We assign a technical rating of 2 out of 10 to AMRN. Although AMRN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of AMRN is bad and it also does not present a 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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14.34
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 15.86 to 16.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.54 to 16.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.21 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 | NEUTRAL | NEUTRAL | The long term trend for AMRN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMRN is down. |
| ChartMill Relative Strength | 87.48 | POSITIVE | AMRN has a high relative strength, it outperformed 87.48% 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) | DOWN | NEGATIVE | The current price of AMRN is below a declining 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) | 36.05 | NEUTRAL | The RSI value for AMRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests AMRN has a negative trend. |
| Stochastics (14,3) | 17.84 | OVERSOLD | The low Stochastics value suggests AMRN may be oversold. |
| Average True Range in percent/ATR (20) | 5.18 | HIGH VOLATILITY | The high ATR as a percentage value for AMRN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.63 | NEUTRAL | The ADX value for AMRN suggests a possible start of a new trend. |
14.48
+0.23 (+1.61%)
AMARIN CORP PLC -ADR / AMRN FAQ
What is the technical rating for AMRN stock?
ChartMill assigns a technical rating of 2 / 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 Bearish.
Can you provide the RSI signal for AMARIN CORP PLC -ADR?
AMARIN CORP PLC -ADR (AMRN) has an RSI value of 36.0489. 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 -0.148048, 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 resistance level at 15.86. Check the full technical report for our detailed analysis of AMRN support and resistance levels.