AMG

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	AMG
ISIN:	NL0000888691

AMG - 1H - Technical analysis published on 05/08/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 23.75 EUR

My targets

24.49 EUR (+1.62%)

24.86 EUR (+3.15%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AMG as long as the price remains well above 23.75 EUR. The buyers' bullish objective is set at 24.49 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.86 EUR. If there is any crossing, the next objective would be the resistance located at 26.71 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The AMG price is 24.10 EUR. The price has increased by +4.42% since the last closing with the lowest point at 21.72 EUR and the highest point at 24.16 EUR. The deviation from the price is +10.96% for the low point and -0.25% for the high point.

21.72

24.16

24.10

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of AMG indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish doji star

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.58	23.03	23.75	24.10	24.49	24.86	26.71
Change (%)	-6.31%	-4.44%	-1.45%	-	+1.62%	+3.15%	+10.83%
Change	-1.52	-1.07	-0.35	-	+0.39	+0.76	+2.61
Level	Major	Intermediate	Major	-	Major	Minor	Minor

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	22.09	22.39	22.73	23.03	23.37	23.67	24.01
Camarilla	22.90	22.96	23.02	23.08	23.14	23.20	23.26
Woodie	22.12	22.40	22.76	23.04	23.40	23.68	24.04
Fibonacci	22.39	22.63	22.78	23.03	23.27	23.42	23.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.97	20.93	21.81	22.77	23.65	24.61	25.49
Camarilla	22.17	22.34	22.51	22.68	22.85	23.02	23.19
Woodie	19.92	20.91	21.76	22.75	23.60	24.59	25.44
Fibonacci	20.93	21.64	22.07	22.77	23.48	23.91	24.61

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.40	18.64	20.38	22.62	24.36	26.60	28.34
Camarilla	21.03	21.39	21.76	22.12	22.49	22.85	23.22
Woodie	16.15	18.52	20.13	22.50	24.11	26.48	28.09
Fibonacci	18.64	20.16	21.10	22.62	24.14	25.08	26.60

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):	73.28
MACD (12,26,9):	0.2200
Directional Movement:	-4.95
AROON (14):	28.57
DEMA (21):	23.41
Parabolic SAR (0,02-0,02-0,2):	21.77
Elder Ray (13):	0.77
Super Trend (3,10):	22.76
Zig ZAG (10):	24.10
VORTEX (21):	1.1400
Stochastique (14,3,5):	89.46
TEMA (21):	23.60
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	1.14
Repulse (5,40,3):	3.7000
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	5.69

MA7:	22.92
MA20:	23.41
MA50:	22.31
MA100:	21.44
MAexp7:	23.52
MAexp20:	23.18
MAexp50:	23.00
MAexp100:	23.01
Price / MA7:	+5.15%
Price / MA20:	+2.95%
Price / MA50:	+8.02%
Price / MA100:	+12.41%
Price / MAexp7:	+2.47%
Price / MAexp20:	+3.97%
Price / MAexp50:	+4.78%
Price / MAexp100:	+4.74%

Quotes : - 15 min delayed data - Euronext Amsterdam

News

The last news published on AMG at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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