Technical analysis from Amcor (AMC.AX.AX, ASX:AMC.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Amcor
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Price volatility is low for AMC based on the lower price range ($0.22) [Downtrend]
Price Range /
Price volatility is low for AMC based on the lower price range ($0.22) [Downtrend]

[BEARISH]: Amcor current downtrend in the first timeframe. Currently, the Range is $0.22.

Amcor: Closing price $14.83 is below the EMA(5) @$15.0387
Exponential Moving Average /
Amcor: Closing price $14.83 is below the EMA(5) @$15.0387

[BEARISH]: Amcor currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.8%.

Rate of Change /
Rate of change is now building for Amcor signalling a short term downtrend is likely

[BEARISH CROSSOVER]: Amcor currently has negative rate of change of -4.9%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Percentage Volume /
Amcor: Percentage Volume Oscillator (-5.9)

AMC: PVO Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH

Low Price /
Amcor: Daily low performance is -1 % [Downtrend]

[BULLISH]: Amcor current downtrend in the first timeframe. Currently, the Low is $14.73 (-1 %).

Medium Trend /
AMC: Medium term trend has confirmed an Downtrend

[BEARISH]: Amcor has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Jan 8 2018.

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Stochastic Oscillator /
Stochastic oversold signal had been initiated for Amcor

[BULLISH]: Amcor is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Amcor: Aroon oscillator (-92) has confirmed a strong downtrend is present
Aroon Oscillator /
Amcor: Aroon oscillator (-92) has confirmed a strong downtrend is present

[BEARISH]: Amcor has a current ARU(25) of 8 and a current ARD(25) of 100

High for AMC has not surpassed the high of the previous trading session
High Price /
High for AMC has not surpassed the high of the previous trading session

[BEARISH]: Amcor current downtrend in the first timeframe. Currently, the HIGH is -1.6 %.

Fibonacci Retracements /
Limit order for a long position has been identified for Amcor @$0)

Amcor is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for AMC should be set @$163.24 & Stoploss for Amcor should be set between $153.99

Daily Volume Index /
Amcor is now being distributed based on DVI

[BEARISH CROSSOVER]: Amcor current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Percentage Price /
Amcor: Price Percentage Oscillator (-0.760)

[BEARISH CROSSOVER]: Amcor currently has negative PPO -0.800%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Amcor: Sellers have lost commitment.
Open Tod Vs Close Tod /
Amcor: Sellers have lost commitment.

[BEARISH WEAK]: Amcor opened in the upper part of daily range at 77.3% & closed in the middle part of the trading range at 45.5%. This suggests the sellers have lost commitment. Over the last 12 months there has been 39 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 14.9%. Over the last month there has been 5 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 62.5%.

Market conditions are indicating distribution is now confirmed for AMC
Accumulation / Distribution /
Market conditions are indicating distribution is now confirmed for AMC

[BEARISH CROSSOVER]: Amcor current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Fibonacci Extensions /
Amcor has broken above the 161.8% extension level ($0) [Bearish]

Amcor has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for AMC should be set @$0 & short position stoploss for Amcor should be set at $0

Opening Price /
AMC opening price of $14.9 (-2 %)

[BEARISH]: Amcor opening price has gapped down. Currently, the OPEN is $14.9 (-2 %).

Chaikin Money Flow /
CMF Crossover & commencement of potential trend change for Amcor

[BEARISH CROSSOVER]: Amcor current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.13. During the quarter, the lowest CMF value was -0.13

OBV: Distribution still active for Amcor
On Balance Volume /
OBV: Distribution still active for Amcor

[BEARISH]: Amcor current price has highlighted recent distribution. Currently, the OBV is -1.7069e+007.

Closing price for AMC is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for AMC is still below the lower envelope signalling a bullish movement

[BULLISH]: Amcor current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 14.6585.

Amcor: Average Directional Index (15.78) has confirmed a weak trend is present
Average Directional Movement /
Amcor: Average Directional Index (15.78) has confirmed a weak trend is present

[Weak Trend]: ADX for AMC has confirmed a weak trend is presentAmcor has an ATR(14) of 0.207, a DX of 42.62 & an ADX(14) of 15.78

Momentum /
Momentum(5) is now decreasing for Amcor

[BEARISH CROSSOVER]: Amcor currently has negative momentum of -0.46 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.8%.The largest downward momentum rally for the last 3 months is 11 days producing a return of -3.7%%.

Williams %R /
Initiation of oversold signal for Amcor

[BEARISH]: Amcor is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

MACD Volume /
Volume MACD for Amcor is now gaining momentum @287354)

[BULLISH CROSSOVER]: Amcor currently has positive Volume MACD of 287354. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Money Flow Index /
The MFI for Amcor has returned to stable trading conditions

[NEUTRAL]: Amcor current trading price has closed out money flow index oversold status and signalled the initiation of normal trading conditions. Currently, the MFI is 25.08. The previous bullish signal was active for 0 day. During the quarter, the lowest MFI value was 25.08.

The CCI indicator for Amcor has fallen below the oversold limit
Commodity Channel Index /
The CCI indicator for Amcor has fallen below the oversold limit

[BULLISH CROSSOVER]: Amcor current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is -228. During the quarter, the lowest CCI value was -228. The last oversold signal occurred on Jan 4 2018

Amcor: Average True Range (0.207) has confirmed an uptrend is present
Average True Range /
Amcor: Average True Range (0.207) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. Amcor has a TR of 0.22, and an ATR(14) of 0.207.

Short Trend /
AMC: Short term trend is still an Downtrend

[BEARISH]: Amcor is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

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