Amkor Technology Stock Forecast
Amkor Technology stock price down 1.50% on Thursday
(Updated on Mar 28, 2024)
The Amkor Technology stock price fell by -1.50% on the last day (Thursday, 28th Mar 2024) from $32.73 to $32.24. During the last trading day the stock fluctuated 2.60% from a day low at $31.98 to a day high of $32.81. The price has fallen in 6 of the last 10 days but is still up by 2.48% over the past 2 weeks. Volume has increased on the last day by 65 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 683 thousand shares were bought and sold for approximately $22.01 million.
The stock lies in the middle of a wide and weak 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 2.90% during the next 3 months and, with a 90% probability hold a price between $31.04 and $37.39 at the end of this 3-month period.
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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 $31.90 and $31.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 3.90%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Amkor Technology stock
Amkor Technology finds support from accumulated volume at $31.46 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 $0.83 between high and low, or 2.60%. For the last week, the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: $30.85 (-4.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (AMKR) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amkor Technology to open at $32.34, and during the day (based on 14 day Average True Range), to move between $31.17 and $33.31, which gives a possible trading interval of +/-$1.07 (+/-3.33%) up or down from last closing price. If Amkor Technology takes out the full calculated possible swing range there will be an estimated 6.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $32.31 (0.22%) than the support at $31.46 (2.42%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Amkor Technology stock A Buy?
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 Amkor Technology stock to perform well in the short-term.
Current score: 1.087 Buy Candidate Unchanged
Predicted Opening Price for Amkor Technology of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$32.34 ( 0.321%) | $32.24 |
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 | 33.17 | 2.89 % | |
R2 | 32.86 | 1.91 % | ||
R1 | 32.66 | 1.30 % | ||
Current price: | 32.24 | |||
Support | S1 | 32.03 | -0.663 % | |
S2 | 31.83 | -1.27 % | ||
S3 | 31.51 | -2.25 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 35.16 | 9.06 % | |
R2 | 33.55 | 4.06 % | ||
R1 | 32.31 | 0.217 % | ||
Current price | 32.24 | |||
Support | S1 | 31.46 | -2.42% | |
S2 | 31.25 | -3.07% | ||
S3 | 30.69 | -4.81% |
AMKR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 20, 2024 | Mar 11, 2024 | Apr 01, 2024 | $0.0788 | 0.244% |
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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