AMETEK INC (AME) Stock Technical Analysis
NYSE:AME - New York Stock Exchange, Inc. - US0311001004 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to AME. AME has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
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 1347120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, AME outperforms 54% of them, which is more or less in line with the market.
AME is part of the Electrical Equipment industry. There are 94 other stocks in this industry, AME did better than 55% of them.
AME is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AME is lagging the market slightly.
In the last month AME has a been trading in a tight range between 174.88 and 181.73.
Although the technical rating is only medium, AME does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 175.25, 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
149.89
187.83
We found 2 important support areas.
- A support zone ranging from 172.25 to 175.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 151.40 to 154.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 178.31 to 180.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @185.97 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 AME is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AME is neutral. |
| ChartMill Relative Strength | 54.36 | NEUTRAL | AME is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AME is below a declining 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 | MIXED | The current price of AME is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.24 | NEUTRAL | The RSI value for AME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests AME has a negative trend. |
| Stochastics (14,3) | 26.08 | NEUTRAL | The Stochastics value for AME is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for AME suggests low volalility. |
| Average Directional Index/ADX (14) | 10.68 | NEGATIVE | The low ADX value for AME suggests a weak or negative 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)
176.69
-1.07 (-0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-0.6%
1 Week-1.82%
2 Weeks-0.14%
1 Month-0.56%
3 Month1.24%
6 Month-3.64%
12 Month4.75%
2 Year9.15%
3 Year60.79%
5 Year97.71%
10 Year222.55%
15 Year890.17%
Volatility
ATR(14)2.74
ATR(20)%1.6%
ATR Inc39.3%
Range Today3.59
ADR(20)2.59
ADR(20)%1.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.36
Mansfield-0.26
10 Day High181.73
10 Day Low175.07
20 Day High181.73
20 Day Low174.88
52 Week High198.33
52 Week Low145.02
CS1 End175.25
CR1 Start178.31
Volume & EV
DER(3)-2.39%
DER(5)-1.33%
Volume2.79M
Volume Incr27.79%
Vol(5)1.56M
Vol(50)1.35M