NASDAQ:AMRN - Nasdaq - US0231114044 - ADR - Currency: USD
Taking everything into account, AMRN scores 5 out of 10 in our technical rating. In the last year, AMRN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, AMRN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.63, a Stop Loss order could be placed below this zone.
10.04
When analyzing the support we can see 2 important areas.
When analyzing the resistance we notice 3 important areas.
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 | NEUTRAL | NEUTRAL | The long term trend for AMRN is neutral. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMRN is up. |
ChartMill Relative Strength | 18.97 | NEGATIVE | AMRN has a low relative strength, it was outperformed by 81.03% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMRN is above a declining SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMRN is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AMRN is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 59.61 | NEUTRAL | The RSI value for AMRN is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AMRN has a positive trend. |
Stochastics (14,3) | 77.02 | NEUTRAL | The Stochastics value for AMRN is a neutral value. |
Average True Range in percent/ATR (20) | 6.13 | HIGH VOLATILITY | The high ATR as a percentage value for AMRN suggests high volalility. |
Average Directional Index/ADX (14) | 19.46 | NEGATIVE | The low ADX value for AMRN suggests a weak or negative trend. |
10.99
+0.01 (+0.09%)