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Amkor Technology Stock Forecast NASDAQ:AMKR

$22.79 (2.15%)

Volume: 1M

Closed: Dec 03, 2021

Hollow Logo Score: -1.897

Amkor Technology Stock Forecast

$22.79 (2.15%)

Volume: 1M

Closed: Dec 03, 2021

Score Hollow Logo -1.897
Which way will AMKR go? Request
Key Stats
P/E Ratio 10.07
Beta 2.14
Trailing Dividend Rate 0.7% ($0.16)
Next Dividend Date Dec 06, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 47 and the stock is currently not being overbought or oversold

Amkor Technology stock price up 2.15% on Friday
(Updated on Dec 03, 2021)

Sell candidate since 2021-12-02 Gain 2.15%

The Amkor Technology stock price gained 2.15% on the last trading day (Friday, 3rd Dec 2021), rising from $22.31 to $22.79. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.75% from a day low at $22.21 to a day high of $22.82. The price has risen in 6 of the last 10 days, but is still down by -8.22% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 237 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $25.53 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.66% during the next 3 months and, with a 90% probability hold a price between $17.32 and $19.88 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, November 30, 2021, and so far it has risen 5.71%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Amkor Technology stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $22.96. On a fall, the stock will find some support from the short-term average at $22.37. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Amkor Technology finds support from accumulated volume at $22.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.61 between high and low, or 2.75%. For the last week, the stock has had a daily average volatility of 4.45%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Amkor Technology stock A Buy?

Amkor Technology holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.897

Predicted Opening Price for Amkor Technology of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$22.61 $22.79 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Oct 11, 2021 "Credit Suisse Group" gave "" rating for AMKR. The price target was changed from $25.10 to 0.2%.

Volatility and Risk
Daily Average Volatility: 4.45 %
Overall Risk: Very High High Medium Low Very Low
4.45 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $23.39
Price: $22.79
Support: $22.42

AMKR Insider Trading Show all Trades



Last 100 transactions
Buy: 481 883 | Sell: 8 914 880 (Shares)
Date Action Amount Person Type
Nov 29, 2021 Sell 20 000 Churchill Winston J Director Stock Option (Right-to-Buy)
Nov 29, 2021 Sell 20 000 Churchill Winston J Common Stock
Nov 29, 2021 Buy 20 000 Churchill Winston J Common Stock
Nov 19, 2021 Sell 9 375 Stone John Charles Employee Stock Option (Right-to-Buy)
Nov 19, 2021 Sell 9 375 Stone John Charles Common Stock
Show all Insider Trades


Last 100 transactions
Buy: 481 883 | Sell: 8 914 880 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 23.22 1.87 %
22.98 0.85 %
22.84 0.22 %
Current price: 22.79
Support 22.37 -1.83 %
22.23 -2.46 %
22.00 -3.48 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 27.26 19.61 %
25.90 13.65 %
23.39 2.63 %
Current price 22.79
Support 22.42 -1.62%
22.25 -2.37%
21.92 -3.82%

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About Amkor Technology

Amkor Technology Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer backgrinds, package design, packaging, and test and drop shipment services. Its packages employ wirebond, flip chip, and copper clip interconnect technologies. The company also provides semiconductor testing se... Read more

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