AKZO NOBEL

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	AKZA
ISIN:	NL0013267909

AKZO NOBEL - Daily - Technical analysis published on 08/02/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

39%

33%

My opinion

Bearish under 59.49 EUR

My targets

52.96 EUR (-5.66%)

51.17 EUR (-8.86%)

My analysis

AKZO NOBEL 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 59.49 EUR. The next support located at 52.96 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 51.17 EUR. Below this support, sellers could then target 43.44 EUR. 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

6.4

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.

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Additional analysis

Quotes

AKZO NOBEL rating 56.14 EUR. On the day, this instrument lost -0.11% and was between 55.70 EUR and 56.16 EUR. This implies that the price is at +0.79% from its lowest and at -0.04% from its highest.

55.70

56.16

56.14

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 (1 year)

Type : Bearish

Timeframe : Weekly

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 AKZO NOBEL in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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 support of channel

Type : Bullish

Timeframe : Daily

Horizontal support 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	34.20	43.44	52.96	56.14	56.18	59.49	65.74
Change (%)	-39.08%	-22.62%	-5.66%	-	+0.07%	+5.97%	+17.10%
Change	-21.94	-12.70	-3.18	-	+0.04	+3.35	+9.60
Level	Intermediate	Intermediate	Intermediate	-	Major	Intermediate	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	54.81	55.43	55.81	56.43	56.81	57.43	57.81
Camarilla	55.93	56.02	56.11	56.20	56.29	56.38	56.48
Woodie	54.70	55.37	55.70	56.37	56.70	57.37	57.70
Fibonacci	55.43	55.81	56.05	56.43	56.81	57.05	57.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	51.25	53.17	54.93	56.85	58.61	60.53	62.29
Camarilla	55.67	56.01	56.34	56.68	57.02	57.36	57.69
Woodie	51.16	53.13	54.84	56.81	58.52	60.49	62.20
Fibonacci	53.17	54.58	55.45	56.85	58.26	59.13	60.53

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	51.17	53.13	55.13	57.09	59.09	61.05	63.05
Camarilla	56.03	56.39	56.76	57.12	57.48	57.85	58.21
Woodie	51.18	53.14	55.14	57.10	59.10	61.06	63.06
Fibonacci	53.13	54.65	55.58	57.09	58.61	59.54	61.05

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):	41.79
MACD (12,26,9):	-0.6000
Directional Movement:	-6.65
AROON (14):	-35.71
DEMA (21):	56.29
Parabolic SAR (0,02-0,02-0,2):	57.98
Elder Ray (13):	-0.95
Super Trend (3,10):	59.20
Zig ZAG (10):	56.10
VORTEX (21):	0.8400
Stochastique (14,3,5):	34.68
TEMA (21):	56.58
Williams %R (14):	-74.75
Chande Momentum Oscillator (20):	-2.16
Repulse (5,40,3):	-0.5900
ROCnROLL:	2
TRIX (15,9):	-0.1500
Courbe Coppock:	2.87

MA7:	56.77
MA20:	57.11
MA50:	58.89
MA100:	61.67
MAexp7:	56.65
MAexp20:	57.16
MAexp50:	58.75
MAexp100:	60.95
Price / MA7:	-1.11%
Price / MA20:	-1.70%
Price / MA50:	-4.67%
Price / MA100:	-8.97%
Price / MAexp7:	-0.90%
Price / MAexp20:	-1.78%
Price / MAexp50:	-4.44%
Price / MAexp100:	-7.89%

Quotes : - 15 min delayed data - Euronext Amsterdam

News

The latest news and videos published on AKZO NOBEL 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.

About author

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