AMG - Daily - Technical analysis published on 08/09/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 16.54 EUR
My targets
14.39 EUR (-7.10%)
11.48 EUR (-25.87%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AMG. As long as you are under the resistance located at 16.54 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 14.39 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 11.48 EUR as an objective. Crossing it would then enable sellers to target 5.09 EUR. If the resistance 16.54 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.8
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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 AMG price is 15.49 EUR. The price has increased by +1.71% since the last closing and was traded between 15.39 EUR and 15.55 EUR over the period. The price is currently at +0.65% from its lowest and -0.39% from its highest.15.39
15.55
15.49
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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:
Technical
Technical analysis of this Daily chart of AMG indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Upside gap
Type : Bullish
Timeframe : Daily
Bearish doji star
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 5.09 | 14.39 | 15.49 | 16.54 | 17.99 | 20.51 |
| Change (%) | -67.14% | -7.10% | - | +6.78% | +16.14% | +32.41% |
| Change | -10.40 | -1.10 | - | +1.05 | +2.50 | +5.02 |
| Level | Minor | Major | - | Intermediate | Minor | Major |
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 | 14.29 | 14.48 | 14.86 | 15.05 | 15.43 | 15.62 | 16.00 |
| Camarilla | 15.07 | 15.13 | 15.18 | 15.23 | 15.28 | 15.34 | 15.39 |
| Woodie | 14.38 | 14.53 | 14.95 | 15.10 | 15.52 | 15.67 | 16.09 |
| Fibonacci | 14.48 | 14.70 | 14.84 | 15.05 | 15.27 | 15.41 | 15.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.32 | 13.61 | 14.50 | 15.79 | 16.68 | 17.97 | 18.86 |
| Camarilla | 14.78 | 14.98 | 15.18 | 15.38 | 15.58 | 15.78 | 15.98 |
| Woodie | 12.11 | 13.51 | 14.29 | 15.69 | 16.47 | 17.87 | 18.65 |
| Fibonacci | 13.61 | 14.45 | 14.96 | 15.79 | 16.63 | 17.14 | 17.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.48 | 12.86 | 14.15 | 15.53 | 16.82 | 18.20 | 19.49 |
| Camarilla | 14.72 | 14.96 | 15.21 | 15.45 | 15.70 | 15.94 | 16.18 |
| Woodie | 11.45 | 12.84 | 14.12 | 15.51 | 16.79 | 18.18 | 19.46 |
| Fibonacci | 12.86 | 13.88 | 14.51 | 15.53 | 16.55 | 17.18 | 18.20 |
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): | 48.23 | |
| MACD (12,26,9): | -0.2900 | |
| Directional Movement: | -0.93 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 14.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.88 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 14.82 | |
| Zig ZAG (10): | 15.46 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 39.32 | |
| TEMA (21): | 15.29 | |
| Williams %R (14): | -57.06 | |
| Chande Momentum Oscillator (20): | 0.59 | |
| Repulse (5,40,3): | 1.3400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3500 | |
| Courbe Coppock: | 0.25 |
| MA7: | 15.34 | |
| MA20: | 15.26 | |
| MA50: | 16.18 | |
| MA100: | 19.12 | |
| MAexp7: | 15.29 | |
| MAexp20: | 15.42 | |
| MAexp50: | 16.51 | |
| MAexp100: | 18.12 | |
| Price / MA7: | +0.98% | |
| Price / MA20: | +1.51% | |
| Price / MA50: | -4.26% | |
| Price / MA100: | -18.99% | |
| Price / MAexp7: | +1.31% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | -6.18% | |
| Price / MAexp100: | -14.51% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
Don't forget to follow the news on AMG. At the time of publication of this analysis, the latest news was as follows:
- AMG Critical Materials N.V. Announces Interim Dividend
- AMG’s Critical Materials’ Portfolio Delivers Strong Quarterly Results
- AMG Schedule for Second Quarter 2024 Earnings Release
- AMG’s subsidiary Graphit Kropfmühl and BASF Sign Innovative Agreement to Reduce Product Carbon Footprint
- AMG Critical Materials Acquires a Strategic Stake in Savannah Resources
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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