Taking everything into account, AMAL scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AMAL is only an average performer.
Although AMAL has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
25.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 31.98 to 32.05. 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 29.70 to 29.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.24 to 28.75. 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 25.87 to 26.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @36.70 from a horizontal 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 AMAL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMAL is up. |
| ChartMill Relative Strength | 72.18 | POSITIVE | AMAL has a high relative strength, it outperformed 72.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMAL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMAL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.38 | OVERBOUGHT | The high RSI value suggests AMAL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests AMAL has a positive trend. |
| Stochastics (14,3) | 97.4 | OVERBOUGHT | The high Stochastics value suggests AMAL may be overbought. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for AMAL suggests some volalility. |
| Average Directional Index/ADX (14) | 28.39 | POSITIVE | The high ADX value value for AMAL suggests a strong trend. |
33.55
+0.69 (+2.1%)
AMALGAMATED FINANCIAL CORP / AMAL FAQ
What is the technical rating for AMAL stock?
ChartMill assigns a technical rating of 8 / 10 to AMAL.
Can you provide the trend direction for AMALGAMATED FINANCIAL CORP?
The current trend direction for AMALGAMATED FINANCIAL CORP (AMAL) is Bullish.
What is the RSI signal for AMALGAMATED FINANCIAL CORP (AMAL) stock?
AMALGAMATED FINANCIAL CORP (AMAL) has an RSI value of 78.3832. This indicates that the stock is currently overbought.
Can you provide the MACD signal for AMALGAMATED FINANCIAL CORP?
The MACD indicator for AMALGAMATED FINANCIAL CORP (AMAL) has a value of 0.199321, indicating a bearish trend.
What is the short term momentum for AMAL stock?
The short term momentum for AMALGAMATED FINANCIAL CORP (AMAL) is positive.