AMIGO HOLDINGS PLC (AMGO.L) Stock Technical Analysis
Europe • London Exchange • LON:AMGO • GB00BFFK8T45
Taking everything into account, AMGO scores 0 out of 10 in our technical rating. AMGO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, AMGO is a bad performer in the overall market: 100% of all stocks are doing better.
- AMGO is currently making a new 52 week low. This is a very bad signal. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
- In the last month AMGO has a been trading in the 0.28 - 3.45 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of AMGO is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.30
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 | DOWN | NEGATIVE | The long term trend for AMGO.L is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMGO.L is down. |
| ChartMill Relative Strength | 0.12 | NEGATIVE | AMGO.L has a low relative strength, it was outperformed by 99.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMGO.L is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMGO.L is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMGO.L is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 23.91 | OVERSOLD | The low RSI value suggests AMGO.L may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests AMGO.L has a negative trend. |
| Stochastics (14,3) | 4.32 | OVERSOLD | The low Stochastics value suggests AMGO.L may be oversold. |
| Average True Range in percent/ATR (20) | 127.07 | HIGH VOLATILITY | The high ATR as a percentage value for AMGO.L suggests high volalility. |
| Average Directional Index/ADX (14) | 19.11 | NEGATIVE | The low ADX value for AMGO.L suggests a weak or negative trend. |
LON:AMGO (3/23/2023, 1:34:24 PM)
0.3
-1.12 (-78.93%)
AMIGO HOLDINGS PLC / AMGO.L FAQ
What is the technical rating for AMGO stock?
ChartMill assigns a technical rating of 0 / 10 to AMGO.L.
What is the trend direction for AMGO stock?
The current trend direction for AMIGO HOLDINGS PLC (AMGO.L) is Bearish.
What is the RSI signal for AMIGO HOLDINGS PLC (AMGO.L) stock?
AMIGO HOLDINGS PLC (AMGO.L) has an RSI value of 23.9063. This indicates that the stock is currently oversold.
What is the MACD signal for AMGO stock?
The MACD indicator for AMIGO HOLDINGS PLC (AMGO.L) has a value of -0.147774, indicating a bearish trend.