USA • New York Stock Exchange • NYSE:AMCR • JE00BV7DQ550
Overall AMCR gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AMCR is only an average performer.
Although AMCR has an excellent technical rating, it does not offer a high 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.
39.45
We found 3 important support areas.
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 AMCR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMCR is up. |
| ChartMill Relative Strength | 50.79 | NEUTRAL | AMCR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMCR is above the rising 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) | UP | POSITIVE | The current price of AMCR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.81 | NEUTRAL | The RSI value for AMCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests AMCR has a positive trend. |
| Stochastics (14,3) | 86.28 | OVERBOUGHT | The high Stochastics value suggests AMCR may be overbought. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for AMCR suggests some volalility. |
| Average Directional Index/ADX (14) | 24.84 | NEUTRAL | The ADX value for AMCR suggests a possible start of a new trend. |
46.78
-1.78 (-3.67%)
ChartMill assigns a technical rating of 8 / 10 to AMCR.
The current trend direction for AMCOR PLC (AMCR) is Bullish.
AMCOR PLC (AMCR) has an RSI value of 62.8072. This indicates that the stock is currently neutral.
The MACD indicator for AMCOR PLC (AMCR) has a value of 0.361736, indicating a bearish trend.
The short term momentum for AMCOR PLC (AMCR) is positive.