AMETEK INC (AME) Stock Technical Analysis
NYSE:AME • US0311001004
Overall AME gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AME is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that AME is one of the better performing stocks in the market, outperforming 81% of all stocks.
- AME is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month AME has a been trading in the 222.47 - 239.94 range, which is quite wide. It is currently trading near the high of this range.
- AME has an average volume of 1348780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- AME is part of the Electrical Equipment industry. There are 91 other stocks in this industry, AME did better than 64% of them.
Besides having an excellent technical rating, AME also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 239.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 234.12, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
151.21
7 important support areas can be observed.
- A support zone ranging from 229.75 to 234.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 219.92 to 222.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @205.30 from a horizontal line in the daily time frame.
- Support @199.00 from a trend line in the weekly time frame.
- Support @181.36 from a horizontal line in the daily time frame.
- A support zone ranging from 176.32 to 176.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @152.74 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 239.23 to 239.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 AME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AME is up. |
| ChartMill Relative Strength | 81.08 | POSITIVE | AME has a high relative strength, it outperformed 81.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AME is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.12 | NEUTRAL | The RSI value for AME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests AME has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.67 | NEUTRAL | The Stochastics value for AME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for AME suggests some volalility. |
| Average Directional Index/ADX (14) | 40.74 | POSITIVE | The high ADX value value for AME suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 239.24 | 229.74 | 9.50 (3.97%) | 25.00% |
| An entry @239.24. This is a Buy Stop order right above the resistance zone. | An exit @229.74. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.50 points, which is 3.97%. | For a 0.99% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
239.22
+2.26 (+0.95%)
AMETEK INC / AME FAQ
What is the technical rating for AME stock?
ChartMill assigns a technical rating of 10 / 10 to AME.
What is the current trend direction of AMETEK INC (AME) stock?
The current trend direction for AMETEK INC (AME) is Bullish.
What is the RSI signal for AME stock?
AMETEK INC (AME) has an RSI value of 66.1207. This indicates that the stock is currently neutral.
What is the short term momentum for AME stock?
The short term momentum for AMETEK INC (AME) is positive.
What are the support and resistance levels for AMETEK INC (AME) stock?
AMETEK INC (AME) has a support level at 234.12 and a resistance level at 239.23. Check the full technical report for our detailed analysis of AME support and resistance levels.