The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/26/2024 -
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AMCOR LTD ADR (AMCR) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversoldTrend resistance at 9.08Trend support at 9.00
Daily :A Parabolic SAR indicator is above and near the priceStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal line
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During the week, the AMCR has not change and closed at 8.97 on Friday, April 26, 2024. Weekly volume was -27% below average.

AMCR is a member of Materials Sector. Materials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AMCR long-term trend chart]
A long-term downtrend had started on June 6, 2022 at 13.61 and reached 8.45 on October 23, 2023. AMCR lost 5.16 points, or 37.91%, in 72 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (9.08). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See AMCR medium-term trend chart]
A medium-term uptrend had started on October 23, 2023 at 8.45 and reached 9.98 on December 14, 2023. AMCR gained -1.53 points, or -18.11%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (9.00) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See AMCR weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since April 12, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See AMCR short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 9.56 and reached 8.80 on April 16, 2024. AMCR lost 0.76 points, or 7.95%, in 19 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 8.47 and resistance is at 9.07. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See AMCR daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

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

A Parabolic SAR (stop and reversal) indicator (8.91) comes close to the price (8.97). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.08
Williams' Percentage Range (W%R) 75.00
Lane's Stochastic (%D-Slow) 59.17
Greed/Fear Indicator (GFI) 42.41
Moving Average Converg./Diverg. (MACD) -0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.23
Williams' Percentage Range (W%R) 82.50
Oversold
Lane's Stochastic (%D-Slow) 41.27
Greed/Fear Indicator (GFI) 34.89
Moving Average Converg./Diverg. (MACD) -0.12
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 9.44
Upper Bollinger Band 9.40
50 Day Moving Average 9.18
Yearly Trendline Resistance 9.08
Weekly Stochastic Crossing 9.07
Weekly Trendline Resistance 9.07
20 Day Moving Average 9.07
Quarterly Trendline Support 9.00
Daily Stochastic Crossing 8.99
Price 8.97
Parabolic System 8.91
Lower Bollinger Band 8.72
Weekly Trendline Support 8.47
Yearly Trendline Support 7.47
Sector and Industry
Description Name Rank
Sector Materials 9
Industry Paper Packaging 54
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 8.80
Low Date 04/16/2024
High 9.10
High Date 04/25/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 9.07
Support 8.47
High 9.56
High Date 03/28/2024
Low 8.80
Low Date 04/16/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 9.98
High Date 12/14/2023
Low 8.78
Low Date 02/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Test Support
Resistance 9.44
Support 9.00
Low 8.45
Low Date 10/23/2023
High 9.98
High Date 12/14/2023
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 9.08
Support 7.47
High 13.61
High Date 06/06/2022
Low 8.45
Low Date 10/23/2023
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.