AMCOR PLC (AMCR) Technical Analysis
NYSE:AMCR • JE00BV7DQ550
Current stock price
AMCR Technical Rating and Analysis
Overall AMCR gets a technical rating of 0 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 80% of all other stocks performed better in the past year than AMCR.
- AMCR is one of the lesser performing stocks in the Containers & Packaging industry. 66% of 22 stocks in the same industry do better.
- AMCR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- AMCR has an average volume of 6282860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month AMCR has a been trading in the 37.95 - 42.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
AMCR Weekly and Daily overview Charts
AMCR Setup Rating and Analysis
AMCR 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 39.10, a Stop Loss order could be placed below this zone.
More info and screens
AMCR Support and Resistance Analysis
37.72
When analyzing the support we can see 2 important areas.
- Support @39.10 from a horizontal line in the daily time frame.
- A support zone ranging from 38.10 to 38.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 40.73 to 41.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 41.95 to 42.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 49.15 to 49.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @51.45 from a horizontal line in the weekly time frame.
AMCR Technical Indicator Signal Analysis
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 | 20.71 | NEGATIVE | AMCR has a low relative strength, it was outperformed by 79.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMCR is above 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) | 46.7 | NEUTRAL | The RSI value for AMCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests AMCR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.06 | NEUTRAL | The Stochastics value for AMCR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for AMCR suggests some volalility. |
| Average Directional Index/ADX (14) | 27.82 | POSITIVE | The high ADX value value for AMCR suggests a strong trend. |
AMCR Chart- and CandleStick Pattern Analysis
AMCR Technicals: Chart, Performance Metrics, Trend & Indicators
40.6
-0.41 (-1%)
AMCOR PLC / AMCR TA FAQ
What is the technical rating for AMCR stock?
ChartMill assigns a technical rating of 0 / 10 to AMCR.
What is the trend direction for AMCR stock?
The current trend direction for AMCOR PLC (AMCR) is Bearish.
Can you provide the RSI signal for AMCOR PLC?
AMCOR PLC (AMCR) has an RSI value of 46.7034. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AMCOR PLC?
The MACD indicator for AMCOR PLC (AMCR) has a value of 0.374906, indicating a bearish trend.
Can you provide the support and resistance levels for AMCOR PLC?
AMCOR PLC (AMCR) has a support level at 39.1 and a resistance level at 40.73. Check the full technical report for our detailed analysis of AMCR support and resistance levels.