AMENTUM HOLDINGS INC (AMTM) Stock Technical Analysis
NYSE:AMTM - New York Stock Exchange, Inc. - US0239391016 - Common Stock - Currency: USD
Taking everything into account, AMTM scores 7 out of 10 in our technical rating. Although AMTM is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
AMTM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 25.32, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AMTM in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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23.00
When analyzing the support we can see 3 important areas.
- A support zone ranging from 25.08 to 25.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.87 to 24.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.23 from a trend 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 | UP | POSITIVE | The long term trend for AMTM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMTM is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | AMTM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMTM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMTM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AMTM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.06 | NEUTRAL | The RSI value for AMTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests AMTM has a positive trend. |
| Stochastics (14,3) | 82.5 | OVERBOUGHT | The high Stochastics value suggests AMTM may be overbought. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for AMTM suggests some volalility. |
| Average Directional Index/ADX (14) | 15.82 | NEGATIVE | The low ADX value for AMTM suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 26.64 | 25.07 | 1.57 (5.88%) | 17.02% |
| An entry @26.64. This is a Buy Stop order right above the 10 day high. | An exit @25.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.57 points, which is 5.88%. | For a 1.00% total portfolio risk, you can invest 17.02% of your capital in this trade. |
- 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.
26.53
+0.88 (+3.43%)