AMARIN CORP PLC -ADR (AMRN) Stock Technical Analysis
NASDAQ:AMRN - Nasdaq - US0231114044 - ADR - Currency: USD
Overall AMRN gets a technical rating of 7 out of 10. 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.
In the last month AMRN has a been trading in the 14.05 - 17.49 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
AMRN is one of the better performing stocks in the Biotechnology industry, it outperforms 81% of 551 stocks in the same industry.
AMRN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AMRN is performing more or less in line with the market.
When comparing the yearly performance of all stocks, we notice that AMRN is one of the better performing stocks in the market, outperforming 86% of all 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.
Although AMRN has an excellent technical rating, it does not present a decent entry opportunity 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
14.18
17.10
We found 2 important support areas.
- A support zone ranging from 15.15 to 15.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.32 to 14.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 2 important resistance areas.
- Resistance @16.56 from a trend line in the weekly time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for AMRN is neutral. |
| ChartMill Relative Strength | 86.94 | POSITIVE | AMRN has a high relative strength, it outperformed 86.94% 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 | 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) | 49.95 | NEUTRAL | The RSI value for AMRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests AMRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.29 | NEUTRAL | The Stochastics value for AMRN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.43 | MEDIUM VOLATILITY | The ATR as a percentage value for AMRN suggests some volalility. |
| Average Directional Index/ADX (14) | 25.99 | POSITIVE | The high ADX value value for AMRN suggests a strong 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)
15.16
+0.64 (+4.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.41%
1 Week-1.46%
2 Weeks-4.17%
1 Month-9.38%
3 Month38.96%
6 Month31.51%
12 Month18.44%
2 Year-27.81%
3 Year-35.76%
5 Year-90.23%
10 Year-65.7%
15 Year-74.22%
Volatility
ATR(14)0.63
ATR(20)%4.43%
ATR Inc94.86%
Range Today1.6
ADR(20)0.67
ADR(20)%4.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.94
Mansfield2.32
10 Day High16.11
10 Day Low14.05
20 Day High17.49
20 Day Low14.05
52 Week High17.49
52 Week Low7.08
CS1 End15.16
CR1 Start16.56
Volume & EV
DER(3)8.59%
DER(5)1.53%
Volume88.50K
Volume Incr-22.54%
Vol(5)75.58K
Vol(50)120.53K