Affiliated Managers Group Inc
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|It was the negative week for the Affiliated Managers Group Inc (AMG). During the week, the AMG dropped -1.59 points, or -1.36%, and closed at 115.24 on Friday, November 09, 2018. Weekly volume was 7% above average. |
Long-term trend: [See AMG long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 115.97 and reached 216.99 on January 26, 2018. AMG gained -101.02 points, or -87.11%, in 102 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (171.89) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
Medium-term trend: [See AMG medium-term trend chart]
A medium-term downtrend had started on July 31, 2018 at 163.55 and reached 110.27 on October 29, 2018. AMG lost 53.28 points, or 32.58%, in 12 weeks. The price is now at the 9.33% retracement level.
Weekly Technical Indicators: [See AMG weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since September 21, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See AMG short-term trend chart]
A short-term uptrend had started on October 29, 2018 at 110.27 and reached 119.56 on November 2, 2018. AMG gained -9.29 points, or -8.42%, in 4 days. The price is now at the 46.50% retracement level.
Daily Technical Indicators: [See AMG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 1, 2018. This is an indication that the short-term trend is up.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.