Taking everything into account, AMKR scores 7 out of 10 in our technical rating. In the last year, AMKR was one of the better performers, but we do observe some doubts in the very recent evolution.
AMKR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 34.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.07, a Stop Loss order could be placed below this zone.
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27.90
When analyzing the support we can see 3 important areas.
- A support zone ranging from 31.30 to 32.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.18 to 30.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.18 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 34.46 to 34.78. This zone is formed by a combination of multiple trend lines in the weekly 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 | 90.71 | POSITIVE | AMKR has a high relative strength, it outperformed 90.71% 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) | 53.38 | NEUTRAL | The RSI value for AMKR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests AMKR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.75 | NEUTRAL | The Stochastics value for AMKR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.37 | HIGH VOLATILITY | The high ATR as a percentage value for AMKR suggests high volalility. |
| Average Directional Index/ADX (14) | 18.45 | 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 |
|---|---|---|---|
| 34.79 | 31.29 | 3.50 (10.06%) | 9.94% |
| An entry @34.79. This is a Buy Stop order right above the resistance zone. | An exit @31.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.50 points, which is 10.06%. | When investing 9.94% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
33.135
+1.09 (+3.39%)
AMKOR TECHNOLOGY INC / AMKR FAQ
What is the technical rating for AMKR stock?
ChartMill assigns a technical rating of 7 / 10 to AMKR.
Can you provide the trend direction for AMKOR TECHNOLOGY INC?
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 53.3783. This indicates that the stock is currently neutral.
What is the MACD signal for AMKR stock?
The MACD indicator for AMKOR TECHNOLOGY INC (AMKR) has a value of -0.380675, indicating a bearish trend.
Can you provide the support and resistance levels for AMKOR TECHNOLOGY INC?
AMKOR TECHNOLOGY INC (AMKR) has a support level at 32.07 and a resistance level at 34.46. Check the full technical report for our detailed analysis of AMKR support and resistance levels.