AMG

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	AMG
ISIN:	NL0000888691

AMG - Daily - Technical analysis published on 02/24/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 21.93 EUR

My targets

19.47 EUR (-4.75%)

18.00 EUR (-11.94%)

My analysis

In the short term, we can see an acceleration in the bearish trend on AMG, which is a positive signal for sellers. As long as the price remains above 21.93 EUR, a sale could be considered. The first bearish objective is located at 19.47 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18.00 EUR as an objective. Crossing it would then enable sellers to target 16.76 EUR. If the price were to return above 21.93 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

FORCE

4.6

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

Additional analysis

Quotes

AMG rating 20.44 EUR. The price is lower by -8.14% since the last closing and was between 20.40 EUR and 21.33 EUR. This implies that the price is at +0.20% from its lowest and at -4.17% from its highest.

20.40

21.33

20.44

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 study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this AMG chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	18.00	19.47	20.35	20.44	21.93	22.95	23.75
Change (%)	-11.94%	-4.75%	-0.44%	-	+7.29%	+12.28%	+16.19%
Change	-2.44	-0.97	-0.09	-	+1.49	+2.51	+3.31
Level	Minor	Minor	Major	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.09	21.53	21.89	22.33	22.69	23.13	23.49
Camarilla	22.03	22.10	22.18	22.25	22.32	22.40	22.47
Woodie	21.05	21.51	21.85	22.31	22.65	23.11	23.45
Fibonacci	21.53	21.84	22.02	22.33	22.64	22.82	23.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.76	20.86	21.56	22.66	23.36	24.46	25.16
Camarilla	21.76	21.92	22.09	22.25	22.42	22.58	22.75
Woodie	19.55	20.76	21.35	22.56	23.15	24.36	24.95
Fibonacci	20.86	21.55	21.98	22.66	23.35	23.78	24.46

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.03	18.81	19.71	21.49	22.39	24.17	25.07
Camarilla	19.86	20.11	20.35	20.60	20.85	21.09	21.34
Woodie	16.58	18.59	19.26	21.27	21.94	23.95	24.62
Fibonacci	18.81	19.84	20.47	21.49	22.52	23.15	24.17

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):	38.46
MACD (12,26,9):	0.0700
Directional Movement:	-11.51
AROON (14):	-85.71
DEMA (21):	22.51
Parabolic SAR (0,02-0,02-0,2):	24.48
Elder Ray (13):	-1.47
Super Trend (3,10):	23.72
Zig ZAG (10):	20.59
VORTEX (21):	0.9300
Stochastique (14,3,5):	33.75
TEMA (21):	22.47
Williams %R (14):	-97.49
Chande Momentum Oscillator (20):	-2.14
Repulse (5,40,3):	-6.5800
ROCnROLL:	2
TRIX (15,9):	0.1700
Courbe Coppock:	8.89

MA7:	22.56
MA20:	22.31
MA50:	21.96
MA100:	22.54
MAexp7:	22.21
MAexp20:	22.36
MAexp50:	22.22
MAexp100:	22.41
Price / MA7:	-9.40%
Price / MA20:	-8.38%
Price / MA50:	-6.92%
Price / MA100:	-9.32%
Price / MAexp7:	-7.97%
Price / MAexp20:	-8.59%
Price / MAexp50:	-8.01%
Price / MAexp100:	-8.79%

News

The latest news and videos published on AMG at the time of the analysis were as follows:

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

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