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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 -3.90 points, or -2.56%, and closed at 148.16 on Friday, August 10, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was 41% 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 (166.73) 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 January 26, 2018 at 216.99 and reached 145.00 on July 2, 2018. AMG lost 71.99 points, or 33.18%, in 22 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (136.36) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
Weekly Technical Indicators: [See AMG weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 and Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See AMG short-term trend chart]
A short-term downtrend had started on July 31, 2018 at 163.55 and reached 146.19 on August 10, 2018. AMG lost 17.36 points, or 10.61%, in 10 days. The price is now at the 11.35% retracement level.
Daily Technical Indicators: [See AMG daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.