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AMPHENOL CORP-CL A (NYSE:APH) Technical Analysis observations.

By Mill Chart

Last update: Apr 24, 2024

Our stockscreener has identified a possible breakout setup on AMPHENOL CORP-CL A (NYSE:APH). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NYSE:APH for potential opportunities.

APH Daily chart on 2024-04-24

Insights from Technical Analysis

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Taking everything into account, APH scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, APH is showing a nice and steady performance.

  • The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
  • Looking at the yearly performance, APH did better than 90% of all other stocks. On top of that, APH also shows a nice and consistent pattern of rising prices.
  • APH is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 85% of 127 stocks in the same industry.
  • APH is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so APH is performing more or less in line with the market.
  • In the last month APH has a been trading in the 109.44 - 118.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Check the latest full technical report of APH for a complete technical analysis.

Why is NYSE:APH a setup?

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NYSE:APH currently holds a 9 as its setup rating, suggesting a particular level of consolidation in the stock.

Besides having an excellent technical rating, APH also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 117.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 110.97, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

How to trade NYSE:APH?

One strategy to consider is waiting for the actual breakout to occur, where the stock breaks out above the current consolidation zone. Traders can then enter a buy position, anticipating further upward momentum. As a risk management measure, it is advisable to set a stop loss order below the consolidation zone.

Of course, there are many ways to trade or not trade NYSE:APH and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.


Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.