Amcor (AMC)

Download button icon Download

Amcor (AMC): Signals

No data currently available.

data-ad-format="auto">

Explore Compare Share

TECHNICAL ANALYSIS SUMMARY

Amcor (AMC.AX)


Indicator:

FIBONACCI FANS


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


Amcor (ASX:AMC) : The current Fibonacci Fan levels are:
(23.61%) $14.64
: (38.2%) $14.79
: (50%) $14.92
: (61.8%) $15.05

The current support levels are:
(78.6%) $15.23
(100%) $15.47
(138.2%) $15.87
(161.8%) $16.13
(261.8%) $17.22
(423.61%) $18.97



Fibonacci Fan lines are trend lines based on Fibonacci retracement points. Rising fan lines extend up from a trough and pass through retracement based on the advance (trough to peak). These fan lines can then be used to estimate support levels or potential reversal zones. Falling fan lines extend down from a peak and pass through retracements based on the decline (peak to trough). These fan lines can then be used to estimate resistance levels or potential reversal zones. This article will explain the Fibonacci ratios and provide examples using Fibonacci Fans to project support and resistance.

Calculation: Fibonacci Fans:
1) Uptrend Fan line 1: Drawn from extreme low through 23.6% retracement level on “invisible” vertical line;
a) Fan line 2: Drawn from extreme low through 38.2% retracement level on “invisible” vertical line;
b) Fan line 3: Drawn from extreme low through 50% retracement level on “invisible” vertical line Fan line;
c) Drawn from extreme low through 61.8% retracement level on “invisible” line;
2)Downtrend Fan line 1: Drawn from extreme high through 23.6% retracement level on “invisible” vertical line;
a) Fan line 2: Drawn from extreme high through 38.2% retracement level on “invisible” vertical line;
b) Fan line 3: Drawn from extreme high through 50% low retracement level on “invisible” vertical line;
c) Fan line 4: Drawn from extreme high through 61.8% retracement level on “invisible” vertical line;


PROFILE: Amcor (AMC.AX)


Stock Exchange: ASX
Company: Amcor
Ticker Codes: | AMC.AX | ASX:AMC |

About Amcor (ASX:AMC):

Amcor Limited provides packaging solutions in Western Europe, North America, Australia, New Zealand, and internationally. It operates through Amcor Rigid Plastics, Amcor Flexibles, and Other/Investments segments. The company manufactures rigid plastic containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. It also manufactures flexible and film packaging for the food and beverage industry, including confectionery, coffee, fresh food and dairy, and pet food packaging; and medical and pharmaceutical, fresh produce, and snack food segments. In addition, the company offers flexible packaging for specialty folding cartons for tobacco packaging and other industries; and packaging solutions for home and personal care products. Amcor Limited was incorporated in 1926 and is headquartered in Southbank, Australia.

Top 10:

Fibonacci Fans

Download button icon Download
Company Close Change (%) Volume Value Signal
TNG Tennant Creek Gold 0.12 9.1 224,267 -0.14 BEARISH
BLA Blue Sky 1.24 6.4 664,693 -0.95 BEARISH
GXY Galaxy Resources 2.34 6.4 5,770,582 -1.26 BEARISH
RSG Resolute Mining 1.13 6.1 7,017,929 -0.17 BEARISH
GCY Gascoyne Resources 0.28 5.7 781,017 -0.26 BEARISH
ONT 1300 Smiles 6.52 5.5 16,486 -1.15 BEARISH
MNY Money3 1.76 5.1 2,575,756 -0.98 BEARISH
BSE BSE 0.26 4 1,880,520 -0.32 BEARISH
RUL Runge 0.65 4 18,362 -0.02 BEARISH
BRN Brainchip Holdings 0.14 3.8 82,107 -0.09 BEARISH
back to top