AMERICAN WELL CORP-CLASS A (AMWL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AMWL - US03044L2043 - Common Stock
Taking everything into account, AMWL scores 0 out of 10 in our technical rating. AMWL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
AMWL has a poor technical rating and the quality of the setup is also not perfect 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
3.93
4 important resistance areas can be observed.
- Resistance @4.97 from a trend line in the weekly time frame.
- A resistance zone ranging from 5.16 to 5.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.18 from a trend line in the daily time frame.
- Resistance @6.46 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 AMWL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMWL is down. |
| ChartMill Relative Strength | 4.96 | NEGATIVE | AMWL has a low relative strength, it was outperformed by 95.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMWL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMWL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMWL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.12 | NEUTRAL | The RSI value for AMWL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AMWL has a positive trend. |
| Stochastics (14,3) | 9.06 | OVERSOLD | The low Stochastics value suggests AMWL may be oversold. |
| Average True Range in percent/ATR (20) | 6.57 | HIGH VOLATILITY | The high ATR as a percentage value for AMWL suggests high volalility. |
| Average Directional Index/ADX (14) | 60.11 | POSITIVE | The high ADX value value for AMWL suggests a strong trend. |
3.97
+0.13 (+3.39%)
AMERICAN WELL CORP-CLASS A / AMWL FAQ
Can you provide the ChartMill technical rating for AMERICAN WELL CORP-CLASS A?
ChartMill assigns a technical rating of 0 / 10 to AMWL.
What is the trend direction for AMWL stock?
The current trend direction for AMERICAN WELL CORP-CLASS A (AMWL) is Bearish.
Can you provide the RSI signal for AMERICAN WELL CORP-CLASS A?
AMERICAN WELL CORP-CLASS A (AMWL) has an RSI value of 32.1194. This indicates that the stock is currently neutral.
What is the short term momentum for AMERICAN WELL CORP-CLASS A (AMWL) stock?
The short term momentum for AMERICAN WELL CORP-CLASS A (AMWL) is negative.
What is the support and resistance level for AMWL stock?
AMERICAN WELL CORP-CLASS A (AMWL) has a resistance level at 4.97. Check the full technical report for our detailed analysis of AMWL support and resistance levels.