Londinia Opportunities Analyses - 02/01/2023 (GMT) NN GROUP - 1H

- EUR (-)

- 15 min delayed data - Euronext Amsterdam

Type:	Stocks
Ticker:	NN
ISIN:	NL0010773842

Londinia

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: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 39.45 EUR

My targets

40.25 EUR (+1.00%)

40.48 EUR (+1.58%)

My analysis

The bullish trend is currently very strong on NN GROUP. As long as the price remains above the support at 39.45 EUR, you could try to benefit from the boom. The first bullish objective is located at 40.25 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 40.48 EUR as an objective. Crossing it would then enable buyers to target 41.40 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.6

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The NN GROUP rating is 39.85 EUR. The price registered an increase of +0.08% on the session and was between 39.62 EUR and 39.96 EUR. This implies that the price is at +0.58% from its lowest and at -0.28% from its highest.

39.62

39.96

39.85

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NN GROUP:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 1H of this NN GROUP chart shows a strongly bullish trend. 92.86% 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.

The probability of a further increase is high given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

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 resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	38.81	39.18	39.45	39.85	39.89	40.25	40.48
Change (%)	-2.61%	-1.68%	-1.00%	-	+0.10%	+1.00%	+1.58%
Change	-1.04	-0.67	-0.40	-	+0.04	+0.40	+0.63
Level	Minor	Major	Intermediate	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39.31	39.41	39.62	39.72	39.93	40.03	40.24
Camarilla	39.74	39.76	39.79	39.82	39.85	39.88	39.91
Woodie	39.36	39.44	39.67	39.75	39.98	40.06	40.29
Fibonacci	39.41	39.53	39.61	39.72	39.84	39.92	40.03

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.92	38.35	39.03	39.46	40.14	40.57	41.25
Camarilla	39.42	39.52	39.62	39.72	39.82	39.92	40.03
Woodie	38.06	38.41	39.17	39.52	40.28	40.63	41.39
Fibonacci	38.35	38.77	39.03	39.46	39.88	40.14	40.57

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	36.27	37.25	38.53	39.51	40.79	41.77	43.05
Camarilla	39.20	39.41	39.61	39.82	40.03	40.23	40.44
Woodie	36.43	37.33	38.69	39.59	40.95	41.85	43.21
Fibonacci	37.25	38.11	38.64	39.51	40.37	40.90	41.77

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	60.47
MACD (12,26,9):	0.0900
Directional Movement:	12.01
AROON (14):	85.71
DEMA (21):	39.80
Parabolic SAR (0,02-0,02-0,2):	39.47
Elder Ray (13):	0.02
Super Trend (3,10):	39.35
Zig ZAG (10):	39.85
VORTEX (21):	1.0000
Stochastique (14,3,5):	62.12
TEMA (21):	39.80
Williams %R (14):	-27.27
Chande Momentum Oscillator (20):	0.27
Repulse (5,40,3):	0.3500
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.34

MA7:	39.51
MA20:	39.44
MA50:	40.13
MA100:	40.88
MAexp7:	39.77
MAexp20:	39.67
MAexp50:	39.50
MAexp100:	39.42
Price / MA7:	+0.86%
Price / MA20:	+1.04%
Price / MA50:	-0.70%
Price / MA100:	-2.52%
Price / MAexp7:	+0.20%
Price / MAexp20:	+0.45%
Price / MAexp50:	+0.89%
Price / MAexp100:	+1.09%

Quotes : - 15 min delayed data - Euronext Amsterdam

News

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