AMETEK INC (AME) Technical Analysis
NYSE:AME • US0311001004
Current stock price
AME Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to AME. In the last year, AME was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- In the last month AME has a been trading in the 208.26 - 242.05 range, which is quite wide. It is currently trading near the lows of this range.
- 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 has an average volume of 1474710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- AME is an average performer in the Electrical Equipment industry, it outperforms 58% of 92 stocks in the same industry.
- 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.
AME Weekly and Daily overview Charts
AME Setup Rating and Analysis
AME has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
AME Support and Resistance Analysis
151.21
When analyzing the support we can see 5 important areas.
- Support @209.36 from a horizontal line in the daily time frame.
- Support @201.96 from a trend line in the weekly time frame.
- Support @184.94 from a trend line in the daily time frame.
- A support zone ranging from 175.55 to 179.27. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 215.57 to 217.97. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for AME is down. |
| ChartMill Relative Strength | 77.24 | POSITIVE | AME has a high relative strength, it outperformed 77.24% off all stocks 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) | DOWN | NEGATIVE | The current price of AME is below a declining 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) | 31.04 | NEUTRAL | The RSI value for AME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.35 | NEGATIVE | The MACD value suggests AME has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.93 | OVERSOLD | The low Stochastics value suggests AME may be oversold. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for AME suggests some volalility. |
| Average Directional Index/ADX (14) | 35.82 | POSITIVE | The high ADX value value for AME suggests a strong trend. |
AME Chart- and CandleStick Pattern Analysis
AME Technicals: Chart, Performance Metrics, Trend & Indicators
209.37
-2.13 (-1.01%)
AMETEK INC / AME TA FAQ
What is the technical rating for AME stock?
ChartMill assigns a technical rating of 4 / 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 31.0363. 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 negative.
What are the support and resistance levels for AMETEK INC (AME) stock?
AMETEK INC (AME) has a support level at 209.36 and a resistance level at 215.57. Check the full technical report for our detailed analysis of AME support and resistance levels.