BAMNB Technical Analysis - KONINKLIJKE BAM GROEP NV

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to BAMNB. In the last year, BAMNB was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

In the last month BAMNB has a been trading in the 7.11 - 8.84 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

When comparing the yearly performance of all stocks, we notice that BAMNB is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by BAMNB over the past year are nicely spread over this period.

BAMNB is part of the Construction & Engineering industry. There are 47 other stocks in this industry. BAMNB outperforms 80% of them.

BAMNB 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 BAMNB 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.

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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

BAMNB has an average technical rating and it also does not offer a high quality setup 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

5.22

7.49

When analyzing the support we can see 3 important areas.

A support zone ranging from 7.33 to 7.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @7.15 from a horizontal line in the daily time frame.
Support @5.27 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The short term trend for BAMNB.AS is down.
ChartMill Relative Strength	92.66	POSITIVE	BAMNB.AS has a high relative strength, it outperformed 92.66% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BAMNB.AS is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BAMNB.AS is below a declining 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)	37.75	NEUTRAL	The RSI value for BAMNB.AS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.13	NEGATIVE	The MACD value suggests BAMNB.AS has a negative trend.
Stochastics (14,3)	17.49	OVERSOLD	The low Stochastics value suggests BAMNB.AS may be oversold.
Average True Range in percent/ATR (20)	4.07	MEDIUM VOLATILITY	The ATR as a percentage value for BAMNB.AS suggests some volalility.
Average Directional Index/ADX (14)	24.17	NEUTRAL	The ADX value for BAMNB.AS suggests a possible start of a new trend.