NORDEA BANK ABP (04Q.DE) Stock Technical Analysis
FRA:04Q - Deutsche Boerse Ag - FI4000297767 - Common Stock - Currency: EUR
Overall 04Q gets a technical rating of 8 out of 10. Although 04Q is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
04Q is one of the lesser performing stocks in the Banks industry. 80% of 94 stocks in the same industry do better.
Warning: 04Q has an average volume of 22767 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
04Q is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so 04Q is performing more or less in line with the market.
04Q is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, 04Q outperforms 60% of them, which is more or less in line with the market.
In the last month 04Q has a been trading in a tight range between 12.35 and 13.01.
Besides having an excellent technical rating, 04Q also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 12.75, a Stop Loss order could be placed below this zone.
More info and screens
10.12
13.33
When analyzing the support we can see 3 important areas.
- A support zone ranging from 12.59 to 12.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.79 from a trend line in the weekly time frame.
- A support zone ranging from 10.22 to 10.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 13.12 to 13.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for 04Q.DE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 04Q.DE is up. |
| ChartMill Relative Strength | 60.48 | NEUTRAL | 04Q.DE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 04Q.DE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of 04Q.DE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of 04Q.DE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.31 | NEUTRAL | The RSI value for 04Q.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests 04Q.DE has a negative trend. |
| Stochastics (14,3) | 58.47 | NEUTRAL | The Stochastics value for 04Q.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.33 | LOW VOLATILITY | The low ATR as a percentage value for 04Q.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 20.18 | NEUTRAL | The ADX value for 04Q.DE suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.92 | 12.58 | 0.33 (2.59%) | 25.00% |
| An entry @12.91. This is a Buy Stop order right above the 10 day high. | An exit @12.58. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.33 points, which is 2.59%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FRA:04Q (6/4/2025, 7:00:00 PM)
12.76
+0.05 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.39%
1 Week0.63%
2 Weeks-0.27%
1 Month3.49%
3 Month-1.92%
6 Month12.13%
12 Month9.62%
2 Year28.06%
3 Year40.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%1.33%
ATR Inc-18.64%
Range Today0.11
ADR(20)0.14
ADR(20)%1.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.48
Mansfield0.83
10 Day High12.91
10 Day Low12.4
20 Day High13.01
20 Day Low12.35
52 Week High13.32
52 Week Low9.8
CS1 End12.75
CR1 Start13.12
Volume & EV
DER(3)0%
DER(5)0%
Volume11.68K
Volume Incr0.88%
Vol(5)8.17K
Vol(50)22.77K