AMARIN CORP PLC -ADR (AMRN) Stock Technical Analysis
NASDAQ:AMRN - US0231114044 - ADR
15.98 USD
+0.16 (+1.01%)
16.05 USD
+0.07 (+0.44%)
Taking everything into account, AMRN scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AMRN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
AMRN is part of the Biotechnology industry. There are 547 other stocks in this industry. AMRN outperforms 80% of them.
AMRN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AMRN is lagging the market slightly.
In the last month AMRN has a been trading in the 14.05 - 16.50 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, AMRN did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, AMRN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 15.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AMRN in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
14.36
17.10
We found 3 important support areas.
- A support zone ranging from 15.26 to 15.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @14.98 from a horizontal line in the weekly time frame.
- A support zone ranging from 14.51 to 14.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 16.00 to 16.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.93 from a horizontal 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 AMRN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMRN is up. |
| ChartMill Relative Strength | 88.54 | POSITIVE | AMRN has a high relative strength, it outperformed 88.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMRN is above the rising 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) | UP | POSITIVE | The current price of AMRN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.79 | NEUTRAL | The RSI value for AMRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests AMRN has a positive trend. |
| Stochastics (14,3) | 70.39 | NEUTRAL | The Stochastics value for AMRN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for AMRN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.96 | NEUTRAL | The ADX value for AMRN suggests a possible start of a new 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 |
|---|---|---|---|
| 16.19 | 15.25 | 0.94 (5.81%) | 17.22% |
| An entry @16.19. This is a Buy Stop order right above the resistance zone. | An exit @15.25. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.94 points, which is 5.81%. | When investing 17.22% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
15.98
+0.16 (+1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.01%
1 Week2.11%
2 Weeks6.6%
1 Month3.87%
3 Month43.83%
6 Month35.63%
12 Month27.11%
2 Year-23.9%
3 Year-32.29%
5 Year-89.7%
10 Year-63.85%
15 Year-72.82%
Volatility
ATR(14)0.48
ATR(20)%3.71%
ATR Inc-39.11%
Range Today0.33
ADR(20)0.59
ADR(20)%3.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.54
Mansfield2.46
10 Day High16.5
10 Day Low14.57
20 Day High16.5
20 Day Low14.05
52 Week High17.49
52 Week Low7.08
CS1 End15.52
CR1 Start16
Volume & EV
DER(3)5.72%
DER(5)3.5%
Volume44.60K
Volume Incr-6.22%
Vol(5)63.76K
Vol(50)112.59K