AMPHASTAR PHARMACEUTICALS IN (AMPH) Stock Technical Analysis
NASDAQ:AMPH - Nasdaq - US03209R1032 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to AMPH. In the past year, AMPH was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
85% of all other stocks performed better in the past year than AMPH.
AMPH is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so AMPH is lagging the market.
In the last month AMPH has a been trading in the 23.20 - 25.92 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
AMPH is part of the Pharmaceuticals industry. There are 197 other stocks in this industry, AMPH did better than 45% of them.
Although the technical rating is bad, AMPH does present a nice setup opportunity. 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 25.72. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for AMPH 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
22.76
41.97
We found 2 important support areas.
- A support zone ranging from 24.61 to 25.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 22.99 to 23.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 25.72 to 25.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @41.55 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 | DOWN | NEGATIVE | The long term trend for AMPH is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMPH is up. |
| ChartMill Relative Strength | 15.27 | NEGATIVE | AMPH has a low relative strength, it was outperformed by 84.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMPH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AMPH is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMPH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.96 | NEUTRAL | The RSI value for AMPH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests AMPH has a positive trend. |
| Stochastics (14,3) | 89.41 | OVERBOUGHT | The high Stochastics value suggests AMPH may be overbought. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for AMPH suggests some volalility. |
| Average Directional Index/ADX (14) | 17.3 | NEGATIVE | The low ADX value for AMPH 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)
25.71
+0.07 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.27%
1 Week6.24%
2 Weeks5.72%
1 Month7.66%
3 Month-9.57%
6 Month-43.11%
12 Month-39.26%
2 Year-42.06%
3 Year-30.78%
5 Year37.93%
10 Year67.6%
15 YearN/A
Volatility
ATR(14)0.78
ATR(20)%3.56%
ATR Inc-25.29%
Range Today0.77
ADR(20)0.86
ADR(20)%3.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.27
Mansfield-3.42
10 Day High25.92
10 Day Low23.74
20 Day High25.92
20 Day Low23.2
52 Week High53.96
52 Week Low22.64
CS1 End25.24
CR1 Start25.72
Volume & EV
DER(3)3.13%
DER(5)3.36%
Volume460.90K
Volume Incr-4.81%
Vol(5)508.60K
Vol(50)605.23K