AMKR-Positive Technicals Suggest Up-Trend Will Continue
Amkor-Technology-is a provider of outsourced semiconductor packaging and test services. Their packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance. It provides packaging and test services.
The current technical condition for AMKR-is strong and the chart pattern suggests that upward momentum should continue. Over the last 50 trading days, when compared to the-S&P-500, the stock has performed slightly stronger than the market when compared to this index. This relative out-performance is bullish. Over the last 50 trading sessions, there has been more volume on up days than on down days indicating that-AMKR is under accumulation, which is a another bullish condition. The stock is trading above a rising 50-day moving average. This supports the strong technical condition for-AMKR.
I think there is still up-side potential.
From a technical standpoint, Here are the positives:
1. Currently multiple buy Fractals (green up arrows in box on right).
2. The lower indicator under the chart is CHOP - this indicates a strong trend, however, the momentum has slowed.
The green shaded area below CHOP is the CHOP ZONE. This has been strong (up) for quite a while.
3. The top lower indicator is phase energy, and this is positive. It reversed to the up-side at the zero line.
4. The alligator is sleeping (neutral).
5. 34 day moving average (ohlc/4, top indicator) is strong.
6. Prices are trading above the Ichimoku Cloud .
7. Prices are trading above the thick red Ichimoku Cloud conversion line.
8. Prices are trading above the Ki jun-Sen baseline of the Ichimoku Cloud and this has been HEADING HIGHER.
9. The 13 day moving average of phase energy (top middle) is oversold and should reverse to the up-side.
10. The 233 interval trend-line is rising.
In my opinion, AMKR-is in a solid uptrend. I recommend that you also look at the semi-conductor index-SOX.
It has been a leading group this year.
I hope all your trades go well. Don.
The current technical condition for AMKR-is strong and the chart pattern suggests that upward momentum should continue. Over the last 50 trading days, when compared to the-S&P-500, the stock has performed slightly stronger than the market when compared to this index. This relative out-performance is bullish. Over the last 50 trading sessions, there has been more volume on up days than on down days indicating that-AMKR is under accumulation, which is a another bullish condition. The stock is trading above a rising 50-day moving average. This supports the strong technical condition for-AMKR.
I think there is still up-side potential.
From a technical standpoint, Here are the positives:
1. Currently multiple buy Fractals (green up arrows in box on right).
2. The lower indicator under the chart is CHOP - this indicates a strong trend, however, the momentum has slowed.
The green shaded area below CHOP is the CHOP ZONE. This has been strong (up) for quite a while.
3. The top lower indicator is phase energy, and this is positive. It reversed to the up-side at the zero line.
4. The alligator is sleeping (neutral).
5. 34 day moving average (ohlc/4, top indicator) is strong.
6. Prices are trading above the Ichimoku Cloud .
7. Prices are trading above the thick red Ichimoku Cloud conversion line.
8. Prices are trading above the Ki jun-Sen baseline of the Ichimoku Cloud and this has been HEADING HIGHER.
9. The 13 day moving average of phase energy (top middle) is oversold and should reverse to the up-side.
10. The 233 interval trend-line is rising.
In my opinion, AMKR-is in a solid uptrend. I recommend that you also look at the semi-conductor index-SOX.
It has been a leading group this year.
I hope all your trades go well. Don.