AM Technical Analysis - DASSAULT AVIATION SA

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to AM. Although AM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

In the last month AM has a been trading in the 266.40 - 295.00 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

Looking at the yearly performance, AM did better than 81% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.

AM is part of the Aerospace & Defense industry. There are 49 other stocks in this industry, AM did better than 50% of them.

AM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AM is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DASSAULT AVIATION SA / AM Weekly stock chart

DASSAULT AVIATION SA / AM Daily stock chart

Setup Rating and Analysis

AM 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

259.37

308.86

We found 1 important support area.

A support zone ranging from 261.99 to 266.80. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 277.70 to 281.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 290.01 to 293.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 304.01 to 305.80. This zone is formed by a combination of multiple trend lines in the daily time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for AM.PA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AM.PA is down.
ChartMill Relative Strength	81.63	POSITIVE	AM.PA has a high relative strength, it outperformed 81.63% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AM.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of AM.PA is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of AM.PA is below the rising SMA(200).
Relative Strength Index/RSI (14)	39.07	NEUTRAL	The RSI value for AM.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.91	NEGATIVE	The MACD value suggests AM.PA has a negative trend.
Stochastics (14,3)	11.37	OVERSOLD	The low Stochastics value suggests AM.PA may be oversold.
Average True Range in percent/ATR (20)	2.59	MEDIUM VOLATILITY	The ATR as a percentage value for AM.PA suggests some volalility.
Average Directional Index/ADX (14)	14.49	NEGATIVE	The low ADX value for AM.PA suggests a weak or negative trend.