AMNEAL PHARMACEUTICALS INC (AMRX) Stock Technical Analysis
USA - NASDAQ:AMRX - US03168L1052 - Common Stock
Overall AMRX gets a technical rating of 10 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.
Although AMRX has an excellent technical rating, the quality of the presented setup is not ideal 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
7.85
When analyzing the support we can see 5 important areas.
- A support zone ranging from 10.19 to 10.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.91 to 9.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.61 from a horizontal line in the daily time frame.
- Support @8.84 from a trend line in the weekly time frame.
- Support @7.93 from a trend line in the weekly 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 | 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 | 86.92 | POSITIVE | AMRX has a high relative strength, it outperformed 86.92% 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) | 66.09 | NEUTRAL | The RSI value for AMRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests AMRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.21 | OVERBOUGHT | The high Stochastics value suggests AMRX may be overbought. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for AMRX suggests some volalility. |
| Average Directional Index/ADX (14) | 32.05 | POSITIVE | The high ADX value value for AMRX suggests a strong trend. |
11.48
+0.11 (+0.97%)
AMNEAL PHARMACEUTICALS INC / AMRX FAQ
What is the technical rating for AMRX stock?
ChartMill assigns a technical rating of 10 / 10 to AMRX.
What is the current trend direction of AMNEAL PHARMACEUTICALS INC (AMRX) stock?
The current trend direction for AMNEAL PHARMACEUTICALS INC (AMRX) is Bullish.
What is the RSI signal for AMNEAL PHARMACEUTICALS INC (AMRX) stock?
AMNEAL PHARMACEUTICALS INC (AMRX) has an RSI value of 66.0872. This indicates that the stock is currently neutral.
What is the MACD signal for AMNEAL PHARMACEUTICALS INC (AMRX) stock?
The MACD indicator for AMNEAL PHARMACEUTICALS INC (AMRX) has a value of 0.105157, indicating a bearish trend.
Can you provide the short term momentum for AMNEAL PHARMACEUTICALS INC?
The short term momentum for AMNEAL PHARMACEUTICALS INC (AMRX) is positive.