AMARIN CORP PLC -ADR (AMRN) Stock Technical Analysis
USA - NASDAQ:AMRN - US0231114044 - ADR
Taking everything into account, AMRN scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
AMRN has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
14.37
We found 4 important support areas.
- A support zone ranging from 15.59 to 15.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.20 from a horizontal line in the daily time frame.
- Support @14.90 from a horizontal line in the daily time frame.
- Support @14.52 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 16.35 to 16.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.50 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 | UP | POSITIVE | The long term trend for AMRN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMRN is down. |
| ChartMill Relative Strength | 89.65 | POSITIVE | AMRN has a high relative strength, it outperformed 89.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMRN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AMRN is below 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) | 42.91 | NEUTRAL | The RSI value for AMRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests AMRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.53 | NEUTRAL | The Stochastics value for AMRN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.54 | HIGH VOLATILITY | The high ATR as a percentage value for AMRN suggests high volalility. |
| Average Directional Index/ADX (14) | 27.9 | POSITIVE | The high ADX value value for AMRN suggests a strong trend. |
16.34
+0.07 (+0.43%)
AMARIN CORP PLC -ADR / AMRN FAQ
What is the technical rating for AMRN stock?
ChartMill assigns a technical rating of 6 / 10 to AMRN.
What is the current trend direction of AMARIN CORP PLC -ADR (AMRN) stock?
The current trend direction for AMARIN CORP PLC -ADR (AMRN) is Bullish.
Can you provide the RSI signal for AMARIN CORP PLC -ADR?
AMARIN CORP PLC -ADR (AMRN) has an RSI value of 42.9146. This indicates that the stock is currently neutral.
What is the MACD signal for AMRN stock?
The MACD indicator for AMARIN CORP PLC -ADR (AMRN) has a value of -0.107028, indicating a bearish trend.
What are the support and resistance levels for AMARIN CORP PLC -ADR (AMRN) stock?
AMARIN CORP PLC -ADR (AMRN) has a support level at 15.83 and a resistance level at 16.35. Check the full technical report for our detailed analysis of AMRN support and resistance levels.