AMKR Forecast and Technical Stock Analysis
Buy candidate since 2019-12-11 PDF
Amkor Technology gained 2.57% in the last trading day ( Wednesday, 11th Dec 2019 ), rising from $12.43 to $12.75 During the day the stock fluctuated 2.73% from a day low at $12.44 to a day high of $12.78. The price has been going up and down for this period, and there has been a 3.53% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 259 143 more shares were traded than the day before. In total, 753 806 shares bought and sold for approximately $9.61 million.
- 30 day high of the AMKR stock price was $13.50 and low was $11.47.
- 90 day high was $15.25 and low was $8.79.
- 52 week high for Amkor Technology - $15.25 and low - $5.74.
Amkor Technology lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. A break down the bottom trend line at $12.19 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 38.3% during the next 3 months and, with 90% probability hold a price between $16.86 and $23.77 at the end of this period.
Only positive signals in the chart today. Amkor Technology holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $12.38 and $12.49. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday December 03, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 42 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Amkor Technology finds support from accumulated volume at $12.45.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.34 (2.73%) between high and low. For the last week, the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: $12.17 (-4.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 6 days ago.)
2.01 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate candidate.
|AMKR $12.75 ($0.32 2.57%)|
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Golden Star Signal
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