AMETEK INC (AME) Stock Technical Analysis
USA - NYSE:AME - US0311001004 - Common Stock
We assign a technical rating of 8 out of 10 to AME. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AME is only an average performer.
Besides having an excellent technical rating, AME also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 202.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 191.66, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AME in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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151.21
We found 2 important support areas.
- A support zone ranging from 176.32 to 191.66. This zone is formed by a combination of multiple trend lines and important moving averages 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 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 | UP | POSITIVE | The short term trend for AME is up. |
| ChartMill Relative Strength | 58.88 | 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) | 61.29 | NEUTRAL | The RSI value for AME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests AME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.87 | NEUTRAL | The Stochastics value for AME is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for AME suggests some volalility. |
| Average Directional Index/ADX (14) | 25.1 | POSITIVE | The high ADX value value for AME suggests a strong 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 |
|---|---|---|---|
| 202.13 | 182.86 | 19.27 (9.53%) | 10.49% |
| An entry @202.13. This is a Buy Stop order right above the resistance zone. | An exit @182.86. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 19.27 points, which is 9.53%. | For a 1.00% total portfolio risk, you can invest 10.49% of your capital in this trade. |
- 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.
197.64
-0.37 (-0.19%)
AMETEK INC / AME FAQ
What is the technical rating for AME stock?
ChartMill assigns a technical rating of 8 / 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 61.2937. 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 0.620328, indicating a bearish trend.
Can you provide the support and resistance levels for AMETEK INC?
AMETEK INC (AME) has a support level at 191.66 and a resistance level at 202.12. Check the full technical report for our detailed analysis of AME support and resistance levels.