ABN AMRO BANK N.V. - Daily - Technical analysis published on 10/25/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 12.869 EUR
My targets
11.697 EUR (-7.17%)
10.797 EUR (-14.31%)
My analysis
The bearish trend is currently very strong for ABN AMRO BANK N.V.. As long as the price remains below the resistance at 12.869 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 11.697 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10.797 EUR as an objective. Crossing it would then enable sellers to target 8.999 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
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 ABN AMRO BANK N.V. rating is 12.600 EUR. The price registered a decrease of -0.47% on the session and was traded between 12.475 EUR and 12.705 EUR over the period. The price is currently at +1.00% from its lowest and -0.83% from its highest.12.475
12.705
12.600
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ABN AMRO BANK N.V. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.115 | 8.999 | 10.797 | 12.600 | 12.869 | 13.584 | 14.197 |
| Change (%) | -35.60% | -28.58% | -14.31% | - | +2.13% | +7.81% | +12.67% |
| Change | -4.485 | -3.601 | -1.803 | - | +0.269 | +0.984 | +1.597 |
| Level | Major | Minor | Minor | - | Major | Intermediate | Intermediate |
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 | 12.453 | 12.547 | 12.603 | 12.697 | 12.753 | 12.847 | 12.903 |
| Camarilla | 12.619 | 12.633 | 12.646 | 12.660 | 12.674 | 12.688 | 12.701 |
| Woodie | 12.435 | 12.538 | 12.585 | 12.688 | 12.735 | 12.838 | 12.885 |
| Fibonacci | 12.547 | 12.604 | 12.639 | 12.697 | 12.754 | 12.789 | 12.847 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.398 | 11.982 | 12.298 | 12.882 | 13.198 | 13.782 | 14.098 |
| Camarilla | 12.368 | 12.450 | 12.533 | 12.615 | 12.698 | 12.780 | 12.863 |
| Woodie | 11.265 | 11.915 | 12.165 | 12.815 | 13.065 | 13.715 | 13.965 |
| Fibonacci | 11.982 | 12.326 | 12.538 | 12.882 | 13.226 | 13.438 | 13.782 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.697 | 12.313 | 12.877 | 13.493 | 14.057 | 14.673 | 15.237 |
| Camarilla | 13.116 | 13.224 | 13.332 | 13.440 | 13.548 | 13.656 | 13.765 |
| Woodie | 11.670 | 12.300 | 12.850 | 13.480 | 14.030 | 14.660 | 15.210 |
| Fibonacci | 12.313 | 12.764 | 13.043 | 13.493 | 13.944 | 14.223 | 14.673 |
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): | 34.40 | |
| MACD (12,26,9): | -0.2020 | |
| Directional Movement: | -17.781 | |
| AROON (14): | -71.429 | |
| DEMA (21): | 12.865 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.576 | |
| Elder Ray (13): | -0.400 | |
| Super Trend (3,10): | 13.407 | |
| Zig ZAG (10): | 12.595 | |
| VORTEX (21): | 0.8540 | |
| Stochastique (14,3,5): | 10.10 | |
| TEMA (21): | 12.761 | |
| Williams %R (14): | -90.40 | |
| Chande Momentum Oscillator (20): | -0.605 | |
| Repulse (5,40,3): | -1.8550 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1320 | |
| Courbe Coppock: | 6.18 |
| MA7: | 12.869 | |
| MA20: | 13.174 | |
| MA50: | 13.359 | |
| MA100: | 13.652 | |
| MAexp7: | 12.829 | |
| MAexp20: | 13.102 | |
| MAexp50: | 13.356 | |
| MAexp100: | 13.470 | |
| Price / MA7: | -2.09% | |
| Price / MA20: | -4.36% | |
| Price / MA50: | -5.68% | |
| Price / MA100: | -7.71% | |
| Price / MAexp7: | -1.79% | |
| Price / MAexp20: | -3.83% | |
| Price / MAexp50: | -5.66% | |
| Price / MAexp100: | -6.46% |
Quotes :
-
15 min delayed data
-
Euronext Amsterdam
News
Don't forget to follow the news on ABN AMRO BANK N.V.. At the time of publication of this analysis, the latest news was as follows:
- ABN AMRO discloses preliminary outcome of capital requirements for 2024
- ABN AMRO intends to appoint Ton van Nimwegen as COO and member of the Executive Board
- Tanja Cuppen not available for reappointment as ABN AMRO Chief Risk Officer
- ABN AMRO reports net profit of EUR 870 million for Q2 2023
- ABN AMRO Bank cancels repurchased shares
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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