.65 | OVERBOUGHT | The high Stochastics value suggests ATLO may be overbought. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for ATLO suggests low volalility. |
| Average Directional Index/ADX (14) | 32.77 | POSITIVE | The high ADX value value for ATLO suggests a strong 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)
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 |
|---|---|---|---|
| 20.76 | 19.59 | 1.17 (5.64%) | 17.74% |
| An entry @20.76. This is a Buy Stop order right above the 10 day high. | An exit @19.59. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.17 points, which is 5.64%. | For a 1.00% total portfolio risk, you can invest 17.74% of your capital in this trade. |
- 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.
20.7
+0.42 (+2.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.07%
1 Week3.23%
2 Weeks4.11%
1 Month7.35%
3 Month16.38%
6 Month15.41%
12 Month12.16%
2 Year25.08%
3 Year-6.45%
5 Year22.85%
10 Year-9.51%
15 Year4.06%
Volatility
ATR(14)0.42
ATR(20)%1.78%
ATR Inc-24.5%
Range Today0.47
ADR(20)0.34
ADR(20)%1.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.41
Mansfield0.48
10 Day High20.75
10 Day Low19.6
20 Day High20.75
20 Day Low18.93
52 Week High20.75
52 Week Low15.69
CS1 End20.11
CR1 StartN/A
Volume & EV
DER(3)6.47%
DER(5)3.03%
Volume8.54K
Volume Incr20.54%
Vol(5)11.35K
Vol(50)12.11K