AMKR Forecast and Technical Stock Analysis
Buy candidate since 2019-10-07 Gain 1.13% PDF
Amkor Technology gained 1.33% in the last trading day ( Tuesday, 15th Oct 2019 ), rising from $9.74 to $9.87 During the day the stock fluctuated 2.20% from a day low at $9.75 to a day high of $9.96. The price has risen in 6 of the last 10 days and is up by 7.28% 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, 135 181 more shares were traded than the day before. In total, 522 509 shares bought and sold for approximately $5.16 million.
- 30 day high of the AMKR stock price was $10.01 and low was $8.79.
- 90 day high was $10.01 and low was $7.48.
- 52 week high for Amkor Technology - $10.01 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 15.29% during the next 3 months and, with 90% probability hold a price between $10.58 and $12.70 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 $9.72 and $9.20. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday October 08, 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 68 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 $9.78.
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 $0.21 (2.20%) between high and low. For the last week, the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: $9.37 (-5.05%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)
2.08 %Average volatility
Very Low Low Medium High Very High
Amkor Technology holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
|AMKR $9.87 ($0.13 1.33%)|
AMKR is up $0.13 today, but where's it headed in 2019?
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Golden Star Signal
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