AMES NATIONAL CORP (ATLO) Stock Technical Analysis
NASDAQ:ATLO - Nasdaq - US0310011004 - Common Stock - Currency: USD
Overall ATLO gets a technical rating of 7 out of 10. 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 14490 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
ATLO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ATLO is lagging the market slightly.
In the last month ATLO has a been trading in the 17.75 - 18.91 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
When comparing the performance of all stocks over the past year, ATLO turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
ATLO is part of the Banks industry. There are 392 other stocks in this industry, ATLO did better than 41% of them.
ATLO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 18.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.42, a Stop Loss order could be placed below this zone.
More info and screens
15.77
20.64
We found 4 important support areas.
- A support zone ranging from 17.97 to 18.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.48 from a horizontal line in the daily time frame.
- A support zone ranging from 17.14 to 17.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.93 to 16.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 18.77 to 18.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.44 from a trend 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 | 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 | 47.68 | NEUTRAL | ATLO is not amongst the best or worst performers 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) | 55.49 | NEUTRAL | The RSI value for ATLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ATLO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.4 | NEUTRAL | The Stochastics value for ATLO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for ATLO suggests some volalility. |
| Average Directional Index/ADX (14) | 11.11 | NEGATIVE | The low ADX value for ATLO 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)
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 |
|---|---|---|---|
| 18.82 | 17.96 | 0.86 (4.57%) | 21.88% |
| An entry @18.82. This is a Buy Stop order right above the resistance zone. | An exit @17.96. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.86 points, which is 4.57%. | For a 1.00% total portfolio risk, you can invest 21.88% 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.
18.51
-0.01 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.05%
1 Week2.78%
2 Weeks0.54%
1 Month2.32%
3 Month6.01%
6 Month1.87%
12 Month0.93%
2 Year3.12%
3 Year-15.32%
5 Year-7.22%
10 Year-21.8%
15 Year8.31%
Volatility
ATR(14)0.39
ATR(20)%2.05%
ATR Inc-39.25%
Range Today0.12
ADR(20)0.36
ADR(20)%1.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.68
Mansfield-0.43
10 Day High18.91
10 Day Low17.9
20 Day High18.91
20 Day Low17.75
52 Week High19.64
52 Week Low15.69
CS1 End18.42
CR1 Start18.77
Volume & EV
DER(3)-0.22%
DER(5)2.14%
Volume5.40K
Volume Incr-29.35%
Vol(5)10.24K
Vol(50)14.49K