AMETEK INC (AME) Stock Technical Analysis
NYSE:AME • US0311001004
Overall AME gets a technical rating of 9 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, AME did better than 78% of all other 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.
- AME is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- AME has an average volume of 1390990 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 63% of them.
Besides having an excellent technical rating, AME also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 232.72, a Stop Loss order could be placed below this zone.
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151.21
When analyzing the support we can see 7 important areas.
- A support zone ranging from 228.73 to 232.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @222.01 from a trend line in the daily time frame.
- Support @205.30 from a horizontal line in the daily time frame.
- Support @198.01 from a trend line in the weekly time frame.
- A support zone ranging from 181.36 to 182.75. This zone is formed by a combination of multiple trend lines 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 233.52 to 235.30. 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 | 78.93 | POSITIVE | AME has a high relative strength, it outperformed 78.93% 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) | 64.72 | NEUTRAL | The RSI value for AME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests AME has a negative trend. |
| Stochastics (14,3) | 63.27 | NEUTRAL | The Stochastics value for AME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for AME suggests some volalility. |
| Average Directional Index/ADX (14) | 45.64 | 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 |
|---|---|---|---|
| 235.31 | 228.72 | 6.59 (2.80%) | 25.00% |
| An entry @235.31. This is a Buy Stop order right above the resistance zone. | An exit @228.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.59 points, which is 2.80%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- The distance between exit and entry is rather small compared to the average daily movement of AME. Please evaluate whether better entry and exit points can be found.
- 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.
233.51
+0.76 (+0.33%)
AMETEK INC / AME FAQ
What is the technical rating for AME stock?
ChartMill assigns a technical rating of 9 / 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 64.7183. 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 232.72 and a resistance level at 233.52. Check the full technical report for our detailed analysis of AME support and resistance levels.