AMETEK INC (AME) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AME - US0311001004 - Common Stock
We assign a technical rating of 9 out of 10 to AME. Both in the recent history as in the last year, AME has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, AME 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 203.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 202.11, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AME 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.
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151.21
We found 4 important support areas.
- A support zone ranging from 194.24 to 202.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 189.14 to 189.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 176.32 to 181.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @152.74 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 203.30 to 203.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AME is up. |
| ChartMill Relative Strength | 70.81 | POSITIVE | AME has a high relative strength, it outperformed 70.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AME is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.18 | NEUTRAL | The RSI value for AME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests AME has a positive trend. |
| Stochastics (14,3) | 70.34 | NEUTRAL | The Stochastics value for AME is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for AME suggests low volalility. |
| Average Directional Index/ADX (14) | 24.54 | NEUTRAL | The ADX value for AME suggests a possible start of a new trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 203.86 | 195.81 | 8.05 (3.95%) | 25.00% |
| An entry @203.86. This is a Buy Stop order right above the resistance zone. | An exit @195.81. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 8.05 points, which is 3.95%. | For a 0.99% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
203.29
+1.33 (+0.66%)
AMETEK INC / AME FAQ
What is the technical rating for AME stock?
ChartMill assigns a technical rating of 9 / 10 to AME.
What is the trend direction for AME stock?
The current trend direction for AMETEK INC (AME) is Bullish.
What is the RSI signal for AME stock?
AMETEK INC (AME) has an RSI value of 60.1801. This indicates that the stock is currently neutral.
What is the MACD signal for AME stock?
The MACD indicator for AMETEK INC (AME) has a value of 0.105842, indicating a bearish trend.
Can you provide the support and resistance levels for AMETEK INC?
AMETEK INC (AME) has a support level at 202.11 and a resistance level at 203.3. Check the full technical report for our detailed analysis of AME support and resistance levels.