Londinia Opportunities Analyses - 12/02/2021 (GMT) AMG - 1H
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EUR
(-)
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15 min delayed data - Euronext Amsterdam
Type: | Stocks |
Ticker: | AMG |
ISIN: | NL0000888691 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
61%
11%
My opinion
Bearish under 25.24 EUR
My targets
24.43 EUR (-1.89%)
23.88 EUR (-4.10%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AMG as long as the price remains well below 25.24 EUR. The next bearish objective for sellers is set at 24.43 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 23.88 EUR. If there is any crossing, the next objective would be the support located at 16.76 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The AMG price is 24.90 EUR. On the day, this instrument lost -1.19% and was traded between 24.42 EUR and 25.16 EUR over the period. The price is currently at +1.97% from its lowest and -1.03% from its highest.24.42
25.16
24.90
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AMG:
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 AMG in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 5 are bullish, 2 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 16.76 | 23.88 | 24.43 | 24.90 | 25.24 | 25.78 | 26.26 |
Change (%) | -32.69% | -4.10% | -1.89% | - | +1.37% | +3.53% | +5.46% |
Change | -8.14 | -1.02 | -0.47 | - | +0.34 | +0.88 | +1.36 |
Level | Major | Intermediate | Major | - | Major | Major | Minor |
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 | 24.19 | 24.55 | 24.87 | 25.23 | 25.55 | 25.91 | 26.23 |
Camarilla | 25.01 | 25.08 | 25.14 | 25.20 | 25.26 | 25.33 | 25.39 |
Woodie | 24.18 | 24.54 | 24.86 | 25.22 | 25.54 | 25.90 | 26.22 |
Fibonacci | 24.55 | 24.81 | 24.97 | 25.23 | 25.49 | 25.65 | 25.91 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 20.97 | 22.71 | 23.59 | 25.33 | 26.21 | 27.95 | 28.83 |
Camarilla | 23.74 | 23.98 | 24.22 | 24.46 | 24.70 | 24.94 | 25.18 |
Woodie | 20.53 | 22.50 | 23.15 | 25.12 | 25.77 | 27.74 | 28.39 |
Fibonacci | 22.71 | 23.71 | 24.33 | 25.33 | 26.33 | 26.95 | 27.95 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 19.72 | 21.80 | 23.20 | 25.28 | 26.68 | 28.76 | 30.16 |
Camarilla | 23.64 | 23.96 | 24.28 | 24.60 | 24.92 | 25.24 | 25.56 |
Woodie | 19.38 | 21.63 | 22.86 | 25.11 | 26.34 | 28.59 | 29.82 |
Fibonacci | 21.80 | 23.13 | 23.95 | 25.28 | 26.61 | 27.43 | 28.76 |
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): | 43.08 | |
MACD (12,26,9): | -0.0700 | |
Directional Movement: | -15.82 | |
AROON (14): | -100.00 | |
DEMA (21): | 24.84 | |
Parabolic SAR (0,02-0,02-0,2): | 25.56 | |
Elder Ray (13): | -0.34 | |
Super Trend (3,10): | 25.35 | |
Zig ZAG (10): | 24.80 | |
VORTEX (21): | 0.9500 | |
Stochastique (14,3,5): | 19.07 | |
TEMA (21): | 24.92 | |
Williams %R (14): | -56.52 | |
Chande Momentum Oscillator (20): | -0.42 | |
Repulse (5,40,3): | 0.7700 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0100 | |
Courbe Coppock: | 0.56 |
MA7: | 25.26 | |
MA20: | 25.84 | |
MA50: | 26.78 | |
MA100: | 27.61 | |
MAexp7: | 24.85 | |
MAexp20: | 24.93 | |
MAexp50: | 25.17 | |
MAexp100: | 25.51 | |
Price / MA7: | -1.43% | |
Price / MA20: | -3.64% | |
Price / MA50: | -7.02% | |
Price / MA100: | -9.82% | |
Price / MAexp7: | +0.20% | |
Price / MAexp20: | -0.12% | |
Price / MAexp50: | -1.07% | |
Price / MAexp100: | -2.39% |
Quotes :
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15 min delayed data
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Euronext Amsterdam
News
The last news published on AMG at the time of the generation of this analysis was as follows:
- AMG Advanced Metallurgical Group N.V. Announces AMG Brazil Mine Site has Reached Over 1,000 Days Without a Lost Time Incident
- AMG Advanced Metallurgical Group N.V. Completes Issuance of $550 Million of Credit Facilities
- AMG Advanced Metallurgical Group N.V. Reports Third Quarter 2021 Results
- AMG Advanced Metallurgical Group N.V. Schedule for Third Quarter 2021 Earnings Release
- AMG Advanced Metallurgical Group N.V. Issues Report on Payments to Governments in 2020