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Advanced TA SearchArchive - 7/19/2024 - Sign In to see current Signals. |
AMCOR LTD ADR (AMCR) Technical Analysis
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| Summary:
| | Weekly :![Williams' Percentage Range is overbought](images\bearish.gif) ![Trend resistance at 10.25](images\alert_signals.gif) ![Broken trend resistance line](images\alert_signals.gif) | | Daily :![Williams' Percentage Range and Lane's Stochastic are overbought](images\bearish.gif) ![The price has fallen below the Parabolic SAR](images\bearish.gif) Move cursor over the icon to see details.
| | It was a second positive week after 5 consecutive negative weeks for the AMCOR LTD ADR (AMCR). During the week, the AMCR gained 0.20 points, or 2.02%, and closed at 10.11 on Friday, July 19, 2024. Weekly volume was 57% above average.
Long-term trend: [See AMCR long-term trend chart] A long-term downtrend had started on June 6, 2022 at 13.61 and reached 8.45 on October 23, 2023. AMCR lost 5.16 points, or 37.91%, in 72 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (10.25). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
Medium-term trend: [See AMCR medium-term trend chart] A medium-term downtrend had started on May 13, 2024 at 10.51 and reached 9.44 on July 5, 2024. AMCR lost 1.07 points, or 10.18%, in 7 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (9.30) 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 link to access Williams' Percentage Range help. The weekly MACD line is above its signal line since April 26, 2024. The distance between MACD and the signal line is low and getting smaller. 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 July 5, 2024 at 9.44 and reached 10.49 on July 18, 2024. AMCR gained -1.05 points, or -11.12%, in 13 days. The chart has formed a Broadening Ascending Wedge chart pattern.
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. Use the following link to access Lane's Stochastic help. The daily MACD line is above its signal line since July 11, 2024. This is an indication that the short-term trend is up. 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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