10 XP 0   0   5  
0coffee
Main menu

πŸ“‰ The Great Reset πŸ“ˆ

Data gone? Yes, I pulled the plug. I shut down my paid data feeds and deleted the entire dataset to become fully independent.

No worries! Penke(Bot) will find new copyright-free data.

Curious how? Read it here… πŸ₯Έ Penke

$AMC (Amcor Plc) Price Analysis
Buy, Hold or Sell?

Let's analyze Amcor Plc together

Penke

I guess you are interested in Amcor Plc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • πŸ“ˆ Technical Analysis (TA) – Amcor Plc’s Price Targets

I'm going to help you getting a better view of Amcor Plc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

Get notifications about Amcor Plc

I send you an email if I find something interesting about Amcor Plc.


Technical Analysis of Amcor Plc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Amcor Plc. The general trend of Amcor Plc is BEARISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Amcor Plc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-57.1%) Bearish trend (57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Neutral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Neutral to overboughtOverbought=Overbought

1. Amcor Plc Price Targets

1.1 sr

Score

Let's take a look at the sr of Amcor Plc.

  • The price is trading between support and resistance lines.
Amcor Plc Daily sr Chart
3rd party ad coffee SUPPORTERis ad-free.

2. Trend Indicators

2.1 Moving Averages

Score

Let's take a look at the Moving Averages of Amcor Plc.

  • The SHORT shows weakening trend behaviour.
  • Price action is trading under pressure relative to the SHORT.
  • The SHORT is lagging behind the MEDIUM, indicating weaker trend alignment.
  • The SHORT is leading the INTER, indicating positive trend alignment.
  • The SHORT is lagging behind the LONG, indicating weaker trend alignment.
  • The MEDIUM shows weakening trend behaviour.
  • Price action is trading under pressure relative to the MEDIUM.
  • The MEDIUM is leading the INTER, indicating positive trend alignment.
  • The MEDIUM is lagging behind the LONG, indicating weaker trend alignment.
  • The INTER shows weakening trend behaviour.
  • Price action is supported by the INTER.
  • The INTER is lagging behind the LONG, indicating weaker trend alignment.
  • The LONG shows weakening trend behaviour.
  • Price action is trading under pressure relative to the LONG.

Directionalities and relatives.

Moving AverageTrendPricevs. MEDIUMvs. INTERvs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Amcor Plc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Amcor Plc.

  • Momentum is leaning bearish. Selling pressure outweighs buying interest, indicating increased caution and reduced risk appetite among market participants.
  • Overall momentum is positive. Market conditions reflect constructive sentiment, with buyers gradually gaining influence and supporting a favorable environment for Amcor Plc.
  • Momentum is weakening. Bearish pressure is increasing as confidence fades and market participants shift toward defensive positioning.
Amcor Plc Daily Moving Average Convergence/Divergence (MACD) ChartAmcor Plc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

Score

Let's take a look at the Directional Movement Index (DMI) of Amcor Plc.

  • Directional bias favors sellers. Selling pressure dominates buying interest, reflecting cautious sentiment and increasing downside pressure.
  • Directional bias is mildly bearish, but overall trend conditions remain weak and lack clear directional commitment.
Amcor Plc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Score

Let's take a look at the Parabolic SAR of Amcor Plc.

  • Price action is under pressure relative to the prevailing trend structure, which is commonly interpreted as a bearish market signal.
Amcor Plc Daily Parabolic SAR Chart
3rd party ad coffee SUPPORTERis ad-free.

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Score

Let's take a look at the Relative Strength Index (RSI) of Amcor Plc. The current phase is Continuation in bear market.

  • Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Momentum is improving as buying interest gradually strengthens.
Amcor Plc Daily Relative Strength Index (RSI) ChartAmcor Plc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Score

Let's take a look at the Stochastic Oscillator of Amcor Plc. The current phase is Continuation in bear market.

  • Momentum favors sellers, indicating reduced buying interest and growing downside pressure.
  • Momentum is leaning bullish, with buying pressure currently dominating selling interest and supporting positive short-term sentiment for Amcor Plc.
  • Momentum is improving as buying interest strengthens and short-term sentiment turns more positive.
Amcor Plc Daily Stochastic Oscillator ChartAmcor Plc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Score

Let's take a look at the Commodity Channel Index (CCI) of Amcor Plc.

Amcor Plc Daily Commodity Channel Index (CCI) ChartAmcor Plc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Amcor Plc.

  • Momentum is leaning negative, indicating cautious market conditions and increasing downside participation.
Amcor Plc Daily Chande Momentum Oscillator (CMO) ChartAmcor Plc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Score

Let's take a look at the Williams %R of Amcor Plc.

  • Momentum appears balanced, with neither buyers nor sellers showing a clear advantage in the current market environment.
Amcor Plc Daily Williams %R ChartAmcor Plc Daily Williams %R Chart
3rd party ad coffee SUPPORTERis ad-free.

4. Volatility Indicators

4.1 Bollinger Bands

Score

Let's take a look at the Bollinger Bands of Amcor Plc.

Amcor Plc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)

Score

Let's take a look at the Average True Range (ATR) of Amcor Plc.

Amcor Plc Daily Average True Range (ATR) ChartAmcor Plc Daily Average True Range (ATR) Chart
3rd party ad coffee SUPPORTERis ad-free.

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Score

Let's take a look at the On-Balance Volume (OBV) of Amcor Plc.

Amcor Plc Daily On-Balance Volume (OBV) ChartAmcor Plc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Score

Let's take a look at the Money Flow Index (MFI) of Amcor Plc.

  • Money flow favors buyers, indicating constructive participation and supportive market conditions.
Amcor Plc Daily Money Flow Index (MFI) ChartAmcor Plc Daily Money Flow Index (MFI) Chart
3rd party ad coffee SUPPORTERis ad-free.

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Amcor Plc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal

6.3. Candlestick Patterns

Amcor Plc Daily Candlestick Chart
DateCandlestick Pattern
Penke

Good job! You gained 10 XP and 0   0   5 . What's next:

  • Share my analysis of Amcor Plc with someone you think should read this too:
  • Are you bullish or bearish on Amcor Plc? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Amcor Plc? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is my analysis useful to you? coffee Support Penke with Coffee coffee so I can develop more tools and provide more market analysis for you. Thanks in advance!

Get notifications about Amcor Plc

I send you an email if I find something interesting about Amcor Plc.

Comments

How you think about this?

Leave a comment
3rd party ad coffee SUPPORTERis ad-free.