AEMETIS INC (AMTX) Stock Technical Analysis
NASDAQ:AMTX • US00770K2024
Taking everything into account, AMTX scores 1 out of 10 in our technical rating. AMTX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, AMTX is a bad performer in the overall market: 83% of all stocks are doing better.
- AMTX is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, of which 84% are performing better than AMTX.
- AMTX 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.
- In the last month AMTX has a been trading in the 1.42 - 1.91 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, AMTX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
1.37
When analyzing the support we can see 2 important areas.
- Support @1.45 from a horizontal line in the daily time frame.
- Support @1.38 from a trend line in the weekly time frame.
We can see 6 important resistance areas.
- Resistance @1.47 from a trend line in the daily time frame.
- A resistance zone ranging from 1.52 to 1.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.60 to 1.62. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @1.73 from a trend line in the daily time frame.
- Resistance @1.97 from a trend line in the weekly time frame.
- Resistance @2.40 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 AMTX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMTX is down. |
| ChartMill Relative Strength | 17.21 | NEGATIVE | AMTX has a low relative strength, it was outperformed by 82.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AMTX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AMTX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.83 | NEUTRAL | The RSI value for AMTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AMTX has a negative trend. |
| Stochastics (14,3) | 18.05 | OVERSOLD | The low Stochastics value suggests AMTX may be oversold. |
| Average True Range in percent/ATR (20) | 9.29 | HIGH VOLATILITY | The high ATR as a percentage value for AMTX suggests high volalility. |
| Average Directional Index/ADX (14) | 11.17 | NEGATIVE | The low ADX value for AMTX suggests a weak or negative trend. |
1.47
-0.03 (-2%)
AEMETIS INC / AMTX FAQ
Can you provide the ChartMill technical rating for AEMETIS INC?
ChartMill assigns a technical rating of 1 / 10 to AMTX.
Can you provide the trend direction for AEMETIS INC?
The current trend direction for AEMETIS INC (AMTX) is Bearish.
What is the RSI signal for AMTX stock?
AEMETIS INC (AMTX) has an RSI value of 44.8257. This indicates that the stock is currently neutral.
What is the MACD signal for AMTX stock?
The MACD indicator for AEMETIS INC (AMTX) has a value of -0.0119767, indicating a bearish trend.
What is the buy/sell signal for AMTX stock?
The buy/sell signal for AEMETIS INC (AMTX) is sell as both the short term and long term trends are negative.