AMNEAL PHARMACEUTICALS INC (AMRX) Stock Technical Analysis
NASDAQ:AMRX - US03168L1052 - Common Stock
9.58 USD
+0.02 (+0.21%)
9.58 USD
0 (0%)
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 is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
AMRX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
AMRX has an average volume of 1550780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, AMRX did better than 79% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
AMRX is an average performer in the Pharmaceuticals industry, it outperforms 69% of 195 stocks in the same industry.
Besides having an excellent technical rating, AMRX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.60. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for AMRX in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.90
9.70
5 important support areas can be observed.
- A support zone ranging from 9.14 to 9.27. 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 8.16 to 8.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.83 from a trend line in the weekly time frame.
- Support @7.59 from a trend line in the daily time frame.
- Support @6.97 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.60 to 9.60. 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 | 79.52 | POSITIVE | AMRX has a high relative strength, it outperformed 79.52% off all stocks 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) | UP | POSITIVE | The current price of AMRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.81 | NEUTRAL | The RSI value for AMRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AMRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.46 | NEUTRAL | The Stochastics value for AMRX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for AMRX suggests some volalility. |
| Average Directional Index/ADX (14) | 41.13 | 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 |
|---|---|---|---|
| 9.61 | 9.19 | 0.42 (4.37%) | 22.88% |
| An entry @9.61. This is a Buy Stop order right above the resistance zone. | An exit @9.19. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.42 points, which is 4.37%. | For a 1.00% total portfolio risk, you can invest 22.88% 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.
9.58
+0.02 (+0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.21%
1 Week3.23%
2 Weeks3.46%
1 Month20.35%
3 Month25.72%
6 Month7.64%
12 Month14.18%
2 Year127.01%
3 Year374.26%
5 Year146.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%2.84%
ATR Inc-32.24%
Range Today0.19
ADR(20)0.27
ADR(20)%2.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.52
Mansfield0.78
10 Day High9.79
10 Day Low9.2
20 Day High9.79
20 Day Low7.98
52 Week High9.79
52 Week Low6.68
CS1 End9.27
CR1 Start9.6
Volume & EV
DER(3)4.19%
DER(5)2.86%
Volume1.33M
Volume Incr-16.66%
Vol(5)1.44M
Vol(50)1.55M