AMBAC FINANCIAL GROUP INC (AMBC) Stock Technical Analysis
NYSE:AMBC - New York Stock Exchange, Inc. - US0231398845 - Common Stock - Currency: USD
Taking everything into account, AMBC scores 1 out of 10 in our technical rating. AMBC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
85% of all other stocks performed better in the past year than AMBC.
AMBC is one of the lesser performing stocks in the Insurance industry. 86% of 144 stocks in the same industry do better.
AMBC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month AMBC has a been trading in the 11.12 - 11.99 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is bad, AMBC does present a nice setup opportunity. 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 11.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.60, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AMBC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
10.66
13.32
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.52 to 11.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @11.21 from a horizontal line in the daily time frame.
- A support zone ranging from 10.97 to 11.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 10.77 to 10.78. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 11.67 to 11.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.21 from a trend line in the daily time frame.
- Resistance @13.19 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.69
Mansfield-1.75
10 Day High11.99
10 Day Low11.25
20 Day High11.99
20 Day Low11.12
52 Week High18.45
52 Week Low10.12
Performance
1 Week-0.43%
2 Weeks-0.51%
1 Month3.29%
3 Month-7.41%
6 Month1.04%
12 Month-30.08%
2 Year-29.79%
3 Year-9.43%
5 Year-39.54%
10 Year-53.31%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)49.71
LBB11.38
UBB11.79
11.62
+0.22 (+1.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.93%
1 Week-0.43%
2 Weeks-0.51%
1 Month3.29%
3 Month-7.41%
6 Month1.04%
12 Month-30.08%
2 Year-29.79%
3 Year-9.43%
5 Year-39.54%
10 Year-53.31%
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%2.76%
ATR Inc-5.22%
Range Today0.21
ADR(20)0.32
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.69
Mansfield-1.75
10 Day High11.99
10 Day Low11.25
20 Day High11.99
20 Day Low11.12
52 Week High18.45
52 Week Low10.12
CS1 End11.6
CR1 Start11.67
Volume & EV
DER(3)4.93%
DER(5)1.86%
Volume971.90K
Volume Incr28.89%
Vol(5)472.62K
Vol(50)529.04K