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Downtrend ResistanceArchive
- 10/4/2024 -
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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 dropped -0.15 points, or -1.32%, and closed at 11.20 on Friday, October 4, 2024. Weekly volume was -15% below average.
 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 price is now at the 9.24% retracement level.
Medium-term trend: [See AMCR medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 8.78 and reached 11.48 on September 27, 2024. AMCR gained -2.70 points, or -30.75%, in 32 weeks. The price is now at the 10.37% retracement level.
 Weekly Technical Indicators: [See AMCR weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 weekly MACD line is above its signal line since April 26, 2024. This is an indication that the medium-term trend is up. 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 September 11, 2024 at 10.81 and reached 11.48 on September 27, 2024. AMCR gained -0.67 points, or -6.20%, in 16 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See AMCR daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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