Amkor Technology Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Amkor Technology stock after losing 0%
(Updated on May 10, 2024)
No changes to the price of Amkor Technology stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 2.38% from a day low at $32.33 to a day high of $33.10. The price has risen in 7 of the last 10 days and is up by 6.56% over the past 2 weeks.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Amkor Technology stock with a 90% probability to be traded between $28.41 and $35.95 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AMKR Signals & Forecast
The Amkor Technology stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $32.42 and $31.41. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.458%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Amkor Technology stock
Amkor Technology finds support from accumulated volume at $32.35 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 $0.770 between high and low, or 2.38%. For the last week, the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: $31.42 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (AMKR) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Amkor Technology to open at $32.69, and during the day (based on 14 day Average True Range), to move between $31.37 and $33.89, which gives a possible trading interval of +/-$1.26 (+/-3.87%) up or down from last closing price. If Amkor Technology takes out the full calculated possible swing range there will be an estimated 7.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $32.35 (0.86%) than the resistance at $33.55 (2.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amkor Technology stock A Buy?
Amkor Technology holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.400 Hold/Accumulate Unchanged
Predicted Opening Price for Amkor Technology of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $32.69 ( 0.174%) | $32.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMKR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.46 | 2.53 % | |
| R2 | 33.16 | 1.63 % | ||
| R1 | 32.98 | 1.08 % | ||
| Current price: | 32.63 | |||
| Support | S1 | 32.39 | -0.728 % | |
| S2 | 32.21 | -1.28 % | ||
| S3 | 31.92 | -2.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.16 | 7.75 % | |
| R2 | 33.75 | 3.43 % | ||
| R1 | 33.55 | 2.82 % | ||
| Current price | 32.63 | |||
| Support | S1 | 32.35 | -0.86% | |
| S2 | 31.46 | -3.59% | ||
| S3 | 30.33 | -7.05% |
AMKR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 11, 2024 | Apr 01, 2024 | $0.0788 | 0.248% |
| 2 | Nov 14, 2023 | Dec 04, 2023 | Dec 26, 2023 | $0.0788 | 0.230% |
| 3 | Aug 15, 2023 | Sep 01, 2023 | Sep 25, 2023 | $0.0750 | 0.335% |
| 4 | May 16, 2023 | Jun 05, 2023 | Jun 26, 2023 | $0.0750 | 0.285% |
| 5 | Feb 07, 2023 | Feb 27, 2023 | Mar 20, 2023 | $0.0750 | 0.300% |
FAQ
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