Amp Does it Again: Heads Down for the 2nd Straight Day

The Hourly View for Amp

  • At the moment, AMP’s price is down $0 (-0.8%) from the hour prior.
  • Amp has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Amp’s hourly price chart is shown below.


The Daily View for Amp

  • Currently, AMP’s price is down $0 (-1.57%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Amp has now gone down 4 of the past 5 days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
  • Of note is that the 50 day changed directions on AMP; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Below is a daily price chart of Amp.


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