AKZO NOBEL - Daily - Technical analysis published on 11/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
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
0
10
8.8
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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:
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
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
S3
S2
S1
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:
- Akzo Nobel NV to Host Earnings Call
- AkzoNobel share buyback (June 10, 2019 - June 14, 2019)
- AkzoNobel share buyback (June 3, 2019 - June 7, 2019)
- AkzoNobel share buyback (May 27, 2019 - May 31, 2019)
- 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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