ABN AMRO Bank N.V. Stock Forecast

Weaker technical forecast for ABN AMRO Bank N.V. as stock downgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)

ABN.AS Signals & Forecast

There are few to no technical positive signals at the moment. The ABN AMRO Bank N.V. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 15.66€ and 15.60€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -7.45%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for ABN AMRO Bank N.V. stock

ABN AMRO Bank N.V. finds support from accumulated volume at 15.19€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.290€ (1.93%) between high and low. For the last week, the stock has had daily average volatility of 1.96%.

Our recommended stop-loss: 14.59€ (-4.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (ABN.AS) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect ABN AMRO Bank N.V. to open at 15.18€, and during the day (based on 14 day Average True Range), to move between 14.87€ and 15.55€, which gives a possible trading interval of +/-0.344€ (+/-2.26%) up or down from last closing price. If ABN AMRO Bank N.V. takes out the full calculated possible swing range there will be an estimated 4.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 15.19€ (0.13%) than the resistance at 15.51€ (1.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ABN AMRO Bank N.V. stock A Buy?

ABN AMRO Bank N.V. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.811 Hold/Accumulate Downgraded

Predicted Opening Price for ABN AMRO Bank N.V. of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.