AMKR Technical Analysis - AMKOR TECHNOLOGY INC

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to AMKR. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AMKR is only an average performer.

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.

In the last month AMKR has a been trading in the 23.22 - 29.39 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

AMKR has an average volume of 2329160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, AMKR did better than 73% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

AMKR is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 54% of 112 stocks in the same industry.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

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.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

24.14

28.59

2 important support areas can be observed.

A support zone ranging from 24.79 to 25.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @24.38 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	73.36	POSITIVE	AMKR has a high relative strength, it outperformed 73.36% 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)	71.02	OVERBOUGHT	The high RSI value suggests AMKR may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.35	POSITIVE	The MACD value suggests AMKR has a positive trend.
Stochastics (14,3)	82.87	OVERBOUGHT	The high Stochastics value suggests AMKR may be overbought.
Average True Range in percent/ATR (20)	3.11	MEDIUM VOLATILITY	The ATR as a percentage value for AMKR suggests some volalility.
Average Directional Index/ADX (14)	32.42	POSITIVE	The high ADX value value for AMKR suggests a strong trend.