AMCOR PLC (AMCR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AMCR - JE00BJ1F3079 - Common Stock
Overall AMCR gets a technical rating of 1 out of 10. AMCR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, AMCR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 8.30, a Stop Loss order could be placed below this zone.
More info and screens
7.73
We found 2 important support areas.
- A support zone ranging from 8.25 to 8.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.81 to 7.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 8.32 to 8.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.53 to 8.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.94 from a trend line in the weekly time frame.
- Resistance @9.81 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for AMCR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMCR is neutral. |
| ChartMill Relative Strength | 29.57 | NEGATIVE | AMCR has a low relative strength, it was outperformed by 70.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMCR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMCR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMCR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.34 | NEUTRAL | The RSI value for AMCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests AMCR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.56 | NEUTRAL | The Stochastics value for AMCR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for AMCR suggests low volalility. |
| Average Directional Index/ADX (14) | 11.37 | NEGATIVE | The low ADX value for AMCR suggests a weak or negative trend. |
8.32
+0.06 (+0.73%)
AMCOR PLC / AMCR FAQ
What is the technical rating for AMCR stock?
ChartMill assigns a technical rating of 1 / 10 to AMCR.
What is the current trend direction of AMCOR PLC (AMCR) stock?
The current trend direction for AMCOR PLC (AMCR) is Bearish.
What is the RSI signal for AMCOR PLC (AMCR) stock?
AMCOR PLC (AMCR) has an RSI value of 50.3431. This indicates that the stock is currently neutral.
What is the MACD signal for AMCR stock?
The MACD indicator for AMCOR PLC (AMCR) has a value of -0.00454268, indicating a bearish trend.
What is the support and resistance level for AMCR stock?
AMCOR PLC (AMCR) has a support level at 8.3 and a resistance level at 8.32. Check the full technical report for our detailed analysis of AMCR support and resistance levels.