AKZO NOBEL

6.59 EUR (-1.79%)

03/21/2025 - 19:59 Closed 15 min delayed data - Euronext Amsterdam

Open:	6.55
Change:	-0.12
Volume:	14,128,000

Low:	6.27
High:	6.79
High / Low range:	0.52

Type:	Stocks
Ticker:	AKZA
ISIN:	NL0013267909

AKZO NOBEL - Daily - Technical analysis published on 11/08/2019 (GMT)

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11/08/2019 - 12:45
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Timeframe : Daily
- Analysis generated on 11/08/2019 - 12:45
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 87.18 EUR

My targets

89.51 EUR (+2.62%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AKZO NOBEL as long as the price remains well above 87.18 EUR. The buyers” bullish objective is set at 89.51 EUR. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

8.8

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

The AKZO NOBEL price is 87.23 EUR. On the day, this instrument gained +0.90% and was between 86.41 EUR and 87.33 EUR. This implies that the price is at +0.95% from its lowest and at -0.11% from its highest.

86.41

87.33

87.23

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by AKZO NOBEL:

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of AKZO NOBEL indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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 : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

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 horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	80.17	83.29	87.18	87.23
Change (%)	-8.09%	-4.52%	-0.06%	-
Change	-7.06	-3.94	-0.05	-
Level	Major	Major	Major	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	84.43	84.92	85.69	86.18	86.95	87.44	88.21
Camarilla	86.10	86.22	86.33	86.45	86.57	86.68	86.80
Woodie	84.56	84.99	85.82	86.25	87.08	87.51	88.34
Fibonacci	84.92	85.41	85.70	86.18	86.67	86.96	87.44

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	81.17	81.65	82.59	83.07	84.01	84.49	85.43
Camarilla	83.14	83.27	83.40	83.53	83.66	83.79	83.92
Woodie	81.40	81.77	82.82	83.19	84.24	84.61	85.66
Fibonacci	81.65	82.19	82.53	83.07	83.61	83.95	84.49

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	75.04	77.17	79.86	82.00	84.69	86.82	89.51
Camarilla	81.22	81.67	82.11	82.55	82.99	83.44	83.88
Woodie	75.31	77.31	80.14	82.14	84.96	86.96	89.79
Fibonacci	77.17	79.02	80.15	82.00	83.84	84.98	86.82

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):	75.63
MACD (12,26,9):	1.1600
Directional Movement:	16.09
AROON (14):	85.71
DEMA (21):	85.12
Parabolic SAR (0,02-0,02-0,2):	82.09
Elder Ray (13):	2.45
Super Trend (3,10):	83.55
Zig ZAG (10):	87.18
VORTEX (21):	1.2000
Stochastique (14,3,5):	97.95
TEMA (21):	85.88
Williams %R (14):	-2.27
Chande Momentum Oscillator (20):	4.38
Repulse (5,40,3):	3.3900
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	5.37

MA7:	84.91
MA20:	83.60
MA50:	81.94
MA100:	82.11
MAexp7:	85.36
MAexp20:	83.78
MAexp50:	82.54
MAexp100:	81.41
Price / MA7:	+2.73%
Price / MA20:	+4.34%
Price / MA50:	+6.46%
Price / MA100:	+6.24%
Price / MAexp7:	+2.19%
Price / MAexp20:	+4.12%
Price / MAexp50:	+5.68%
Price / MAexp100:	+7.15%

News

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

07/24/2019 - 01:00 Akzo Nobel NV to Host Earnings Call
06/17/2019 - 06:00 AkzoNobel share buyback (June 10, 2019 - June 14, 2019)
06/10/2019 - 06:00 AkzoNobel share buyback (June 3, 2019 - June 7, 2019)
06/03/2019 - 06:00 AkzoNobel share buyback (May 27, 2019 - May 31, 2019)
05/27/2019 - 06:00 AkzoNobel share buyback (May 20, 2019 - May 23, 2019)

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

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