Londinia Opportunities Analyses - 12/02/2021 (GMT) AMG - 1H

AMG
- EUR (-)
- 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

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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.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by AMG:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard24.1924.5524.8725.2325.5525.9126.23
Camarilla25.0125.0825.1425.2025.2625.3325.39
Woodie24.1824.5424.8625.2225.5425.9026.22
Fibonacci24.5524.8124.9725.2325.4925.6525.91


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.9722.7123.5925.3326.2127.9528.83
Camarilla23.7423.9824.2224.4624.7024.9425.18
Woodie20.5322.5023.1525.1225.7727.7428.39
Fibonacci22.7123.7124.3325.3326.3326.9527.95


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.7221.8023.2025.2826.6828.7630.16
Camarilla23.6423.9624.2824.6024.9225.2425.56
Woodie19.3821.6322.8625.1126.3428.5929.82
Fibonacci21.8023.1323.9525.2826.6127.4328.76

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 : - 15 min delayed data - Euronext Amsterdam

News


The last news published on AMG at the time of the generation of this analysis was as follows: