AMES NATIONAL CORP (ATLO) Technical Analysis
NASDAQ:ATLO • US0310011004
Current stock price
ATLO Technical Rating and Analysis
Taking everything into account, ATLO scores 9 out of 10 in our technical rating. In the last year, ATLO was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month ATLO has a been trading in the 25.95 - 28.19 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, ATLO did better than 89% of all other stocks. We also observe that the gains produced by ATLO over the past year are nicely spread over this period.
- ATLO is one of the better performing stocks in the Banks industry, it outperforms 97% of 381 stocks in the same industry.
- ATLO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ATLO is performing more or less in line with the market.
ATLO Weekly and Daily overview Charts
ATLO Setup Rating and Analysis
ATLO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 27.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.71, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
ATLO Support and Resistance Analysis
18.78
We found 3 important support areas.
- A support zone ranging from 25.76 to 26.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.77 to 23.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.97 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 27.95 to 27.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
ATLO 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 ATLO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ATLO is neutral. |
| ChartMill Relative Strength | 89.2 | POSITIVE | ATLO has a high relative strength, it outperformed 89.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ATLO is below a declining 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) | 53.55 | NEUTRAL | The RSI value for ATLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ATLO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.68 | NEUTRAL | The Stochastics value for ATLO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for ATLO suggests some volalility. |
| Average Directional Index/ADX (14) | 17.78 | NEGATIVE | The low ADX value for ATLO suggests a weak or negative trend. |
ATLO Chart- and CandleStick Pattern Analysis
ATLO Example Setup
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 |
|---|---|---|---|
| 27.97 | 25.94 | 2.03 (7.26%) | 13.78% |
| An entry @27.97. This is a Buy Stop order right above the resistance zone. | An exit @25.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.03 points, which is 7.26%. | When investing 13.78% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
ATLO Technicals: Chart, Performance Metrics, Trend & Indicators
27.01
+0.73 (+2.78%)
AMES NATIONAL CORP / ATLO TA FAQ
Can you provide the ChartMill technical rating for AMES NATIONAL CORP?
ChartMill assigns a technical rating of 9 / 10 to ATLO.
Can you provide the trend direction for AMES NATIONAL CORP?
The current trend direction for AMES NATIONAL CORP (ATLO) is Bullish.
What is the RSI signal for ATLO stock?
AMES NATIONAL CORP (ATLO) has an RSI value of 53.5534. This indicates that the stock is currently neutral.
What are the support and resistance levels for AMES NATIONAL CORP (ATLO) stock?
AMES NATIONAL CORP (ATLO) has a support level at 26.71 and a resistance level at 27.95. Check the full technical report for our detailed analysis of ATLO support and resistance levels.