ABN AMRO BANK N.V. - 1H - Technical analysis published on 06/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 14.255 EUR
My targets
14.980 EUR (+4.43%)
16.066 EUR (+12.00%)
My analysis
The bullish trend is currently very strong on ABN AMRO BANK N.V.. As long as the price remains above the support at 14.255 EUR, you could try to benefit from the boom. The first bullish objective is located at 14.980 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16.066 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ABN AMRO BANK N.V. rating is 14.345 EUR. The price has increased by +1.67% since the last closing and was traded between 14.150 EUR and 14.405 EUR over the period. The price is currently at +1.38% from its lowest and -0.42% from its highest.14.150
14.405
14.345
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ABN AMRO BANK N.V. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 13.825 | 14.115 | 14.255 | 14.345 | 14.980 | 16.066 |
| Change (%) | -3.62% | -1.60% | -0.63% | - | +4.43% | +12.00% |
| Change | -0.520 | -0.230 | -0.090 | - | +0.635 | +1.721 |
| Level | Intermediate | Major | Minor | - | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.785 | 13.880 | 13.995 | 14.090 | 14.205 | 14.300 | 14.415 |
| Camarilla | 14.052 | 14.072 | 14.091 | 14.110 | 14.129 | 14.149 | 14.168 |
| Woodie | 13.795 | 13.885 | 14.005 | 14.095 | 14.215 | 14.305 | 14.425 |
| Fibonacci | 13.880 | 13.960 | 14.010 | 14.090 | 14.170 | 14.220 | 14.300 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.277 | 12.828 | 13.152 | 13.703 | 14.027 | 14.578 | 14.902 |
| Camarilla | 13.234 | 13.315 | 13.395 | 13.475 | 13.555 | 13.635 | 13.716 |
| Woodie | 12.163 | 12.771 | 13.038 | 13.646 | 13.913 | 14.521 | 14.788 |
| Fibonacci | 12.828 | 13.163 | 13.369 | 13.703 | 14.038 | 14.244 | 14.578 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.603 | 12.552 | 13.078 | 14.027 | 14.553 | 15.502 | 16.028 |
| Camarilla | 13.199 | 13.335 | 13.470 | 13.605 | 13.740 | 13.875 | 14.011 |
| Woodie | 11.393 | 12.446 | 12.868 | 13.921 | 14.343 | 15.396 | 15.818 |
| Fibonacci | 12.552 | 13.115 | 13.463 | 14.027 | 14.590 | 14.938 | 15.502 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 71.02 | |
| MACD (12,26,9): | 0.1210 | |
| Directional Movement: | 27.359 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 14.289 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.070 | |
| Elder Ray (13): | 0.146 | |
| Super Trend (3,10): | 14.125 | |
| Zig ZAG (10): | 14.340 | |
| VORTEX (21): | 1.2930 | |
| Stochastique (14,3,5): | 89.24 | |
| TEMA (21): | 14.358 | |
| Williams %R (14): | -15.12 | |
| Chande Momentum Oscillator (20): | 0.230 | |
| Repulse (5,40,3): | 0.1160 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1030 | |
| Courbe Coppock: | 4.66 |
| MA7: | 13.940 | |
| MA20: | 13.937 | |
| MA50: | 14.135 | |
| MA100: | 14.522 | |
| MAexp7: | 14.281 | |
| MAexp20: | 14.141 | |
| MAexp50: | 14.009 | |
| MAexp100: | 13.974 | |
| Price / MA7: | +2.91% | |
| Price / MA20: | +2.93% | |
| Price / MA50: | +1.49% | |
| Price / MA100: | -1.22% | |
| Price / MAexp7: | +0.45% | |
| Price / MAexp20: | +1.44% | |
| Price / MAexp50: | +2.40% | |
| Price / MAexp100: | +2.65% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The last news published on ABN AMRO BANK N.V. at the time of the generation of this analysis was as follows:
- ABN AMRO convenes Extraordinary General Meeting
- ABN AMRO completes share buyback programme
- Progress on ABN AMRO share buyback programme 31 March – 06 April 2023
- Progress on ABN AMRO share buyback programme 24 March – 30 March 2023
- Progress on ABN AMRO share buyback programme 17 March – 23 March 2023
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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