AMCOR PLC (AMCR) Stock Technical Analysis
NYSE:AMCR - New York Stock Exchange, Inc. - JE00BJ1F3079 - Common Stock - Currency: USD
Taking everything into account, AMCR scores 0 out of 10 in our technical rating. AMCR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
75% of all other stocks performed better in the past year than AMCR.
AMCR is part of the Containers & Packaging industry. There are 22 other stocks in this industry, of which 71% are performing better than AMCR.
AMCR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AMCR is lagging the market.
In the last month AMCR has a been trading in the 8.85 - 9.47 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
AMCR has an average volume of 39587200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, AMCR does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 9.08, a Stop Loss order could be placed below this zone.
More info and screens
8.86
10.75
When analyzing the support we notice one important area.
- A support zone ranging from 8.95 to 9.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 9.13 to 9.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.69 from a trend line in the weekly time frame.
- Resistance @9.89 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.30 to 10.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.64 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 | 25.1 | NEGATIVE | AMCR has a low relative strength, it was outperformed by 74.9% 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) | 46.61 | NEUTRAL | The RSI value for AMCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AMCR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.14 | NEUTRAL | The Stochastics value for AMCR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for AMCR suggests low volalility. |
| Average Directional Index/ADX (14) | 13.8 | NEGATIVE | The low ADX value for AMCR suggests a weak or negative 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)
9.1
-0.14 (-1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-1.52%
1 Week-0.11%
2 Weeks-0.11%
1 Month-2.26%
3 Month-6.95%
6 Month-8.08%
12 Month-8.63%
2 Year-8.82%
3 Year-26.79%
5 Year-10.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%1.71%
ATR Inc4.07%
Range Today0.18
ADR(20)0.14
ADR(20)%1.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.1
Mansfield-1.32
10 Day High9.3
10 Day Low8.95
20 Day High9.47
20 Day Low8.85
52 Week High11.48
52 Week Low8.37
CS1 End9.08
CR1 Start9.13
Volume & EV
DER(3)2.33%
DER(5)1.44%
Volume21.50M
Volume Incr-18.98%
Vol(5)22.33M
Vol(50)39.59M