AMKR Forecast and Technical Stock Analysis
Buy candidate since 2019-08-01 Loss -2.16%
Amkor Technology gained 1.23% in the last trading day ( Monday, 19th Aug 2019 ), rising from $8.93 to $9.04 , and has now gained 3 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 1.78% from a day low at $8.99 to a day high of $9.15. The price has risen in 5 of the last 10 days and is up by 2.03% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 230 457 more shares were traded than the day before. In total, 718 317 shares bought and sold for approximately $6.49 million.
- 30 day high of the AMKR stock price was $9.79 and low was $7.63.
- 90 day high was $9.79 and low was $6.41.
- 52 week high for Amkor Technology - $9.79 and low - $5.72.
Amkor Technology lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 32.82% during the next 3 months and, with 90% probability hold a price between $11.23 and $13.74 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. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $8.85 and $8.24. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday August 14, 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 35 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
On the downside, the stock finds support just below today's level from accumulated volume at $7.40 and $7.10.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Amkor Technology finds support just below today's level at $7.40. If this is broken, then the next support from accumulated volume will be at $7.10 and $7.05.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.16 between high and low, or 1.78%. For the last week, the stock has had a daily average volatility of 2.70%.
Our recommended stop-loss: $8.55 (-5.41%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
2.70 %Average volatility
Very Low Low Medium High Very High
|AMKR $9.04 ($0.11 1.23%)|
AMKR is up $0.11 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for AMKR based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the AMKR analysis is free »
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!