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Paper Packaging Industry Stocks Technical Analysis - AMCRArchive
- 10/23/2026 -
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AMCOR LTD ADR (AMCR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the AMCOR LTD ADR (AMCR). During the week, the AMCR gained 2.26 points, or 5.15%, and closed at 46.11 on Friday, October 23, 2026. It was the best weekly gain since August 21, 2026. Weekly volume was -29% below average.
 Long-term trend: [See AMCR long-term trend chart]
A long-term downtrend had started on June 6, 2022 at 68.03 and reached 36.25 on May 20, 2026. AMCR lost 31.78 points, or 46.71%, in 206 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 35.25 and resistance is at 47.91. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.
 Medium-term trend: [See AMCR medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 57.40 and reached 36.25 on May 20, 2026. AMCR lost 21.15 points, or 36.85%, in 85 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (34.08) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AMCR may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See AMCR weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since September 18, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See AMCR short-term trend chart]
A short-term uptrend had started on October 8, 2026 at 40.79 and reached 46.57 on October 22, 2026. AMCR gained -5.78 points, or -14.17%, in 14 days. The price is now at the 7.96% retracement level.
 Daily Technical Indicators: [See AMCR daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since September 25, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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