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Amag Pharmaceuticals (AMAG) Stock Technical Analysis

NASDAQ:AMAG - Nasdaq -

13.75  +0.02 (+0.15%)

After market: 13.76 +0.01 (+0.07%)

Technical Rating and Analysis

9

We assign a technical rating of 9 out of 10 to AMAG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AMAG is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
AMAG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
AMAG has an average volume of 2054660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, AMAG did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month AMAG has a been trading in a tight range between 13.61 and 13.76.

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Weekly and Daily overview Charts
Amag Pharmaceuticals / AMAG Weekly stock chart
Amag Pharmaceuticals / AMAG Daily stock chart
Setup Rating and Analysis

9

AMAG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 13.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.74, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

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Support and Resistance Analysis

9.52

13.90

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 13.68 to 13.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @10.15 from a trend line in the daily time frame.
  • Support @9.81 from a trend line in the weekly time frame.
  • Support @9.62 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 13.76 to 13.76. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.08
Mansfield2.67
10 Day High13.76
10 Day Low13.61
20 Day High13.76
20 Day Low13.61
52 Week High13.8
52 Week Low4.41
Performance
1 Week0.22%
2 Weeks0.22%
1 Month0.88%
3 Month30.09%
6 Month100.44%
12 Month39.45%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A

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Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

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Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.12
RSI(14)72.23
LBB13.68
UBB13.75

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
13.7713.670.10 (0.73%)25.00%
An entry @13.77. This is a Buy Stop order right above the resistance zone.An exit @13.67. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.10 points, which is 0.73%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.18%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

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Amag Pharmaceuticals / AMAG Daily stock chart

Amag Pharmaceuticals

NASDAQ:AMAG (11/13/2020, 8:00:46 PM)

After market: 13.76 +0.01 (+0.07%)

13.75

+0.02 (+0.15%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.15%
1 Week0.22%
2 Weeks0.22%
1 Month0.88%
3 Month30.09%
6 Month100.44%
12 Month39.45%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.34%
ATR Inc-38.2%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.08
Mansfield2.67
10 Day High13.76
10 Day Low13.61
20 Day High13.76
20 Day Low13.61
52 Week High13.8
52 Week Low4.41
CS1 End13.74
CR1 Start13.76
Volume & EV
DER(3)-1.37%
DER(5)-0.45%
Volume1.53M
Volume Incr67.73%
Vol(5)2.07M
Vol(50)2.05M