AMARIN CORP PLC -ADR (AMRN) Stock Technical Analysis
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.
When comparing the yearly performance of all stocks, AMRN is a bad performer in the overall market: 82% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month AMRN has a been trading in the 9.44 - 11.50 range, which is quite wide. It is currently trading near the high of this range.
AMRN is an average performer in the Biotechnology industry, it outperforms 63% of 561 stocks in the same industry.
AMRN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AMRN is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
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.
More info and screens
10.04
12.67
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.59 to 10.63. 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 10.14 to 10.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @11.19 from a horizontal line in the daily time frame.
- Resistance @12.24 from a trend line in the daily time frame.
- A resistance zone ranging from 12.54 to 12.54. 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 | 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. |
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)
10.99
+0.01 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.09%
1 Week4.47%
2 Weeks2.61%
1 Month-1.7%
3 Month-6.72%
6 Month0.16%
12 Month-35.16%
2 Year-53.03%
3 Year-62.1%
5 Year-91.99%
10 Year-76.21%
15 Year-79.87%
Volatility
ATR(14)0.65
ATR(20)%6.13%
ATR Inc-36.79%
Range Today0.3
ADR(20)0.66
ADR(20)%6.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.97
Mansfield-0.8
10 Day High11.32
10 Day Low9.98
20 Day High11.5
20 Day Low9.44
52 Week High17.91
52 Week Low7.08
CS1 End10.63
CR1 Start11.19
Volume & EV
DER(3)0.98%
DER(5)2.4%
Volume31.10K
Volume Incr-36.95%
Vol(5)59.56K
Vol(50)736.68K