AMNEAL PHARMACEUTICALS INC (AMRX) Stock Technical Analysis
NASDAQ:AMRX - Nasdaq - US03168L1052 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to AMRX. Although AMRX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
AMRX has an average volume of 1676050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, AMRX turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
AMRX is an average performer in the Pharmaceuticals industry, it outperforms 67% of 193 stocks in the same industry.
AMRX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMRX is lagging the market.
In the last month AMRX has a been trading in the 7.69 - 8.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AMRX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 8.33. Right above this resistance zone may be a good entry point.
More info and screens
6.90
9.00
4 important support areas can be observed.
- Support @7.52 from a trend line in the weekly time frame.
- Support @7.39 from a trend line in the daily time frame.
- A support zone ranging from 7.15 to 7.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.97 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.33 to 8.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 8.63 to 8.91. 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 | UP | POSITIVE | The long term trend for AMRX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMRX is up. |
| ChartMill Relative Strength | 65.37 | NEUTRAL | AMRX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AMRX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.54 | NEUTRAL | The RSI value for AMRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests AMRX has a negative trend. |
| Stochastics (14,3) | 46.7 | NEUTRAL | The Stochastics value for AMRX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for AMRX suggests some volalility. |
| Average Directional Index/ADX (14) | 32.07 | POSITIVE | The high ADX value value for AMRX 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.43 | 8.12 | 0.31 (3.74%) | 25.00% |
| An entry @8.43. This is a Buy Stop order right above the resistance zone. | An exit @8.12. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.31 points, which is 3.74%. | For a 0.93% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
8.24
-0.02 (-0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.24%
1 Week-1.79%
2 Weeks-1.55%
1 Month4.3%
3 Month11.96%
6 Month-0.24%
12 Month13.81%
2 Year157.5%
3 Year132.77%
5 Year90.3%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%2.6%
ATR Inc-21.7%
Range Today0.14
ADR(20)0.21
ADR(20)%2.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.37
Mansfield-0.6
10 Day High8.53
10 Day Low8.13
20 Day High8.53
20 Day Low7.69
52 Week High9.48
52 Week Low6.5
CS1 End7.52
CR1 Start8.33
Volume & EV
DER(3)-0.59%
DER(5)0.91%
Volume1.36M
Volume Incr-32.04%
Vol(5)1.22M
Vol(50)1.68M