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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 4/17/2025 -
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AMCOR LTD ADR (AMCR) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Daily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was a second consecutive positive week for the AMCOR LTD ADR (AMCR). During the week, the AMCR climbed 0.06 points, or 0.64%, and closed at 9.39 on Thursday, April 17, 2025. Weekly volume was 138% above average.

Long-term trend: [See AMCR long-term trend chart]
A long-term downtrend had started on September 27, 2024 at 11.48 and reached 8.37 on April 9, 2025. AMCR lost 3.11 points, or 27.09%, in 27 weeks. The price is now at the 32.80% retracement level.

Medium-term trend: [See AMCR medium-term trend chart]
A medium-term downtrend had started on March 10, 2025 at 10.45 and reached 8.37 on April 9, 2025. AMCR lost 2.08 points, or 19.90%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (7.96) is broken. A broken support is considered to be a long-term bullish signal. 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.

The weekly MACD line is below its signal line since March 14, 2025. This is an indication that the medium-term trend is down. 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 April 9, 2025 at 8.37 and reached 9.58 on April 15, 2025. AMCR gained -1.21 points, or -14.46%, in 6 days. The price is now at the 15.70% retracement level.

Daily Technical Indicators: [See AMCR daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.55
Williams' Percentage Range (W%R) 38.60
Lane's Stochastic (%D-Slow) 75.91
Greed/Fear Indicator (GFI) 60.95
Moving Average Converg./Diverg. (MACD) -0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.66
Williams' Percentage Range (W%R) 61.80
Lane's Stochastic (%D-Slow) 34.01
Greed/Fear Indicator (GFI) 40.03
Moving Average Converg./Diverg. (MACD) -0.14
Trading Signals
Description Value Chart
Upper Bollinger Band 10.05
50 Day Moving Average 9.79
Price 9.39
20 Day Moving Average 9.39
Daily Stochastic Crossing 9.31
Monthly Trendline Resistance 9.19
Weekly Stochastic Crossing 9.04
Parabolic System 9.01
Lower Bollinger Band 8.80
Monthly Trendline Support 7.96
Sector and Industry
Description Name Rank
Sector Materials 3
Industry Paper Packaging 39
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 9.21
Low Date 04/16/2025
High 9.48
High Date 04/17/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 8.37
Low Date 04/09/2025
High 9.58
High Date 04/15/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 9.19
Support 7.96
High 10.45
High Date 03/10/2025
Low 8.37
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 11.48
High Date 09/27/2024
Low 8.37
Low Date 04/09/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 13.61
High Date 06/06/2022
Low 8.37
Low Date 04/09/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.