ARDAGH METAL PACKAGING SA (AMBP) Stock Technical Analysis
NYSE:AMBP - New York Stock Exchange, Inc. - LU2369833749 - Common Stock - Currency: USD
Overall AMBP gets a technical rating of 3 out of 10. AMBP has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
AMBP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
AMBP is part of the Containers & Packaging industry. There are 22 other stocks in this industry. AMBP outperforms 71% of them.
AMBP has an average volume of 1758670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When compared to the yearly performance of all other stocks, AMBP outperforms 55% of them, which is more or less in line with the market.
AMBP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMBP is lagging the market.
Considerably lower volume is observed in the last couple of days.
AMBP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 3.79, a Stop Loss order could be placed below this zone.
More info and screens
2.99
4.04
We found 2 important support areas.
- A support zone ranging from 3.75 to 3.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.02 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.83 to 3.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.96 to 4.00. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for AMBP is down. |
| ChartMill Relative Strength | 55.79 | NEUTRAL | AMBP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMBP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMBP is below a declining 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) | 37.89 | NEUTRAL | The RSI value for AMBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AMBP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.67 | NEUTRAL | The Stochastics value for AMBP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.13 | MEDIUM VOLATILITY | The ATR as a percentage value for AMBP suggests some volalility. |
| Average Directional Index/ADX (14) | 33.15 | POSITIVE | The high ADX value value for AMBP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.82
-0.04 (-1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-1.04%
1 Week1.33%
2 Weeks-2.3%
1 Month-16.41%
3 Month-1.55%
6 Month45.25%
12 Month13.02%
2 Year6.41%
3 Year-37.89%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%4.13%
ATR Inc-5.58%
Range Today0.08
ADR(20)0.15
ADR(20)%3.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.79
Mansfield0
10 Day High4.02
10 Day Low3.75
20 Day High4.68
20 Day Low3.66
52 Week High4.78
52 Week Low2.5
CS1 End3.79
CR1 Start3.83
Volume & EV
DER(3)-1.01%
DER(5)0.64%
Volume712.90K
Volume Incr-45.67%
Vol(5)1.03M
Vol(50)1.76M