AMNEAL PHARMACEUTICALS INC (AMRX) Stock Technical Analysis
NASDAQ:AMRX - Nasdaq - US03168L1052 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to AMRX. AMRX has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
AMRX is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 80% of 198 stocks in the same industry.
In the last month AMRX has a been trading in the 6.68 - 8.02 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
AMRX has an average volume of 2113160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Looking at the yearly performance, AMRX did better than 79% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
AMRX is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
AMRX has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.89
9.34
When analyzing the support we can see 2 important areas.
- Support @7.12 from a trend line in the weekly time frame.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.73 to 9.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.25 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.57
Mansfield0.14
10 Day High8.02
10 Day Low7.02
20 Day High8.02
20 Day Low6.68
52 Week High9.48
52 Week Low6.29
Performance
1 Week6.55%
2 Weeks8.29%
1 Month2.05%
3 Month-3.51%
6 Month-6.12%
12 Month17.9%
2 Year240.6%
3 Year119.56%
5 Year63.65%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.11
RSI(14)57.45
LBB6.94
UBB7.95
7.97
+0.23 (+2.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.97%
1 Week6.55%
2 Weeks8.29%
1 Month2.05%
3 Month-3.51%
6 Month-6.12%
12 Month17.9%
2 Year240.6%
3 Year119.56%
5 Year63.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%4.84%
ATR Inc121.39%
Range Today0.86
ADR(20)0.36
ADR(20)%4.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.57
Mansfield0.14
10 Day High8.02
10 Day Low7.02
20 Day High8.02
20 Day Low6.68
52 Week High9.48
52 Week Low6.29
CS1 End7.12
CR1 Start8.73
Volume & EV
DER(3)1.63%
DER(5)2.25%
Volume4.83M
Volume Incr45.7%
Vol(5)2.87M
Vol(50)2.11M