Amcor

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Amcor: 0.618 Fibonacci Retraction (15.49)

Amcor: The current Fibonacci Retraction levels are: (23.61%) $16.5: (38.2%) $15.66: (50%) $15.58: (61.8%) $15.49The current support levels are: (78.6%) $15.37: (100%) $15.21: (138.2%) $14.93: (161.8%) $14.76: (261.8%) $14.03: (423.61%) $12.85

Amcor has initiated a negative momentum of -0.15

[BEARISH CROSSOVER]: Amcor currently has negative momentum of -0.15 This means the current price is less than the price 14 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 1 days producing a return of 0%.

Amcor: 0.618 Fibonacci Fan ($16.07)

Amcor: The current Fibonacci Fan levels are: (23.61%) $17.12: (38.2%) $16.25: (50%) $16.17: (61.8%) $16.07The current support levels are: (78.6%) $15.95: (100%) $15.78: (138.2%) $15.49: (161.8%) $15.32: (261.8%) $14.56: (423.61%) $13.33

Amcor continues negative divergence & potential shift in direction

[BEARISH]: Amcor current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.16. Amcor (ASX:AMC) received a confirmed CMF crossover days on the May 7 2019. The bearish signal has been active for 3 days. During the quarter, the lowest CMF value was -0.16 occurring on the May 7 2019.

Over the last month the average daily loss ratio has been -0.700000%

[BEARISH]: Amcorsellers are keener than buyers and are driving the price down. There has been 3 consecutive days of price decline for AMC adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.4 & the greatest daily negative change this year has been -1.4. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -8.3%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -2.2%. The loss ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -0.700000%

Amcor: Sellers have lost commitment.

Amcor: Sellers have lost commitment.

[BEARISH WEAK]: Amcor opened in the upper part of daily range at 68.4% & closed in the middle part of the trading range at 63.2%. This suggests the sellers have lost commitment. Over the last 12 months there has been 1 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 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 5.6%.

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