BAM GROEP KON - Daily - Technical analysis published on 10/31/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.901 EUR
My targets
2.014 EUR (+2.81%)
2.120 EUR (+8.22%)
My analysis
The strong short-term increase for BAM GROEP KON reinforces the current slightly bullish trend. As long as the price remains above 1.901 EUR, you could take advantage of this bullish acceleration. The first bullish objective is located at 2.014 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.120 EUR as an objective. Crossing it would then enable buyers to target 2.235 EUR. A return to 1.901 EUR would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BAM GROEP KON rating 1.959 EUR. The price has increased by +2.51% since the last closing and was traded between 1.916 EUR and 1.959 EUR over the period. The price is currently at +2.24% from its lowest and 0% from its highest.1.916
1.959
1.959
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of BAM GROEP KON in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.762 | 1.830 | 1.901 | 1.959 | 2.014 | 2.120 | 2.235 |
| Change (%) | -10.06% | -6.58% | -2.96% | - | +2.81% | +8.22% | +14.09% |
| Change | -0.197 | -0.129 | -0.058 | - | +0.055 | +0.161 | +0.276 |
| Level | Minor | Major | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.881 | 1.896 | 1.903 | 1.918 | 1.925 | 1.940 | 1.947 |
| Camarilla | 1.905 | 1.907 | 1.909 | 1.911 | 1.913 | 1.915 | 1.917 |
| Woodie | 1.878 | 1.894 | 1.900 | 1.916 | 1.922 | 1.938 | 1.944 |
| Fibonacci | 1.896 | 1.904 | 1.909 | 1.918 | 1.926 | 1.931 | 1.940 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.736 | 1.771 | 1.833 | 1.868 | 1.930 | 1.965 | 2.027 |
| Camarilla | 1.867 | 1.876 | 1.885 | 1.894 | 1.903 | 1.912 | 1.921 |
| Woodie | 1.749 | 1.778 | 1.846 | 1.875 | 1.943 | 1.972 | 2.040 |
| Fibonacci | 1.771 | 1.808 | 1.831 | 1.868 | 1.905 | 1.928 | 1.965 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.781 | 1.834 | 1.924 | 1.977 | 2.067 | 2.120 | 2.210 |
| Camarilla | 1.975 | 1.988 | 2.001 | 2.014 | 2.027 | 2.040 | 2.053 |
| Woodie | 1.800 | 1.843 | 1.943 | 1.986 | 2.086 | 2.129 | 2.229 |
| Fibonacci | 1.834 | 1.889 | 1.922 | 1.977 | 2.032 | 2.065 | 2.120 |
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): | 57.35 | |
| MACD (12,26,9): | -0.0080 | |
| Directional Movement: | 2.472 | |
| AROON (14): | -57.143 | |
| DEMA (21): | 1.888 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.814 | |
| Elder Ray (13): | 0.038 | |
| Super Trend (3,10): | 1.966 | |
| Zig ZAG (10): | 1.956 | |
| VORTEX (21): | 0.8830 | |
| Stochastique (14,3,5): | 73.76 | |
| TEMA (21): | 1.892 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.075 | |
| Repulse (5,40,3): | 3.3750 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 3.38 |
| MA7: | 1.886 | |
| MA20: | 1.900 | |
| MA50: | 1.921 | |
| MA100: | 1.941 | |
| MAexp7: | 1.903 | |
| MAexp20: | 1.902 | |
| MAexp50: | 1.923 | |
| MAexp100: | 1.944 | |
| Price / MA7: | +3.87% | |
| Price / MA20: | +3.11% | |
| Price / MA50: | +1.98% | |
| Price / MA100: | +0.93% | |
| Price / MAexp7: | +2.94% | |
| Price / MAexp20: | +3.00% | |
| Price / MAexp50: | +1.87% | |
| Price / MAexp100: | +0.77% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
The last news published on BAM GROEP KON at the time of the generation of this analysis was as follows:
-
'Jackass' star Bam Margera surrenders in Pennsylvania
-
'Jackass' star Bam Margera sought by Pennsylvania police
- BAM Announces Kroll Bond Rating Agency Upgrades Fidus Re Series 2018-1 to AA-Plus
- P2 Gold BAM Intersects Additional Near-Surface Gold Mineralization; Geophysics Identifies Potential Feeder System and Porphyry
- P2 Gold Intersects 1.49 g/t Gold over 44.94 meters From Surface at BAM
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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