ARDAGH METAL PACKAGING SA (AMBP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AMBP - LU2369833749 - Common Stock
Taking everything into account, AMBP scores 8 out of 10 in our technical rating. AMBP has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although AMBP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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3.41
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.86 to 3.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.71 to 3.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.52 from a trend line in the weekly time frame.
- Support @3.44 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.08 to 4.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AMBP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMBP is up. |
| ChartMill Relative Strength | 83.99 | POSITIVE | AMBP has a high relative strength, it outperformed 83.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMBP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMBP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMBP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.96 | OVERBOUGHT | The high RSI value suggests AMBP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests AMBP has a positive trend. |
| Stochastics (14,3) | 86.24 | OVERBOUGHT | The high Stochastics value suggests AMBP may be overbought. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for AMBP suggests some volalility. |
| Average Directional Index/ADX (14) | 26.62 | POSITIVE | The high ADX value value for AMBP suggests a strong trend. |
4.07
+0.06 (+1.5%)
ARDAGH METAL PACKAGING SA / AMBP FAQ
What is the technical rating for AMBP stock?
ChartMill assigns a technical rating of 8 / 10 to AMBP.
What is the current trend direction of ARDAGH METAL PACKAGING SA (AMBP) stock?
The current trend direction for ARDAGH METAL PACKAGING SA (AMBP) is Bullish.
Can you provide the RSI signal for ARDAGH METAL PACKAGING SA?
ARDAGH METAL PACKAGING SA (AMBP) has an RSI value of 70.9636. This indicates that the stock is currently overbought.
What is the short term momentum for ARDAGH METAL PACKAGING SA (AMBP) stock?
The short term momentum for ARDAGH METAL PACKAGING SA (AMBP) is positive.
Can you provide the buy/sell signal for ARDAGH METAL PACKAGING SA?
The buy/sell signal for ARDAGH METAL PACKAGING SA (AMBP) is buy as both the short term and long term trends are positive.