AMNEAL PHARMACEUTICALS INC (AMRX) Stock Technical Analysis
NASDAQ:AMRX - Nasdaq - US03168L1052 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to AMRX. In the past year, AMRX was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
AMRX is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 74% of 195 stocks in the same industry.
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 1869060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that AMRX is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
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.
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 7.97. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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
6.89
9.11
We found 4 important support areas.
- A support zone ranging from 7.86 to 7.97. 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 7.38 to 7.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.15 to 7.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.96 to 6.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @8.05 from a trend line in the daily time frame.
- Resistance @8.19 from a horizontal line in the daily time frame.
- A resistance zone ranging from 8.69 to 9.02. 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 | NEUTRAL | NEUTRAL | The long term trend for AMRX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMRX is up. |
| ChartMill Relative Strength | 72.87 | POSITIVE | AMRX has a high relative strength, it outperformed 72.87% 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) | DOWN | NEGATIVE | The current price of AMRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.04 | NEUTRAL | The RSI value for AMRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests AMRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.01 | NEUTRAL | The Stochastics value for AMRX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for AMRX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.84 | NEUTRAL | The ADX value for AMRX suggests a possible start of a new 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 |
|---|---|---|---|
| 8.06 | 7.52 | 0.54 (6.70%) | 14.93% |
| An entry @8.06. This is a Buy Stop order right above the resistance zone. | An exit @7.52. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.54 points, which is 6.70%. | When investing 14.93% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NASDAQ:AMRX (6/24/2025, 1:00:27 PM)
8.05
+0.14 (+1.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.77%
1 Week2.13%
2 Weeks3.87%
1 Month10.08%
3 Month-4.41%
6 Month1.21%
12 Month24.65%
2 Year155.32%
3 Year148.9%
5 Year66.28%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%3.05%
ATR Inc-6.58%
Range Today0.15
ADR(20)0.23
ADR(20)%2.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.87
Mansfield-0.53
10 Day High8.11
10 Day Low7.53
20 Day High8.11
20 Day Low7.02
52 Week High9.48
52 Week Low6.32
CS1 End7.47
CR1 Start7.97
Volume & EV
DER(3)2.41%
DER(5)2.07%
Volume531.57K
Volume Incr35.43%
Vol(5)2.13M
Vol(50)1.87M