BAMNB Technical Analysis - KONINKLIJKE BAM GROEP NV

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to BAMNB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BAMNB is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that BAMNB is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, BAMNB also shows a nice and consistent pattern of rising prices.

BAMNB is part of the Construction & Engineering industry. There are 41 other stocks in this industry. BAMNB outperforms 85% of them.

BAMNB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month BAMNB has a been trading in the 7.26 - 8.43 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

KONINKLIJKE BAM GROEP NV / BAMNB Weekly stock chart

KONINKLIJKE BAM GROEP NV / BAMNB Daily stock chart

Setup Rating and Analysis

Although BAMNB has an excellent technical rating, it does not present a decent entry opportunity 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

5.07

8.37

When analyzing the support we can see 4 important areas.

A support zone ranging from 7.58 to 7.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @7.33 from a horizontal line in the daily time frame.
Support @7.15 from a horizontal line in the daily time frame.
Support @5.12 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for BAMNB.AS is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BAMNB.AS is up.
ChartMill Relative Strength	96.64	POSITIVE	BAMNB.AS has a high relative strength, it outperformed 96.64% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BAMNB.AS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BAMNB.AS is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BAMNB.AS is above the rising SMA(200).
Relative Strength Index/RSI (14)	64.91	NEUTRAL	The RSI value for BAMNB.AS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests BAMNB.AS has a positive trend.
Stochastics (14,3)	92.77	OVERBOUGHT	The high Stochastics value suggests BAMNB.AS may be overbought.
Average True Range in percent/ATR (20)	2.67	MEDIUM VOLATILITY	The ATR as a percentage value for BAMNB.AS suggests some volalility.
Average Directional Index/ADX (14)	22.52	NEUTRAL	The ADX value for BAMNB.AS suggests a possible start of a new trend.