We assign a technical rating of 9 out of 10 to AMKR. 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. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 52.30. Right above this resistance zone may be a good entry point.
33.07
3 important support areas can be observed.
We found 1 important resistance area.
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 | 95.29 | POSITIVE | AMKR has a high relative strength, it outperformed 95.29% 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) | 54.68 | NEUTRAL | The RSI value for AMKR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.83 | NEGATIVE | The MACD value suggests AMKR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.34 | NEUTRAL | The Stochastics value for AMKR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.83 | HIGH VOLATILITY | The high ATR as a percentage value for AMKR suggests high volalility. |
| Average Directional Index/ADX (14) | 22.1 | NEUTRAL | The ADX value for AMKR suggests a possible start of a new trend. |
49.36
+5.09 (+11.5%)
ChartMill assigns a technical rating of 9 / 10 to AMKR.
The current trend direction for AMKOR TECHNOLOGY INC (AMKR) is Bullish.
AMKOR TECHNOLOGY INC (AMKR) has an RSI value of 54.6776. This indicates that the stock is currently neutral.
The MACD indicator for AMKOR TECHNOLOGY INC (AMKR) has a value of -0.826442, indicating a bearish trend.