RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AMPY
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Stronger technical forecast for Amplify Energy Corp stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 5.66% PDF

The Amplify Energy Corp stock price gained 3.98% on the last trading day (Wednesday, 27th Mar 2024), rising from $6.28 to $6.53. During the last trading day the stock fluctuated 5.31% from a day low at $6.22 to a day high of $6.55. The price has risen in 6 of the last 10 days and is up by 7.05% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 87 thousand more shares were traded than the day before. In total, 436 thousand shares were bought and sold for approximately $2.85 million.

The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $6.65 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.79% during the next 3 months and, with a 90% probability hold a price between $5.40 and $6.90 at the end of this 3-month period.

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AMPY Signals & Forecast

Mostly positive signals in the chart today. The Amplify Energy Corp 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 $6.36 and $6.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 08, 2024, and so far it has risen 26.80%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Amplify Energy Corp stock

On the downside, the stock finds support just below today's level from accumulated volume at $6.05 and $5.97. There is a 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, Amplify Energy Corp finds support just below today's level at $6.05. If this is broken, then the next support from accumulated volume will be at $5.97 and $5.15.

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 $0.330 between high and low, or 5.31%. For the last week, the stock has had daily average volatility of 3.16%.

Our recommended stop-loss: $6.27 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (AMPY) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Amplify Energy Corp to open at $6.43, and during the day (based on 14 day Average True Range), to move between $6.23 and $6.83, which gives a possible trading interval of +/-$0.298 (+/-4.56%) up or down from last closing price. If Amplify Energy Corp takes out the full calculated possible swing range there will be an estimated 9.12% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $6.05, some $0.480 (7.35%) from the current price of $6.53, our system finds the risk reward attractive.

Is Amplify Energy Corp stock A Buy?

Amplify Energy Corp holds several positive signals and is within a weak 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 analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.656 Strong Buy Candidate Upgraded

Predicted Opening Price for Amplify Energy Corp of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$6.43 ( 1.48%) $6.53

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

Trading levels for AMPY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.76 3.57 %
R2 6.64 1.64 %
R1 6.56 0.450 %
Current price: 6.53
Support S1 6.31 -3.41 %
S2 6.23 -4.60 %
S3 6.10 -6.53 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 6.53
Support S1 6.05 -7.35%
S2 5.97 -8.58%
S3 5.15 -21.13%

AMPY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 05, 2020 Mar 13, 2020 Mar 30, 2020 $0.100 18.87%
2 Nov 06, 2019 Dec 03, 2019 Dec 18, 2019 $0.200 2.85%
3 Aug 23, 2019 Sep 03, 2019 Sep 18, 2019 $0.200 3.10%

FAQ

What is the symbol for Amplify Energy Corp Stock and on which exchange is it traded?
The symbol for Amplify Energy Corp is AMPY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Amplify Energy Corp Stock?
Amplify Energy Corp holds several positive signals and is within a weak 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 analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Amplify Energy Corp Stock?
Amplify Energy Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Amplify Energy Corp Stock.

What's the current price of Amplify Energy Corp Stock?
As of the end of day on the 2024-03-27, the price of an Amplify Energy Corp (AMPY) share was $6.53.

What is the 52-week high and low for Amplify Energy Corp Stock?
The 52-week high for Amplify Energy Corp Stock is $8.21 and the 52-week low is $3.56.

What is the market capitalization of Amplify Energy Corp Stock?
As of the 2024-03-27, the market capitalization of Amplify Energy Corp is 257.741M.

When is the next earnings date for Amplify Energy Corp?
The upcoming earnings date for Amplify Energy Corp is May 01, 2024.
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About Amplify Energy Corp

Amplify Energy Amplify Energy Corp. engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company's properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle... AMPY Profile

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