KONINKLIJKE BAM GROEP NV (BAMNB.AS)       2.322  -0.01 (-0.6%)

2.322  -0.01 (-0.6%)

NL0000337319 - Common Stock

Technical Rating

5

Overall BAMNB gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BAMNB was also a bad performer in the overall market in the last year.



The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
BAMNB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
BAMNB is an average performer in the Construction & Engineering industry, it outperforms 44% of 18 stocks in the same industry.
When comparing the yearly performance of all stocks, BAMNB is a bad performer in the overall market: 72% of all stocks are doing better.
BAMNB is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 2.91% 18.64% -0.26% -27.45% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 28.6 1.91 - 3.454
BAMNB Weekly chart
BAMNB Daily chart

Support/Resistance Analysis


2.05

2.88
When analyzing the support we can see 3 important areas.
  • A support zone ranging from 2.24 to 2.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @2.18 from a trend line in the daily time frame.
  • A support zone ranging from 2.07 to 2.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
  • A resistance zone ranging from 2.37 to 2.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @2.44 from a horizontal line in the daily time frame.
  • Resistance @2.49 from a trend line in the weekly time frame.
  • Resistance @2.85 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

5

BAMNB has an average technical rating and the quality of the presented setup is also not ideal 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.


BAMNB Daily chart

KONINKLIJKE BAM GROEP NV2.322

AMS:BAMNB (2/1/2023, 2:19:51 PM)-0.01 (-0.6%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Construction & Engineering

Performance
Today -0.6% 1 Week -1.35%
2 Weeks -3.95% 1 Month 2.91%
3 Month 18.64% 6 Month -0.26%

Volatility
ATR(14) 0.04 ATR(20)% 1.89%
ATR Inc -28.57% Range Today 0.04

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 28.6 Mansfield -0.58
10 Day High 2.44 10 Day Low 2.32
20 Day High 2.46 20 Day Low 2.28
52 Week High 3.45 52 Week Low 1.91
CS1 End 2.26 CR1 Start 2.37

Volume & EV
DER(3) 0.01% DER(5) 0.42%
Volume 141.71K Volume Incr -43.68%
Vol(5) 407.50K Vol(50) 690.50K

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