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- 1 Amplitech stock price is currently trading at $1.73 with a drop of 1.70% in the last 24 hours with AMPG having a current market cap of $16.759 Million.
- 2 Amplitech stock price decreased by 3.35% over the past seven days.
Amplitech stock price has been on a downtrend for a prolonged time, as it faced resistance from the higher levels and formed lower lows. This shows that the bears have been in control and the stock lost momentum. The stock has also broken below the key moving averages, indicating further weakness.
The stock is in bearish territory, shattering the confidence of the investors in the stock. Amplitech (NASDAQ: AMPG) stock has returned to its previous breakout level, which could act as a support. The technical analysis suggests that the stock is oversold and could bounce back from the lower levels. However, the stock needs to show signs of strength and reversal before a pullback rally can be confirmed.
Amplitech share (NASDAQ: AMPG) price is in a correction phase but near the crucial support of $1.70. If formed, a bullish candle would indicate that buyers are active and will try their best to rebound. AMPG stock price closed the previous session at $1.73 with an intraday rise of 1.70%. If the buyers succeed in defending the current support, then the possibility of a bounce back will increase. However, if the sell-off continues and Amplitech stock drops below lower levels further downfall is possible.
Buyers tried multiple times to break the higher range and expand upward. However, due to the strong presence of sellers, prices faced rejection. It shows sellers are still active on higher levels.
Technical Analysis of Amplitech Stock Price in 1-D Time Frame
Amplitech price is trading below the downward-sloping 50-day and 200-day EMAs showcasing a downtrend. However, the Amplitech price has gone far away from the EMAs.
The MACD generated a negative crossover and the histogram is also red indicating bearishness.The current value of RSI is 38.17 points. The 14 SMA is above the median line at 39.93 points which indicates that the Amplitech stock is bearish.
Weekly-Time Horizon Analysis
Amplitech stock has shown sellers’ strength on the weekly chart. Moreover, the price is below the key EMAs, highlighting further weakness in the stock. The RSI curve is near the oversold region at 34.83, and a negative outlook was noted, indicating bearishness in the stock. The MACD indicator also persisted to form red bars, and a bearish crossover was noted, which signals corrective moves.
Summary
Amplitech (NASDAQ: AMPG) technical oscillators support the bearish trend. The MACD, RSI, and EMAs are emphasizing negative signs and imply that the downtrend may continue in the AMPG stock price. Amplitech price action suggests that the investors and traders are bearish on the 1-day time frame. The price action reflects a bearish perspective at the moment.
Technical Levels
Support Levels: $1.70 and $1.50
Resistance Levels: $2.04 and $2.21
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
