AMERICA MOVIL SAB DE CV (AMX) Stock Technical Analysis
USA - NYSE:AMX - US02390A1016 - ADR
We assign a technical rating of 10 out of 10 to AMX. Both in the recent history as in the last year, AMX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, AMX also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 23.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.21, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AMX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
16.69
We found 2 important support areas.
- A support zone ranging from 22.60 to 23.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.86 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.27 to 23.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 AMX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMX is up. |
| ChartMill Relative Strength | 90.62 | POSITIVE | AMX has a high relative strength, it outperformed 90.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.68 | NEUTRAL | The RSI value for AMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests AMX has a negative trend. |
| Stochastics (14,3) | 76.09 | NEUTRAL | The Stochastics value for AMX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for AMX suggests low volalility. |
| Average Directional Index/ADX (14) | 33.01 | POSITIVE | The high ADX value value for AMX suggests a strong 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 |
|---|---|---|---|
| 23.51 | 22.59 | 0.92 (3.91%) | 25.00% |
| An entry @23.51. This is a Buy Stop order right above the resistance zone. | An exit @22.59. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.92 points, which is 3.91%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.98%. |
- 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.
23.22
-0.04 (-0.17%)
AMERICA MOVIL SAB DE CV / AMX FAQ
What is the technical rating for AMX stock?
ChartMill assigns a technical rating of 10 / 10 to AMX.
What is the current trend direction of AMERICA MOVIL SAB DE CV (AMX) stock?
The current trend direction for AMERICA MOVIL SAB DE CV (AMX) is Bullish.
What is the RSI signal for AMX stock?
AMERICA MOVIL SAB DE CV (AMX) has an RSI value of 62.6844. This indicates that the stock is currently neutral.
What is the short term momentum for AMERICA MOVIL SAB DE CV (AMX) stock?
The short term momentum for AMERICA MOVIL SAB DE CV (AMX) is positive.
Can you provide the support and resistance levels for AMERICA MOVIL SAB DE CV?
AMERICA MOVIL SAB DE CV (AMX) has a support level at 23.21 and a resistance level at 23.27. Check the full technical report for our detailed analysis of AMX support and resistance levels.