February 05, 2026 a 09:03 am
AMCR: Trend and Support & Resistance Analysis - Amcor plc
Amcor plc demonstrates strong performance in the packaging sector, leveraging its expansive reach in both flexible and rigid packaging markets across numerous continents. Recently, the stock has shown volatility with noteworthy movements, prompted by shifts in market demand and economic conditions. Investors need to be vigilant of current trends and support & resistance levels to navigate the opportunities and risks effectively.
Trend Analysis
The current analysis of Amcor plc's daily stock prices reveals a mix of fluctuations emblematic of market adjustments. To accurately assess the trend direction, we calculate the EMA20 and EMA50 from closing prices. The latest data suggests:
| Date | Close | Trend |
|---|---|---|
| 2026-02-04 | 48.56 | ▲ (Upward) |
| 2026-02-03 | 44.92 | ▼ (Downward) |
| 2026-02-02 | 43.75 | ▼ (Downward) |
| 2026-01-30 | 44.25 | ▼ (Downward) |
| 2026-01-29 | 43.89 | ⚖️ (Neutral) |
| 2026-01-28 | 44.19 | ▲ (Upward) |
| 2026-01-27 | 44.72 | ▲ (Upward) |
Analysis of the EMA indicates a sideways trend as the EMA20 converges with EMA50. This absence of a clear direction suggests potential market indecision.
Support and Resistance
A thorough investigation into the past closing prices allows us to establish key support and resistance levels, crucial for trading strategies:
| Zone Type | From | To | |
|---|---|---|---|
| Support 1 | 41.25 | 42.00 | ⚊ (Holding) |
| Support 2 | 40.00 | 41.00 | ⚋ (Weak) |
| Resistance 1 | 46.50 | 47.50 | ⮝ (Strong) |
| Resistance 2 | 48.50 | 49.50 | ⮟ (Testing) |
The current price hovers near the upper resistance zone, indicating potential for further upward testing. Technical analysis suggests monitoring for breakout signals.
Conclusion
Amcor plc presents a mixed trading scenario with the current market dynamics showing intermittent sensibility between support and resistance zones. The identified levels offer a frame of reference for investors aiming to capitalize on possible breakouts or reversals. Caution is advised due to potential market volatility but observing the trend, the positioning within resistance suggests careful optimism. Investors should also stay informed on broader market factors that could influence the packaging industry. Overall, Amcor plc remains a viable stock to watch, while capitalizing on its influence over global packaging solutions.