AMC | Australian Stock Exchange

Amcor
+ Share

Traders are currently accumulating Amcor
Daily Volume Index /
Traders are currently accumulating Amcor

[BULLISH]: Amcor current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1000.

AMC: Commodity Channel Index has continued confirmed overbought trading conditions
Commodity Channel Index /
AMC: Commodity Channel Index has continued confirmed overbought trading conditions

[BEARISH]: Amcor current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 149. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 149.

Williams %R /
Initiation of overbought signal for Amcor [Bearish Crossover]

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

Stochastic Oscillator /
Amcor is still Overbought with the Stochastic Oscillator @92.5

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

Opening Price /
Recent trading for Amcor has opened -0.1 % lower than previous session

[BEARISH]: Amcor opening price has gapped down. Currently, the OPEN is $14.51 (-0.1 %).

Open Tod Vs Close Tod /
Amcor: Buyers were in control all day.

[BULLISH STRONG]: Amcor opened in the lower part of daily range at 4.8% & closed in the upper part of the trading range at 76.2%. This suggests the buyers were in control all day. Over the last 12 months there has been 57 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 21.7%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 13.3%.

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Sine Weighted Moving Average /
[Bullish]: SWMA(5) is serving as a support line for Amcor

AMC: SWMA Current Signal -> (1) 20 Jul: BULLISH (2) 19 Jul: BULLISH (3) 18 Jul: BULLISH

Market conditions are indicating OBV accumulation is current for AMC
On Balance Volume /
Market conditions are indicating OBV accumulation is current for AMC

AMC: OBV Current Signal ->(1) 20 Jul: BULLISH (2) 19 Jul: BULLISH (3) 18 Jul: BULLISH

The EMA trend following signal is still current for Amcor [Bullish]
Exponential Moving Average /
The EMA trend following signal is still current for Amcor [Bullish]

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

Medium Trend /
[Uptrend]: The second timeframe trend for Amcor remains intact

[BULLISH]: Amcor has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jul 17 2018.

Volume Rate of Change /
Negative VROC: Price is lower for Amcor than 14 days ago

[BEARISH]: Amcor currently has negative rate of change of -36%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.8%.

Close Tod Vs Range Tod /
This is the first day of buyer commitment for Amcor adding strength to an uptrend in the first timeframe

AMC: Close versus price range Current Signal ->(1) 20 Jul: BULLISH (2) 19 Jul: BEARISH (3) 18 Jul: NEUTRAL

The TMA trend following signal is still current for Amcor [Bullish]
Triangular Moving Average /
The TMA trend following signal is still current for Amcor [Bullish]

[BULLISH]: Amcor currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.8%.

5-day momentum is increasing for Amcor
Momentum /
5-day momentum is increasing for Amcor

[BULLISH]: Amcor currently has positive momentum of 0.31. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.8%. The largest upward momentum rally for the last 3 months is 7 days producing a return of 3.9%.

Average Directional Movement /
Daily trading has confirmed an ADX weak trend (18.96) for Amcor

[Weak Trend]: ADX for AMC has confirmed a weak trend is present. Amcor has an ATR(14) of 0.209, a DX of 34.46 & an ADX(14) of 18.96

Closing Price /
Amcor: Daily closing price is $14.66 [Bullish]

[BULLISH]: Amcor current uptrend in the first timeframe. Currently, the Close is $14.66.

Demarks Pivot Points /
Long positions for Amcor should be set between $14.645 & $14.79

Amcor has broken the first DeMark resistance point ($14.6450) [Bullish]. Look for a long limit order entry near this point. Exit price for AMC should be set @$14.79 & Stoploss for Amcor should be set at $14.58

AMC Basic Candle: Long White
Long White Candle /
AMC Basic Candle: Long White

[BULLISH]: Amcor has formed a Long White candlestick. This means, AMC has traded with strong buying pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Amcor: MACD oscillator (0.0429)
MACD /
Amcor: MACD oscillator (0.0429)

AMC: MACD Current Signal -> (1) 20 Jul: BULLISH (2) 19 Jul: BULLISH (3) 18 Jul: BULLISH

[Bearish]: Amcor currently has negative Volume MACD histogram -85809
MACD Volume /
[Bearish]: Amcor currently has negative Volume MACD histogram -85809

[BEARISH]: Amcor currently has negative Volume MACD of -85809. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Bear Harami /
Amcor: Bear Harami

[BEARISH]: Amcor has formed a new Bear Harami reversal pattern.

Pivot Points /
Amcor: Look for a long limit order entry @$14.746

Amcor has broken the first resistance point ($14.746) [Bullish]. Look for a long limit order entry near this point. Exit price for AMC should be set @$14.833 & Stoploss for Amcor should be set between $14.413 & $14.326

Three White Soldiers /
Amcor: Three White Soldiers

[BULLISH]: Amcor has formed a new Three White Soldiers pattern.

Woodie Pivot Point /
Amcor has moved above the R1 Woodie pivot point ($14.766) [Bullish]

Amcor current pivot point (Woodie) is: $14.633. The current resistance levels are: (R1) $14.766: (R2) $14.843The current support levels are: (S1) $14.556: (S2) $14.423

Positive ROC for AMC is a leading indicator for continued price rise
Rate of Change /
Positive ROC for AMC is a leading indicator for continued price rise

[BULLISH]: Amcor currently has positive rate of change of 2.303%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Oversold signal for the Lower Envelope band is still current for Amcor
Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current 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 13.5565.

Close Tod Vs Close Yest /
Buyers continue to be keener than sellers for Amcor & are driving the price up.

[BULLISH]: Amcorbuyers are keener than sellers and are driving the price up. There has been 3 consecutive days of price rise for AMC adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 1.1 & the greatest daily positive change this year has been 2.6. The longest consecutive upswing rally over the last 12 months has been 11 days giving a total rally upward movement of 5.5%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 2.1%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.1x. Over the last month the average daily upward movement has been 0.500000%

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