AMALGAMATED FINANCIAL - Daily - Technical analysis published on 09/05/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 16.59 USD
My targets
15.51 USD (-0.39%)
15.00 USD (-3.66%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AMALGAMATED BANK as long as the price remains well below 16.59 USD. The sellers” bearish objective is set at 15.51 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15.00 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AMALGAMATED BANK rating 15.57 USD. The price registered a decrease of -0.64% on the session and was between 15.52 USD and 16.17 USD. This implies that the price is at +0.32% from its lowest and at -3.71% from its highest.15.52
16.17
15.57
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this AMALGAMATED BANK chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 15.00 | 15.51 | 15.57 | 16.59 | 18.13 | 19.87 |
| Change (%) | -3.66% | -0.39% | - | +6.55% | +16.44% | +27.62% |
| Change | -0.57 | -0.06 | - | +1.02 | +2.56 | +4.30 |
| Level | Major | Intermediate | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.81 | 15.14 | 15.40 | 15.73 | 15.99 | 16.32 | 16.58 |
| Camarilla | 15.51 | 15.56 | 15.62 | 15.67 | 15.72 | 15.78 | 15.83 |
| Woodie | 14.79 | 15.12 | 15.38 | 15.71 | 15.97 | 16.30 | 16.56 |
| Fibonacci | 15.14 | 15.36 | 15.50 | 15.73 | 15.95 | 16.09 | 16.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.23 | 14.69 | 15.37 | 15.83 | 16.51 | 16.97 | 17.65 |
| Camarilla | 15.74 | 15.84 | 15.95 | 16.05 | 16.15 | 16.26 | 16.36 |
| Woodie | 14.34 | 14.75 | 15.48 | 15.89 | 16.62 | 17.03 | 17.76 |
| Fibonacci | 14.69 | 15.13 | 15.40 | 15.83 | 16.27 | 16.54 | 16.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.96 | 13.45 | 14.75 | 16.24 | 17.54 | 19.03 | 20.33 |
| Camarilla | 15.28 | 15.54 | 15.79 | 16.05 | 16.31 | 16.56 | 16.82 |
| Woodie | 11.87 | 13.40 | 14.66 | 16.19 | 17.45 | 18.98 | 20.24 |
| Fibonacci | 13.45 | 14.52 | 15.17 | 16.24 | 17.31 | 17.96 | 19.03 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.81 | |
| MACD (12,26,9): | -0.2100 | |
| Directional Movement: | -0.80 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 15.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.45 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 16.59 | |
| Zig ZAG (10): | 15.57 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 60.99 | |
| TEMA (21): | 15.57 | |
| Williams %R (14): | -53.33 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | -4.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2800 | |
| Courbe Coppock: | 1.01 |
| MA7: | 15.76 | |
| MA20: | 15.67 | |
| MA50: | 16.57 | |
| MA100: | 16.75 | |
| MAexp7: | 15.73 | |
| MAexp20: | 15.85 | |
| MAexp50: | 16.29 | |
| MAexp100: | 16.67 | |
| Price / MA7: | -1.21% | |
| Price / MA20: | -0.64% | |
| Price / MA50: | -6.04% | |
| Price / MA100: | -7.04% | |
| Price / MAexp7: | -1.02% | |
| Price / MAexp20: | -1.77% | |
| Price / MAexp50: | -4.42% | |
| Price / MAexp100: | -6.60% |
News
The latest news and videos published on AMALGAMATED BANK at the time of the analysis were as follows:
- Amalgamated Bank Announces Conference Participation
- Amalgamated Bank Declares Regular Quarterly Dividend
- Amalgamated Bank Announces Second Quarter 2019 Earnings Conference Call
- Amalgamated Bank Announces $25 Million Share Repurchase Program
- Amalgamated Bank Declares Regular Quarterly Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
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