AMYLYX PHARMACEUTICALS INC (AMLX) Stock Technical Analysis
USA - NASDAQ:AMLX - US03237H1014 - Common Stock
We assign a technical rating of 7 out of 10 to AMLX. In the last year, AMLX was one of the better performers, but we do observe some doubts in the very recent evolution.
Although AMLX has an excellent technical rating, it does not present a decent entry opportunity 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
10.38
We found 3 important support areas.
- A support zone ranging from 12.45 to 12.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.74 from a trend line in the daily time frame.
- Support @10.48 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @14.82 from a trend line 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 AMLX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMLX is down. |
| ChartMill Relative Strength | 95.45 | POSITIVE | AMLX has a high relative strength, it outperformed 95.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMLX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AMLX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMLX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.04 | NEUTRAL | The RSI value for AMLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests AMLX has a negative trend. |
| Stochastics (14,3) | 8.86 | OVERSOLD | The low Stochastics value suggests AMLX may be oversold. |
| Average True Range in percent/ATR (20) | 6.9 | HIGH VOLATILITY | The high ATR as a percentage value for AMLX suggests high volalility. |
| Average Directional Index/ADX (14) | 28.81 | POSITIVE | The high ADX value value for AMLX suggests a strong trend. |
12.46
-0.78 (-5.89%)
AMYLYX PHARMACEUTICALS INC / AMLX FAQ
What is the technical rating for AMLX stock?
ChartMill assigns a technical rating of 7 / 10 to AMLX.
Can you provide the trend direction for AMYLYX PHARMACEUTICALS INC?
The current trend direction for AMYLYX PHARMACEUTICALS INC (AMLX) is Bullish.
Can you provide the RSI signal for AMYLYX PHARMACEUTICALS INC?
AMYLYX PHARMACEUTICALS INC (AMLX) has an RSI value of 37.0414. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for AMYLYX PHARMACEUTICALS INC?
The buy/sell signal for AMYLYX PHARMACEUTICALS INC (AMLX) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for AMYLYX PHARMACEUTICALS INC?
AMYLYX PHARMACEUTICALS INC (AMLX) has a support level at 12.45 and a resistance level at 14.82. Check the full technical report for our detailed analysis of AMLX support and resistance levels.