AMNEAL PHARMACEUTICALS INC (AMRX) Technical Analysis
NASDAQ:AMRX • US03168L1052
Current stock price
AMRX Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to AMRX. Although AMRX 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.
- Looking at the yearly performance, AMRX did better than 84% of all other stocks. We also observe that the gains produced by AMRX over the past year are nicely spread over this period.
- AMRX is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 70% of 192 stocks in the same industry.
- AMRX has an average volume of 2876520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- AMRX 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 AMRX is lagging the market slightly.
- In the last month AMRX has a been trading in the 11.71 - 13.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
AMRX Weekly and Daily overview Charts
AMRX Setup Rating and Analysis
AMRX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.87, a Stop Loss order could be placed below this zone.
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AMRX Support and Resistance Analysis
7.68
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.82 to 11.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.52 from a horizontal line in the daily time frame.
- Support @7.76 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.72 to 12.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
AMRX Technical Indicator Signal Analysis
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 AMRX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMRX is down. |
| ChartMill Relative Strength | 84.34 | POSITIVE | AMRX has a high relative strength, it outperformed 84.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMRX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMRX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.62 | NEUTRAL | The RSI value for AMRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests AMRX has a positive trend. |
| Stochastics (14,3) | 87.04 | OVERBOUGHT | The high Stochastics value suggests AMRX may be overbought. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for AMRX suggests some volalility. |
| Average Directional Index/ADX (14) | 32.75 | POSITIVE | The high ADX value value for AMRX suggests a strong trend. |
AMRX Chart- and CandleStick Pattern Analysis
AMRX Technicals: Chart, Performance Metrics, Trend & Indicators
12.48
-0.23 (-1.81%)
AMNEAL PHARMACEUTICALS INC / AMRX TA FAQ
What is the technical rating for AMRX stock?
ChartMill assigns a technical rating of 4 / 10 to AMRX.
What is the trend direction for AMRX stock?
The current trend direction for AMNEAL PHARMACEUTICALS INC (AMRX) is Bearish.
Can you provide the RSI signal for AMNEAL PHARMACEUTICALS INC?
AMNEAL PHARMACEUTICALS INC (AMRX) has an RSI value of 46.6178. This indicates that the stock is currently neutral.
What is the MACD signal for AMRX stock?
The MACD indicator for AMNEAL PHARMACEUTICALS INC (AMRX) has a value of 0.0988735, indicating a bearish trend.
What is the support and resistance level for AMRX stock?
AMNEAL PHARMACEUTICALS INC (AMRX) has a support level at 11.87 and a resistance level at 12.72. Check the full technical report for our detailed analysis of AMRX support and resistance levels.