AMCOR PLC (AMCR) Stock Technical Analysis
USA - NYSE:AMCR - JE00BJ1F3079 - Common Stock
Overall AMCR gets a technical rating of 0 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.
The technical rating of AMCR is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
7.73
When analyzing the support we notice one important area.
- A support zone ranging from 7.81 to 7.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 8.07 to 8.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.23 from a trend line in the weekly time frame.
- A resistance zone ranging from 9.73 to 9.89. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for AMCR is down. |
| ChartMill Relative Strength | 12.12 | NEGATIVE | AMCR has a low relative strength, it was outperformed by 87.88% 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) | DOWN | NEGATIVE | The current price of AMCR is below a declining 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) | 40.09 | NEUTRAL | The RSI value for AMCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AMCR has a negative trend. |
| Stochastics (14,3) | 18.99 | OVERSOLD | The low Stochastics value suggests AMCR may be oversold. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for AMCR suggests some volalility. |
| Average Directional Index/ADX (14) | 21.97 | NEUTRAL | The ADX value for AMCR suggests a possible start of a new trend. |
7.9
+0.05 (+0.64%)
AMCOR PLC / AMCR FAQ
What is the technical rating for AMCR stock?
ChartMill assigns a technical rating of 0 / 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 40.0919. 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 -0.00731354, indicating a bearish trend.
What is the support and resistance level for AMCR stock?
AMCOR PLC (AMCR) has a support level at 7.89 and a resistance level at 8.07. Check the full technical report for our detailed analysis of AMCR support and resistance levels.