AMETEK INC (AME) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AME - US0311001004 - Common Stock
Taking everything into account, AME scores 6 out of 10 in our technical rating. Although AME is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
AME has an average technical rating and also the quality of the setup is only medium 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
When analyzing the support we can see 2 important areas.
- A support zone ranging from 176.32 to 185.81. 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 2 important areas.
- Resistance @197.38 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 202.12 to 202.12. 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 | NEUTRAL | NEUTRAL | The short term trend for AME is neutral. |
| ChartMill Relative Strength | 58.01 | 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) | 55.44 | NEUTRAL | The RSI value for AME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.74 | NEGATIVE | The MACD value suggests AME has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.13 | NEUTRAL | The Stochastics value for AME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for AME suggests some volalility. |
| Average Directional Index/ADX (14) | 19.83 | NEGATIVE | The low ADX value for AME suggests a weak or negative trend. |
195.02
+5 (+2.63%)
AMETEK INC / AME FAQ
What is the technical rating for AME stock?
ChartMill assigns a technical rating of 6 / 10 to AME.
What is the trend direction for 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 55.437. This indicates that the stock is currently neutral.
What is the MACD signal for AME stock?
The MACD indicator for AMETEK INC (AME) has a value of -0.74226, indicating a bearish trend.
Can you provide the support and resistance levels for AMETEK INC?
AMETEK INC (AME) has a support level at 185.81 and a resistance level at 197.38. Check the full technical report for our detailed analysis of AME support and resistance levels.