AKZO NOBEL N.V. (AKZA.AS)       59.26  -1.9 (-3.11%)

59.26  -1.9 (-3.11%)

NL0013267909 - Common Stock

Technical Rating

0

Overall AKZA gets a technical rating of 0 out of 10. AKZA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



AKZA is an average performer in the Chemicals industry, it outperforms 45% of 31 stocks in the same industry.
In the last month AKZA has a been trading in the 55.00 - 65.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
82% of all other stocks performed better in the past year than AKZA.
AKZA is currently trading in the lower part of its 52 week range, which is not a good signal. On the other hand, the S&P500 Index is also trading in the lower part of its yearly range, so AKZA is not an exception.

Statistics

1 Month 3 Months 6 Months 12 Months -6.97% -6.50% -24.12% -35.88% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 18.09 55 - 104.6
AKZA Weekly chart
AKZA Daily chart

Support/Resistance Analysis


58.67

69.64
When analyzing the resistance we notice 3 important areas.
  • A resistance zone ranging from 61.69 to 62.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A resistance zone ranging from 63.15 to 63.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @68.95 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

5

AKZA has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


AKZA Daily chart

AKZO NOBEL N.V.59.26

AMS:AKZA (10/7/2022, 7:00:00 PM)-1.9 (-3.11%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Chemicals
Performance
Today -3.11% 1 Week 1.61%
2 Weeks 3.78% 1 Month -6.97%
3 Month -6.5% 6 Month -24.12%
Volatility
ATR(14) 1.83 ATR(20)% 3.1%
ATR Inc -8.43% Range Today 2.12
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 18.09 Mansfield -1.3
10 Day High 62.84 10 Day Low 55
20 Day High 65.08 20 Day Low 55
52 Week High 104.6 52 Week Low 55
CS1 End N/A CR1 Start 61.69
Volume & EV
DER(3) -3.37% DER(5) -1.94%
Volume 521.83K Volume Incr -23.96%
Vol(5) 572.15K Vol(50) 600.62K

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