AMG - Daily - Technical analysis published on 02/24/2020 (GMT)
- Who voted?
- 346
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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
0
10
4.6
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:
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
S3
S2
S1
R1
R2
R3
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:
- AMG Advanced Metallurgical Group N.V. Schedule for Full Year and Fourth Quarter 2019 Earnings Release
- AMG Advanced Metallurgical Group N.V. Announces Long-Term Spent Catalyst Recycling Agreement
- Saudi Arabian General Investment Authority, Shell and AMG Sign Agreement to Assess Building a Spent Residue Upgrading Catalyst Recycling Facility
- AMG Advanced Metallurgical Group N.V. Completes Acquisition of International Specialty Alloys
- AMG Advanced Metallurgical Group N.V. Starts Basic Engineering for a Lithium Hydroxide Refining Plant in Germany
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis AMG - Daily