AKZO NOBEL N.V. (AKZA.AS)

NL0013267909 - Common Stock

72.2  +0.16 (+0.22%)

Technical Rating

4

We assign a technical rating of 4 out of 10 to AKZA. AKZA has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.



AKZA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AKZA is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When compared to the yearly performance of all other stocks, AKZA outperforms 44% of them, which is more or less in line with the market.
AKZA is an average performer in the Chemicals industry, it outperforms 70% of 30 stocks in the same industry.
In the last month AKZA has a been trading in the 70.26 - 77.96 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -3.01% 2.62% 10.84% -4.27% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 44.85 55 - 77.96
AKZA Weekly chart
AKZA Daily chart

Support/Resistance Analysis


65.74

78.11
3 important support areas can be observed.
  • A support zone ranging from 70.33 to 70.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @68.31 from a trend line in the daily time frame.
  • A support zone ranging from 66.40 to 66.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 72.75 to 73.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 75.80 to 77.34. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

6

AKZA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 70.49, a Stop Loss order could be placed below this zone.


AKZA Daily chart

AKZO NOBEL N.V.

AMS:AKZA (6/8/2023, 5:35:15 PM)

72.2

+0.16 (+0.22%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.22%
1 Week0.98%
2 Weeks-0.14%
1 Month-3.01%
3 Month2.62%
6 Month10.84%
12 Month-4.27%
Volatility
ATR(14)1.25
ATR(20)%1.69%
ATR Inc-12.31%
Range Today1.06
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.85
Mansfield-0.06
10 Day High73.62
10 Day Low70.26
20 Day High77.96
20 Day Low70.26
52 Week High77.96
52 Week Low55
CS1 End70.49
CR1 Start72.75
Volume & EV
DER(3)-2.55%
DER(5)-1.92%
Volume108.49K
Volume Incr-8.72%
Vol(5)338.07K
Vol(50)372.28K
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