AMETEK INC (AME) Technical Analysis
NYSE:AME • US0311001004
Current stock price
AME Technical Rating and Analysis
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!
- Looking at the yearly performance, AME did better than 77% of all other stocks. We also observe that the gains produced by AME over the past year are nicely spread over this period.
- AME is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AME is lagging the market slightly.
- In the last month AME has a been trading in the 207.32 - 238.40 range, which is quite wide. It is currently trading near the high of this range.
- AME has an average volume of 1243800 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 92 other stocks in this industry, AME did better than 56% of them.
AME Weekly and Daily overview Charts
AME Setup Rating and Analysis
Besides having an excellent technical rating, AME also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 233.27. Right above this resistance zone may be a good entry point.
More info and screens
AME Support and Resistance Analysis
151.21
5 important support areas can be observed.
- A support zone ranging from 224.84 to 228.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 213.13 to 215.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 205.31 to 209.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @176.69 from a horizontal line in the weekly time frame.
- Support @152.74 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 233.27 to 235.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 239.23 to 241.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
AME Technical Indicator Signal Analysis
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 | 77.45 | POSITIVE | AME has a high relative strength, it outperformed 77.45% 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) | 57.28 | NEUTRAL | The RSI value for AME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests AME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.49 | NEUTRAL | The Stochastics value for AME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for AME suggests some volalility. |
| Average Directional Index/ADX (14) | 19.6 | NEGATIVE | The low ADX value for AME suggests a weak or negative trend. |
AME Chart- and CandleStick Pattern Analysis
AME Example Setup
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 |
|---|---|---|---|
| 235.30 | 227.94 | 7.36 (3.13%) | 25.00% |
| An entry @235.30. This is a Buy Stop order right above the resistance zone. | An exit @227.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.36 points, which is 3.13%. | For a 0.78% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
AME Technicals: Chart, Performance Metrics, Trend & Indicators
232.97
+0.02 (+0.01%)
AMETEK INC / AME TA 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 AMETEK INC (AME) stock?
AMETEK INC (AME) has an RSI value of 57.2843. This indicates that the stock is currently neutral.
What is the MACD signal for AMETEK INC (AME) stock?
The MACD indicator for AMETEK INC (AME) has a value of 0.325821, indicating a bearish trend.
Can you provide the buy/sell signal for AMETEK INC?
The buy/sell signal for AMETEK INC (AME) is buy as both the short term and long term trends are positive.