AMETEK INC (AME) Stock Technical Analysis
NYSE:AME - New York Stock Exchange, Inc. - US0311001004 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to AME. AME has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
AME has an excellent technical rating and 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 181.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 179.95, a Stop Loss order could be placed below this zone.
More info and screens
151.21
We found 2 important support areas.
- A support zone ranging from 175.54 to 179.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 152.74 to 155.17. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 181.91 to 185.97. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 58.05 | NEUTRAL | AME is not amongst the best or worst performers 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) | 53.37 | NEUTRAL | The RSI value for AME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests AME has a negative trend. |
| Stochastics (14,3) | 71.65 | NEUTRAL | The Stochastics value for AME is a neutral value. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for AME suggests low volalility. |
| Average Directional Index/ADX (14) | 14.31 | NEGATIVE | The low ADX value for AME suggests a weak or negative 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 |
|---|---|---|---|
| 181.92 | 179.50 | 2.42 (1.33%) | 25.00% |
| An entry @181.92. This is a Buy Stop order right above the 10 day moving average. | An exit @179.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.42 points, which is 1.33%. | For a 0.33% 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.
180.97
-0.47 (-0.26%)