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Asset Management & Custody Banks Industry Stocks Technical Analysis - AMP

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- 11/15/2024 -
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Ameriprise Financial (AMP) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
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It was a third consecutive positive week for the Ameriprise Financial (AMP). During the week, the AMP gained 11.70 points, or 2.12%, and closed at 563.70 on Friday, November 15, 2024. AMP was trading at average weekly trading volume.

AMP is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AMP long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 11.74 and reached 569.50 on November 6, 2024. AMP gained -557.76 points, or -4750.94%, in 832 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (153.90) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 long-term trend.

Medium-term trend: [See AMP medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 80.01 and reached 569.50 on November 6, 2024. AMP gained -489.49 points, or -611.79%, in 242 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (370.42) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 AMP weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and 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 above its signal line since September 13, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See AMP short-term trend chart]
A short-term uptrend had started on October 25, 2023 at 306.63 and reached 569.50 on November 6, 2024. AMP gained -262.87 points, or -85.73%, in 378 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (472.21) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See AMP daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since November 5, 2024. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.40
Williams' Percentage Range (W%R) 8.90
Strong Overbought
Lane's Stochastic (%D-Slow) 89.06
Overbought
Greed/Fear Indicator (GFI) 83.87
Overbought
Moving Average Converg./Diverg. (MACD) 16.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.82
Overbought
Williams' Percentage Range (W%R) 4.00
Strong Overbought
Lane's Stochastic (%D-Slow) 91.69
Strong Overbought
Greed/Fear Indicator (GFI) 86.15
Overbought
Moving Average Converg./Diverg. (MACD) 21.40
Trading Signals
Description Value Chart
Upper Bollinger Band 581.81
Daily Stochastic Crossing 566.67
Price 563.70
Weekly Stochastic Crossing 558.69
20 Day Moving Average 531.53
Weekly Trendline Resistance 505.19
Parabolic System 504.62
50 Day Moving Average 496.58
Lower Bollinger Band 486.72
Weekly Trendline Support 472.21
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Asset Management & Custody Banks 106
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 401.69
Low Date 04/25/2024
High 569.50
High Date 11/06/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 505.19
Support 472.21
Low 306.63
Low Date 10/25/2023
High 569.50
High Date 11/06/2024
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 359.69
Support 382.03
Low 219.99
Low Date 07/14/2022
High 569.50
High Date 11/06/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 384.83
Support 370.42
Low 80.01
Low Date 03/18/2020
High 569.50
High Date 11/06/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 303.72
Support 153.90
Low 11.74
Low Date 11/21/2008
High 569.50
High Date 11/06/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.