AMAZON ENHANCED HIGH INCOME (AMHE-U.CA) Stock Technical Analysis
TSX:AMHE-U - Toronto Stock Exchange - CA41751W2031 - ETF - Currency: USD
Taking everything into account, AMHE-U scores 4 out of 10 in our technical rating. AMHE-U has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
AMHE-U has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.36, a Stop Loss order could be placed below this zone.
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11.89
When analyzing the support we notice one important area.
- A support zone ranging from 12.01 to 12.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 12.53 to 12.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.94 from a horizontal line 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 AMHE-U.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMHE-U.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | AMHE-U.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMHE-U.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AMHE-U.CA is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 57.99 | NEUTRAL | The RSI value for AMHE-U.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests AMHE-U.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.55 | NEUTRAL | The Stochastics value for AMHE-U.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for AMHE-U.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.36 | NEGATIVE | The low ADX value for AMHE-U.CA suggests a weak or negative trend. |
TSX:AMHE-U (6/5/2025, 7:00:00 PM)
12.52
+0.09 (+0.72%)