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Paper Packaging Industry Stocks Technical Analysis - AMCRArchive
- 11/8/2024 -
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AMCOR LTD ADR (AMCR) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was the negative week for the AMCOR LTD ADR (AMCR). During the week, the AMCR gave back -0.04 points, or -0.39%, and closed at 10.22 on Friday, November 8, 2024. AMCR was trading at average weekly trading volume.
 Long-term trend: [See AMCR long-term trend chart]
A long-term uptrend had started on October 23, 2023 at 8.45 and reached 11.48 on September 27, 2024. AMCR gained -3.03 points, or -35.86%, in 48 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 9.29 and resistance is at 11.62. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See AMCR medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 11.48 and reached 10.13 on November 4, 2024. AMCR lost 1.35 points, or 11.76%, in 5 weeks. The price is now at the 6.67% retracement level.
 Weekly Technical Indicators: [See AMCR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See AMCR short-term trend chart]
A short-term downtrend had started on October 15, 2024 at 11.46 and reached 10.13 on November 4, 2024. AMCR lost 1.33 points, or 11.61%, in 20 days. The price is now at the 6.77% retracement level.
 Daily Technical Indicators: [See AMCR daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since October 16, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands is 111.79% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Materials |
4 |
| Industry |
Paper Packaging |
58 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
11.46 |
| High Date |
10/15/2024 |
| Low |
10.13 |
| Low Date |
11/04/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
11.48 |
| High Date |
09/27/2024 |
| Low |
10.13 |
| Low Date |
11/04/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
8.78 |
| Low Date |
02/13/2024 |
| High |
11.48 |
| High Date |
09/27/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
11.62 |
| Support |
9.29 |
| Low |
8.45 |
| Low Date |
10/23/2023 |
| High |
11.48 |
| High Date |
09/27/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
13.61 |
| High Date |
06/06/2022 |
| Low |
8.45 |
| Low Date |
10/23/2023 |
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