AMKR Technical Analysis - AMKOR TECHNOLOGY INC

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to AMKR. Although AMKR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.

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 2295620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that AMKR is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

AMKR is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, AMKR did better than 58% of them.

In the last month AMKR has a been trading in the 24.97 - 33.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AMKOR TECHNOLOGY INC / AMKR Weekly stock chart

AMKOR TECHNOLOGY INC / AMKR Daily stock chart

Setup Rating and Analysis

Although AMKR has an excellent technical rating, it does not offer a high quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

26.17

30.94

We found 3 important support areas.

Support @30.09 from a trend line in the daily time frame.
A support zone ranging from 28.40 to 28.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @26.43 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The short term trend for AMKR is up.
ChartMill Relative Strength	79.92	POSITIVE	AMKR has a high relative strength, it outperformed 79.92% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of AMKR is above the rising 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)	68.51	NEUTRAL	The RSI value for AMKR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests AMKR has a positive trend, although the MACD value is declining.
Stochastics (14,3)	43.57	NEUTRAL	The Stochastics value for AMKR is a neutral value.
Average True Range in percent/ATR (20)	4.21	MEDIUM VOLATILITY	The ATR as a percentage value for AMKR suggests some volalility.
Average Directional Index/ADX (14)	43.02	POSITIVE	The high ADX value value for AMKR suggests a strong trend.