Technical Analysis Predictions for American National Insurance Company - ANAT
Chapter VIII: A sophisticated method associates price levels with historical volumes. Such semi-abstract concepts as Support and Resistance may then be defined with mathematical precision.
Part I: The Volumetric Profile for American National Insurance Company.
Volume Stratification Analysis begins with the concept of the Volumetric Profile. This is nothing more than the cummulative volume according to price range. Here the price column corresponding to the current price of ANAT stock is painted in red. |
Part II: Primary Volumetric Support and Resistance for ANAT common stock.
Blue bars depict the Volumetric Profile for various price levels of American National Insurance Company. The thick orange line is the Volumetric Price and the maroon line is the Secular Price. The Volumetric average at $40 is below the Secular average at $48. This is a very un-usual condition. |
A few layers of volumetric turbulence exist that could provide support on the downside. The most significant of these is found around $12.
|Support Level ID||Price Range||Peak Magnitude|
|1||$60.00 - $60.99||2.13|
|2||$44.00 - $44.99||1.93|
|3||$12.00 - $12.99||9.71|
At least two layers of turbulence might act as resistance levels above the current price, particularly the one near the $98 level. |
|Resistance Level ID||Price Range||Peak Magnitude|
|1||$98.00 - $98.99||1.13|
|2||$134.00 - $134.99||0.12|
Part III: Secondary Analytical Support and Resistance for American National Insurance Company Stock Prices
Secondary Support Levels for ANAT
Horizontal maroon lines indicate Negative Volumetric Peaks. Price intervals with these characteristics are often associated with gaps, although they sometimes operate as support levels. Quarterly and yearly turn-arounds are circled. Two sharply defined valleys exit below the priceline at $50 and $26. The deepest is near the $26 strata. |
Secondary Resistance Levels for ANAT
Here, the horizontal lines mark the points of Maximum Negative Slope in the Volumetric Profile. These strata are known to act as resistance levels against upward movement, and are sometimes associated with yearly and quarterly tops. Also, as is typical of resistance levels, they may do double duty as support, but that is not the typical case.|
Companies in the News:
|In the news, Friday, February 18, 2011: An unfavorable condition has developed with Aetna Inc., ticker symbol AET. Also, there are breaking events concerning Dollar Tree, Inc. (DLTR) and First Niagara Financial Group Inc. (FNFG)|
More ANAT Technical Analysis Topics
Information on public pages is delayed. Associates of Hybrid Technical may hold positions in issues covered here. These reports are not to be used for stock-picking or investment decision support. Any such use is strictly prohibited.
Notice: Pages available to the public on this site are for entertainment and academic purposes only. We do not advocate investment in common stock. We do not recommend the purchase or sale of this or any other issue. Research shows that most people who invest in common stock will lose money.
Charts and concepts are property of Hybrid Technical. All Rights Reserved. All Content is Copyright 2010 by Hybrid Technical