AMERICA MOVIL-ADR SERIES A (AMOV) Stock Technical Analysis
NYSE:AMOV - New York Stock Exchange, Inc. - US02364W2044 - ADR - Currency: USD
We assign a technical rating of 9 out of 10 to AMOV. Both in the recent history as in the last year, AMOV has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: AMOV has an average volume of 3310 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
AMOV is one of the better performing stocks in the Wireless Telecommunication Services industry, it outperforms 75% of 21 stocks in the same industry.
AMOV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AMOV is performing more or less in line with the market.
AMOV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Looking at the yearly performance, AMOV did better than 90% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, AMOV also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 20.27, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AMOV in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
16.08
21.34
4 important support areas can be observed.
- A support zone ranging from 19.98 to 20.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.51 from a horizontal line in the weekly time frame.
- Support @19.18 from a horizontal line in the daily time frame.
- Support @16.24 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 20.97 to 21.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 AMOV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMOV is up. |
| ChartMill Relative Strength | 90.34 | POSITIVE | AMOV has a high relative strength, it outperformed 90.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMOV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMOV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AMOV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.58 | NEUTRAL | The RSI value for AMOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests AMOV has a negative trend. |
| Stochastics (14,3) | 68.04 | NEUTRAL | The Stochastics value for AMOV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for AMOV suggests some volalility. |
| Average Directional Index/ADX (14) | 10.73 | NEGATIVE | The low ADX value for AMOV suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 21.14 | 20.49 | 0.65 (3.07%) | 25.00% |
| An entry @21.14. This is a Buy Stop order right above the resistance zone. | An exit @20.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.65 points, which is 3.07%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AMOV. Please evaluate whether better entry and exit points can be found.
- 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.
NYSE:AMOV (3/15/2023, 8:04:00 PM)
20.75
-0.23 (-1.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg-1.1%
1 Week-1.94%
2 Weeks-1.19%
1 Month4.27%
3 Month17.76%
6 Month23.73%
12 Month4.48%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%2.31%
ATR Inc-41.78%
Range Today0.1
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.34
Mansfield1.01
10 Day High21.57
10 Day Low20.5
20 Day High21.57
20 Day Low19.32
52 Week High22.57
52 Week Low15.86
CS1 End20.27
CR1 Start20.97
Volume & EV
DER(3)18.73%
DER(5)12.17%
Volume1.00K
Volume Incr18.44%
Vol(5)2.12K
Vol(50)3.31K