AMNEAL PHARMACEUTICALS INC (AMRX) Stock Technical Analysis
NASDAQ:AMRX - Nasdaq - US03168L1052 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to AMRX. AMRX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
64% of all other stocks performed better in the past year than AMRX.
AMRX has an average volume of 1894690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AMRX is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, AMRX did better than 61% of them.
AMRX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AMRX is lagging the market slightly.
In the last month AMRX has a been trading in the 7.02 - 8.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AMRX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.37, a Stop Loss order could be placed below this zone.
More info and screens
6.89
9.34
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.18 to 7.37. This zone is formed by a combination of multiple trend lines and important moving averages 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.98 to 7.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.70 to 8.81. 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.
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 | DOWN | NEGATIVE | The long term trend for AMRX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMRX is down. |
| ChartMill Relative Strength | 36.16 | NEUTRAL | AMRX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMRX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMRX is below a declining 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) | 49.8 | NEUTRAL | The RSI value for AMRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AMRX has a positive trend. |
| Stochastics (14,3) | 51.2 | NEUTRAL | The Stochastics value for AMRX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for AMRX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.83 | NEGATIVE | The low ADX value for AMRX suggests a weak or negative 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)
7.42
+0.1 (+1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.37%
1 Week3.63%
2 Weeks-2.37%
1 Month-6.9%
3 Month-16.63%
6 Month-12.19%
12 Month9.93%
2 Year139.36%
3 Year133.33%
5 Year55.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%3.12%
ATR Inc-6.64%
Range Today0.17
ADR(20)0.22
ADR(20)%2.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.16
Mansfield-0.97
10 Day High7.61
10 Day Low7.02
20 Day High8.01
20 Day Low7.02
52 Week High9.48
52 Week Low6.29
CS1 End7.37
CR1 Start7.98
Volume & EV
DER(3)-4.26%
DER(5)-4.74%
Volume1.65M
Volume Incr-34.73%
Vol(5)1.35M
Vol(50)1.89M