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Downtrend Broken Resist.Archive
- 4/25/2025 -
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AMCOR LTD ADR (AMCR) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the AMCOR LTD ADR (AMCR). During the week, the AMCR gained 0.15 points, or 1.60%, and closed at 9.54 on Friday, April 25, 2025. Weekly volume was 104% above average.
 Long-term trend: [See AMCR long-term trend chart]
A long-term downtrend had started on September 27, 2024 at 11.48 and reached 8.37 on April 9, 2025. AMCR lost 3.11 points, or 27.09%, in 27 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See AMCR medium-term trend chart]
A medium-term downtrend had started on March 10, 2025 at 10.45 and reached 8.37 on April 9, 2025. AMCR lost 2.08 points, or 19.90%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (7.63) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AMCR may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See AMCR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 14, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See AMCR short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 8.37 and reached 9.69 on April 23, 2025. AMCR gained -1.32 points, or -15.77%, in 14 days. The price is now at the 11.36% retracement level.
 Daily Technical Indicators: [See AMCR daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 above its signal line since April 14, 2025. This is an indication that the short-term trend is up.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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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