AMETEK INC (AME) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:AME • US0311001004
We assign a technical rating of 9 out of 10 to AME. Both in the recent history as in the last year, AME has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, AME did better than 78% of all other stocks.
- AME is currently making a new 52 week high. This is a strong signal. 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 205.10 - 227.79 range, which is quite wide. It is currently trading near the high of this range.
- AME has an average volume of 1350220 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 61% of them.
Although AME has an excellent technical rating, it does not present a decent entry opportunity 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.
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151.21
We found 6 important support areas.
- A support zone ranging from 215.13 to 215.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 205.30 to 207.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 193.35 to 195.06. This zone is formed by a combination of multiple trend lines 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 223.99 to 226.63. 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 | 78.12 | POSITIVE | AME has a high relative strength, it outperformed 78.12% 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) | 67.41 | NEUTRAL | The RSI value for AME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests AME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.11 | OVERBOUGHT | The high Stochastics value suggests AME may be overbought. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for AME suggests low volalility. |
| Average Directional Index/ADX (14) | 40.2 | POSITIVE | The high ADX value value for AME suggests a strong trend. |
223.98
-2.64 (-1.16%)
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 67.4081. 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 215.97 and a resistance level at 223.99. Check the full technical report for our detailed analysis of AME support and resistance levels.