Australian Securities Exchange

Amcor
+ Share

Price was difficult to move upward in recent trading on high volume causing an uptrend in price for AMC
Ease of Movement /
Price was difficult to move upward in recent trading on high volume causing an uptrend in price for AMC

AMC: EOM Current Signal -> (1) 14 Aug: BULLISH HARD (2) 13 Aug: BULLISH HARD (3) 10 Aug: BULLISH HARD

Amcor (AMC): Dark Cloud Cover short-term pattern has been confirmed
Dark Cloud Cover /
Amcor (AMC): Dark Cloud Cover short-term pattern has been confirmed

[BEARISH]: Amcor has formed a new bearish Dark Cloud Cover reversal pattern. This means, AMC has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.

Fibonacci Fans /
Long positions for Amcor should be set between $0 & $16.38

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 @$16.38 & Stoploss for Amcor should be set between $15.96

Simple Moving Average /
[Uptrend]: Recent trading for AMC indicates ST trend is likely to continue

[BULLISH]: Amcor currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.1%.

Woodie Pivot Point /
Amcor has moved above the R1 Woodie pivot point ($14.313) [Bullish]

Amcor has broken the first Woodie resistance point ($14.313) [Bullish]. Look for a long limit order entry near this point. Exit price for AMC should be set @$14.399 & Stoploss for Amcor should be set at $14.109

Accumulation / Distribution /
AMC.AX: Current trading activity signals accumulation is active

[BULLISH]: Amcor (ASX:AMC) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 4.03141e+006.

A short term Close Reversal has formed with Amcor
Close Reversal /
A short term Close Reversal has formed with Amcor

[BEARISH]: A short term Close Reversal has formed with Amcor which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 5 occurrences of this bar reversal giving a signal probability of 1.9%.

Donchian Channels /
Donchian Overbought signal continues for Amcor indicating downward price movement is likely

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

Daily trading has confirmed an ATR downtrend (0.243) for Amcor
Average True Range /
Daily trading has confirmed an ATR downtrend (0.243) for Amcor

[Bearish]: Average True Range has confirmed an downtrend is present. Amcor has a TR of 0.145, and an ATR(14) of 0.243.

The biggest downward movement for Amcor this month has been -5.8
Close Tod Vs Close Yest /
The biggest downward movement for Amcor this month has been -5.8

AMC: Recent performance signals ->(1) 14 Aug: NEUTRAL (2) 13 Aug: BULLISH (3) 10 Aug: BULLISH

Percentage Price /
Amcor: Price Percentage Oscillator

[BEARISH]: Amcor currently has negative PPO -0.214%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Long Trend /
Amcor has maintained the 3rd timeframe trend [Uptrend]

AMC: Long Term Trend Current Signal -> (1) 14 Aug: BULLISH (2) 13 Aug: BULLISH (3) 10 Aug: BULLISH

Amcor: Volume MACD oscillator (242419)
MACD Volume /
Amcor: Volume MACD oscillator (242419)

[BULLISH]: Amcor currently has positive Volume MACD of 242419. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

This is the first day buyers have increased eagerness for AMC adding strength to an uptrend in the first timeframe.
Range Tod Vs Range Yest /
This is the first day buyers have increased eagerness for AMC adding strength to an uptrend in the first timeframe.

AMC: Range today versus range yesterday Current Signal ->(1) 14 Aug: BULLISH (2) 13 Aug: BEARISH (3) 10 Aug: BEARISH

Pivot Points /
Amcor has broken the first resistance point ($14.321) [Bullish]

Amcor has broken the first resistance point ($14.321) [Bullish]. Look for a long limit order entry near this point. Exit price for AMC should be set @$14.403 & Stoploss for Amcor should be set between $14.113 & $14.031

Black Candle /
AMC Basic Candle: Black

AMC: Basic Candlestick Current Signal -> (1) 14 Aug: BEARISH (2) 13 Aug: BULLISH WEAK (3) 10 Aug: BULLISH

Volume Rate of Change /
14-day volume rate of change is increasing for Amcor

[BULLISH]: Amcor currently has positive volume of change of 90%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.1%.

Lower envelope oversold signal had been maintained for Amcor
Moving Average Envelope /
Lower envelope oversold signal had been maintained for Amcor

[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 13.8035.

Stochastic Oversold signal is still current for Amcor [Bullish]
Stochastic Oscillator /
Stochastic Oversold signal is still current for Amcor [Bullish]

AMC: Stochastic Oscillator Signal -> (1) 14 Aug: BULLISH (2) 13 Aug: BULLISH (3) 10 Aug: BEARISH CROSSUNDER

Price continues to trade below the Triangular Moving Average(5) for AMC
Triangular Moving Average /
Price continues to trade below the Triangular Moving Average(5) for AMC

[BEARISH]: Amcor currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.1%.

Exponential Moving Average /
Exponential Moving Average(5) signal continues for Amcor indicating downward price movement is likely

[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 -0.1%.

Ulcer Index /
Drawdown for Amcor is currently low signalling low stress

[BEARISH]: Amcor UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.589.

Open Tod Vs Close Tod /
AMC: Over the last 12 months there has been 54 trading days with the opening price in the upper shadow & the closing the price in the lower shadow

[BEARISH STRONG]: Amcor opened in the upper part of daily range at 93.1% & closed in the lower part of the trading range at 31%. This suggests the sellers were in control all day. Over the last 12 months there has been 54 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 20.5%. Over the last month there has been 2 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 20%.

Bill Williams Market Facilitation /
Recent trading has confirmed a Green Day for Amcor

Amcor Currently is a confirmed Green Day. Both MFI & volume are down for AMC. Trend continuation likely for AMC from increased trading activity.

The MACD continues to fall below the signal line for AMC [Bearish]
MACD /
The MACD continues to fall below the signal line for AMC [Bearish]

[BEARISH]: Amcor currently has negative MACD of -0.1576. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -1%.

[Uptrend]: The second timeframe trend has continued for AMC
Medium Trend /
[Uptrend]: The second timeframe trend has continued for AMC

[BULLISH]: Amcor is in an uptrend in the medium term timeframe. The current rally number is 54 & the highest rally count for the LTM is 54. The highest rally for the month is 10

Close Tod Vs Range Tod /
Amcor closed in the lower part of daily range at 31%.

[BEARISH]: Amcor sellers in control. This is the first day of seller commitment for Amcor adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 84 trading days with the closing price in the lower part of the range giving a confirmation ratio of 31.9%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 30%. Currently this quarter, closing price has spent 7 days in the lower price range compared to 12 days in the upper range giving a ratio of 0.6x.

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