AMNEAL PHARMACEUTICALS INC (AMRX) Stock Technical Analysis
USA - NASDAQ:AMRX - US03168L1052 - Common Stock
9.92 USD
+0.05 (+0.51%)
10.0673 USD
+0.15 (+1.48%)
Overall AMRX gets a technical rating of 8 out of 10. Both in the recent history as in the last year, AMRX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
AMRX is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 72% of 191 stocks in the same industry.
AMRX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AMRX is lagging the market slightly.
In the last month AMRX has a been trading in the 9.49 - 10.68 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
AMRX has an average volume of 1656280 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 82% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, AMRX 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 support zone below the current price at 9.91, a Stop Loss order could be placed below this zone.
More info and screens
7.73
10.67
We found 4 important support areas.
- A support zone ranging from 9.48 to 9.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.76 from a trend line in the daily time frame.
- Support @8.57 from a trend line in the weekly time frame.
- Support @7.81 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.40 to 10.56. 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 | NEUTRAL | NEUTRAL | The short term trend for AMRX is neutral. |
| ChartMill Relative Strength | 82.7 | POSITIVE | AMRX has a high relative strength, it outperformed 82.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AMRX is below 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) | 50.52 | NEUTRAL | The RSI value for AMRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests AMRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.61 | NEUTRAL | The Stochastics value for AMRX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for AMRX suggests some volalility. |
| Average Directional Index/ADX (14) | 25.66 | 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 |
|---|---|---|---|
| 10.08 | 9.55 | 0.53 (5.25%) | 19.05% |
| An entry @10.08. This is a Buy Stop order right above the 10 day moving average. | An exit @9.55. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.53 points, which is 5.25%. | When investing 19.05% 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.
9.92
+0.05 (+0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.51%
1 Week-0.5%
2 Weeks-4.52%
1 Month1.12%
3 Month24.47%
6 Month34.78%
12 Month15.62%
2 Year156.33%
3 Year350.91%
5 Year138.46%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%2.94%
ATR Inc-35.02%
Range Today0.16
ADR(20)0.29
ADR(20)%2.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.7
Mansfield0.74
10 Day High10.62
10 Day Low9.56
20 Day High10.68
20 Day Low9.49
52 Week High10.68
52 Week Low6.68
CS1 End9.91
CR1 Start10.4
Volume & EV
DER(3)0.6%
DER(5)0.58%
Volume1.14M
Volume Incr-22.24%
Vol(5)1.37M
Vol(50)1.66M