AMTD IDEA GROUP (AMTD) Stock Technical Analysis
NYSE:AMTD • US00180G3048
Taking everything into account, AMTD scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. AMTD was also a bad performer in the overall market in the last year.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 72% of all other stocks performed better in the past year than AMTD.
- AMTD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- AMTD is part of the Capital Markets industry. There are 237 other stocks in this industry, AMTD did better than 55% of them.
- In the last month AMTD has a been trading in the 0.95 - 1.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, AMTD does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.00, a Stop Loss order could be placed below this zone.
More info and screens
0.96
When analyzing the support we notice one important area.
- A support zone ranging from 0.97 to 1.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.02 to 1.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.14 to 1.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.18 from a trend line in the weekly time frame.
- Resistance @1.25 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 | DOWN | NEGATIVE | The long term trend for AMTD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMTD is neutral. |
| ChartMill Relative Strength | 28.8 | NEGATIVE | AMTD has a low relative strength, it was outperformed by 71.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMTD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AMTD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMTD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.84 | NEUTRAL | The RSI value for AMTD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AMTD has a positive trend. |
| Stochastics (14,3) | 67.47 | NEUTRAL | The Stochastics value for AMTD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for AMTD suggests some volalility. |
| Average Directional Index/ADX (14) | 14.28 | NEGATIVE | The low ADX value for AMTD suggests a weak or negative trend. |
1.0158
+0.02 (+2.08%)
AMTD IDEA GROUP / AMTD FAQ
What is the ChartMill technical rating of AMTD IDEA GROUP (AMTD) stock?
ChartMill assigns a technical rating of 2 / 10 to AMTD.
Can you provide the trend direction for AMTD IDEA GROUP?
The current trend direction for AMTD IDEA GROUP (AMTD) is Bearish.
What is the RSI signal for AMTD IDEA GROUP (AMTD) stock?
AMTD IDEA GROUP (AMTD) has an RSI value of 52.8411. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AMTD IDEA GROUP?
The MACD indicator for AMTD IDEA GROUP (AMTD) has a value of 0.00296755, indicating a bearish trend.