NEW AMBRX BIOPHARMA INC (AMAM)

US6418711080 - Common Stock

28  +0.02 (+0.07%)

After market: 28 0 (0%)

Technical Rating and Analysis

10

Taking everything into account, AMAM scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, AMAM has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that AMAM is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by AMAM over the past year are nicely spread over this period.
AMAM is part of the Biotechnology industry. There are 568 other stocks in this industry. AMAM outperforms 96% of them.
AMAM is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AMAM is leading the market.
AMAM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
AMAM has an average volume of 2013640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month AMAM has a been trading in a tight range between 27.51 and 28.03.
Weekly and Daily overview Charts
AMAM Weekly chart
AMAM Daily chart
Setup Rating and Analysis

8

AMAM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 28.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.95, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AMAM in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • 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.
Support and Resistance Analysis

14.77

28.37

3 important support areas can be observed.

  • A support zone ranging from 27.70 to 27.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @19.02 from a trend line in the daily time frame.
  • Support @14.92 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 28.01 to 28.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
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
CRS98.51
Mansfield6.34
10 Day High28.03
10 Day Low27.9
20 Day High28.03
20 Day Low27.51
52 Week High28.15
52 Week Low6.55
Performance
1 Week0.21%
2 Weeks1.08%
1 Month0.79%
3 Month109.9%
6 Month129.32%
12 Month188.96%
2 Year579.61%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
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)-0.24
RSI(14)82.2
LBB27.69
UBB28.09
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
28.1027.890.21 (0.75%)25.00%
An entry @28.10. This is a Buy Stop order right above the resistance zone.An exit @27.89. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.21 points, which is 0.75%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.19%.

  • 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.
AMAM Daily chart

NEW AMBRX BIOPHARMA INC

NASDAQ:AMAM (3/6/2024, 8:00:01 PM)

After market: 28 0 (0%)

28

+0.02 (+0.07%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.07%
1 Week0.21%
2 Weeks1.08%
1 Month0.79%
3 Month109.9%
6 Month129.32%
12 Month188.96%
2 Year579.61%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.28%
ATR Inc-76.05%
Range Today0.02
ADR(20)0.07
ADR(20)%0.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.51
Mansfield6.34
10 Day High28.03
10 Day Low27.9
20 Day High28.03
20 Day Low27.51
52 Week High28.15
52 Week Low6.55
CS1 End27.95
CR1 Start28.01
Volume & EV
DER(3)3.03%
DER(5)1.65%
Volume1.44M
Volume Incr3.37%
Vol(5)1.50M
Vol(50)2.01M