ABN AMRO BANK N.V. - Daily - Technical analysis published on 12/09/2019 (GMT)
- 295
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 15.639 EUR
My targets
14.100 EUR (-7.90%)
My analysis
ABN AMRO BANK N.V. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 15.639 EUR. The next support located at 14.100 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ABN AMRO BANK N.V. price is 15.310 EUR. On the day, this instrument gained +0.49% and was between 15.245 EUR and 15.395 EUR. This implies that the price is at +0.43% from its lowest and at -0.55% from its highest.15.245
15.395
15.310
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ABN AMRO BANK N.V. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 14.100 | 15.310 | 15.639 | 17.445 | 18.676 |
| Change (%) | -7.90% | - | +2.15% | +13.95% | +21.99% |
| Change | -1.210 | - | +0.329 | +2.135 | +3.366 |
| Level | Intermediate | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.913 | 15.002 | 15.118 | 15.207 | 15.323 | 15.412 | 15.528 |
| Camarilla | 15.179 | 15.197 | 15.216 | 15.235 | 15.254 | 15.273 | 15.291 |
| Woodie | 14.928 | 15.009 | 15.133 | 15.214 | 15.338 | 15.419 | 15.543 |
| Fibonacci | 15.002 | 15.080 | 15.128 | 15.207 | 15.285 | 15.333 | 15.412 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.228 | 14.572 | 14.903 | 15.247 | 15.578 | 15.922 | 16.253 |
| Camarilla | 15.049 | 15.111 | 15.173 | 15.235 | 15.297 | 15.359 | 15.421 |
| Woodie | 14.223 | 14.569 | 14.898 | 15.244 | 15.573 | 15.919 | 16.248 |
| Fibonacci | 14.572 | 14.830 | 14.989 | 15.247 | 15.505 | 15.664 | 15.922 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.683 | 14.087 | 14.788 | 16.192 | 16.893 | 18.297 | 18.998 |
| Camarilla | 14.911 | 15.104 | 15.297 | 15.490 | 15.683 | 15.876 | 16.069 |
| Woodie | 12.333 | 13.911 | 14.438 | 16.016 | 16.543 | 18.121 | 18.648 |
| Fibonacci | 14.087 | 14.891 | 15.388 | 16.192 | 16.996 | 17.493 | 18.297 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.72 | |
| MACD (12,26,9): | -0.4200 | |
| Directional Movement: | -18.992 | |
| AROON (14): | -71.429 | |
| DEMA (21): | 15.248 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.592 | |
| Elder Ray (13): | -0.214 | |
| Super Trend (3,10): | 16.025 | |
| Zig ZAG (10): | 15.295 | |
| VORTEX (21): | 0.7350 | |
| Stochastique (14,3,5): | 21.29 | |
| TEMA (21): | 14.999 | |
| Williams %R (14): | -71.59 | |
| Chande Momentum Oscillator (20): | -0.655 | |
| Repulse (5,40,3): | -0.9210 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3230 | |
| Courbe Coppock: | 14.77 |
| MA7: | 15.224 | |
| MA20: | 15.871 | |
| MA50: | 16.324 | |
| MA100: | 16.627 | |
| MAexp7: | 15.313 | |
| MAexp20: | 15.767 | |
| MAexp50: | 16.282 | |
| MAexp100: | 16.763 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | -3.53% | |
| Price / MA50: | -6.21% | |
| Price / MA100: | -7.92% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -2.90% | |
| Price / MAexp50: | -5.97% | |
| Price / MAexp100: | -8.67% |
News
The last news published on ABN AMRO BANK N.V. at the time of the generation of this analysis was as follows:
- Sale of shares in equensWordline to Worldline completed
- ABN AMRO reports net profit of EUR 693 million for Q2 2019
- ABN AMRO to sell remaining shares equensWorldline to Worldline
- ABN AMRO sells part of its reference shareholder stake in Euronext N.V. to Caisse des Dépôts
- ABN AMRO sells majority stake in Stater to Infosys
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ABN AMRO BANK N.V. - Daily