Question 1

What does the Stochastic Oscillator suggest about AMRX's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 2

How did AMRX's Momentum indicator behave recently?

Accepted Answer

AMRX saw its Momentum Indicator move above the 0 level on August 08, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 93 similar instances where the indicator turned positive. In 80 of the 93 cases, the stock moved higher in the following days. The odds of a move higher are at 0%.

Question 3

What does MACD indicator imply for AMRX?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for AMRX just turned positive on August 09, 2024. Looking at past instances where AMRX's MACD turned positive, the stock continued to rise in 36 of 42 cases over the following month. The odds of a continued upward trend are 0%.

Question 4

What is the significance of the 50-day moving average indicator for AMRX?

Accepted Answer

AMRX moved above its 50-day moving average on August 08, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 5

What does a 3-day price advance indicate for AMRX?

Accepted Answer

Following a +3.03% 3-day Advance, the price is estimated to grow further. Considering data from situations where AMRX advanced for three days, in 227 of 266 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 6

What does a 3-day decline signify for AMRX's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMRX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 78%.

Question 7

What does AMRX breaking above its upper Bollinger Band indicate?

Accepted Answer

AMRX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

AMRX Stock Amneal Pharmaceuticals (AMRX, $6.81) entered Uptrend as Momentum indicator ascends above 0 level on Jun 05, 2024

Momentum Indicator for AMRX turns positive, indicating new upward trend

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