AMCOR PLC (AMCR) Stock Technical Analysis
NYSE:AMCR - New York Stock Exchange, Inc. - JE00BJ1F3079 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to AMCR. Recently some decent action could be observed, but in the medium term time frame this is still negative. AMCR was also a bad performer in the overall market in the last year.
70% 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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month AMCR has a been trading in the 8.91 - 10.00 range, which is quite wide. It is currently trading near the high of this range.
AMCR has an average volume of 33451600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AMCR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMCR is lagging the market.
AMCR has an average technical rating and the quality of the presented setup is also not ideal 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
8.86
10.75
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.24 to 9.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 3 important areas.
- Resistance @9.67 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 9.84 to 9.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for AMCR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMCR is up. |
| ChartMill Relative Strength | 30.4 | 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) | DOWN | NEGATIVE | The current price of AMCR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.03 | NEUTRAL | The RSI value for AMCR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests AMCR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.87 | NEUTRAL | The Stochastics value for AMCR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for AMCR suggests low volalility. |
| Average Directional Index/ADX (14) | 24.01 | NEUTRAL | The ADX value for AMCR suggests a possible start of a new 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)
9.66
-0.17 (-1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-1.73%
1 Week0.31%
2 Weeks4.89%
1 Month5.46%
3 Month3.54%
6 Month2.66%
12 Month-2.52%
2 Year-5.85%
3 Year-25.41%
5 Year-6.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%1.95%
ATR Inc6.33%
Range Today0.13
ADR(20)0.17
ADR(20)%1.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.4
Mansfield-1.08
10 Day High10
10 Day Low9.15
20 Day High10
20 Day Low8.91
52 Week High11.48
52 Week Low8.37
CS1 End9.4
CR1 Start9.67
Volume & EV
DER(3)-3.11%
DER(5)-2.23%
Volume14.42M
Volume Incr-15.02%
Vol(5)23.49M
Vol(50)33.45M