AMPLIFY ENERGY CORP (AMPY) Stock Technical Analysis
USA - NYSE:AMPY - US03212B1035 - Common Stock
Overall AMPY gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AMPY is only an average performer.
Although AMPY has an excellent technical rating, it does not offer a high quality setup 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.
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4.26
When analyzing the support we can see 3 important areas.
- Support @5.28 from a horizontal line in the daily time frame.
- Support @4.50 from a trend line in the daily time frame.
- Support @4.30 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @5.84 from a trend line in the weekly time frame.
- A resistance zone ranging from 6.08 to 6.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 AMPY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMPY is up. |
| ChartMill Relative Strength | 71.28 | POSITIVE | AMPY has a high relative strength, it outperformed 71.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMPY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMPY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMPY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.66 | NEUTRAL | The RSI value for AMPY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests AMPY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.83 | NEUTRAL | The Stochastics value for AMPY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.16 | HIGH VOLATILITY | The high ATR as a percentage value for AMPY suggests high volalility. |
| Average Directional Index/ADX (14) | 21.16 | NEUTRAL | The ADX value for AMPY suggests a possible start of a new trend. |
5.5
+0.21 (+3.97%)
AMPLIFY ENERGY CORP / AMPY FAQ
Can you provide the ChartMill technical rating for AMPLIFY ENERGY CORP?
ChartMill assigns a technical rating of 8 / 10 to AMPY.
Can you provide the trend direction for AMPLIFY ENERGY CORP?
The current trend direction for AMPLIFY ENERGY CORP (AMPY) is Bullish.
What is the RSI signal for AMPLIFY ENERGY CORP (AMPY) stock?
AMPLIFY ENERGY CORP (AMPY) has an RSI value of 58.6594. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AMPLIFY ENERGY CORP?
The MACD indicator for AMPLIFY ENERGY CORP (AMPY) has a value of 0.0660129, indicating a bearish trend.
What are the support and resistance levels for AMPLIFY ENERGY CORP (AMPY) stock?
AMPLIFY ENERGY CORP (AMPY) has a support level at 5.28 and a resistance level at 5.84. Check the full technical report for our detailed analysis of AMPY support and resistance levels.