AMKOR TECHNOLOGY INC (AMKR) Stock Technical Analysis
NASDAQ:AMKR • US0316521006
Taking everything into account, AMKR scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, AMKR did better than 95% of all other stocks. We also observe that the gains produced by AMKR over the past year are nicely spread over this period.
- AMKR is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry. AMKR outperforms 78% of them.
- AMKR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AMKR is lagging the market slightly.
- AMKR has an average volume of 4487320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month AMKR has a been trading in the 42.14 - 57.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AMKR has an excellent technical rating and also presents 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 48.02. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for AMKR 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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When analyzing the support we can see 3 important areas.
- A support zone ranging from 47.41 to 47.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.86 from a horizontal line in the daily time frame.
- Support @37.49 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 48.02 to 48.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @50.95 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 AMKR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMKR is neutral. |
| ChartMill Relative Strength | 95.08 | POSITIVE | AMKR has a high relative strength, it outperformed 95.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMKR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMKR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMKR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.39 | NEUTRAL | The RSI value for AMKR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests AMKR has a negative trend. |
| Stochastics (14,3) | 38.97 | NEUTRAL | The Stochastics value for AMKR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.5 | HIGH VOLATILITY | The high ATR as a percentage value for AMKR suggests high volalility. |
| Average Directional Index/ADX (14) | 12.87 | NEGATIVE | The low ADX value for AMKR suggests a weak or negative 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 |
|---|---|---|---|
| 48.72 | 47.40 | 1.32 (2.71%) | 25.00% |
| An entry @48.72. This is a Buy Stop order right above the resistance zone. | An exit @47.40. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.32 points, which is 2.71%. | For a 0.68% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AMKR. Please evaluate whether better entry and exit points can be found.
- 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.
47.82
-0.7 (-1.44%)
AMKOR TECHNOLOGY INC / AMKR FAQ
What is the technical rating for AMKR stock?
ChartMill assigns a technical rating of 9 / 10 to AMKR.
What is the current trend direction of AMKOR TECHNOLOGY INC (AMKR) stock?
The current trend direction for AMKOR TECHNOLOGY INC (AMKR) is Bullish.
Can you provide the RSI signal for AMKOR TECHNOLOGY INC?
AMKOR TECHNOLOGY INC (AMKR) has an RSI value of 48.3944. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AMKOR TECHNOLOGY INC?
The MACD indicator for AMKOR TECHNOLOGY INC (AMKR) has a value of -0.25043, indicating a bearish trend.