
Technical analysis of Anglo American plc (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
Anglo American plc (AAL.L) is a mining company headquartered in London, founded in 1917, engaged in the production of copper, iron ore, and crop nutrients both in the United Kingdom and internationally. It operates through the Premium Iron Ore and Copper segments, while also exploring for nickel, diamonds, steelmaking coal, and manganese ore. The stock is listed on the London Stock Exchange and belongs to the Basic Materials sector.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for September 3, 2026, computed on the last 12 months of prices.
21 sessions
4,063.32 GBp
+2.53%
50 sessions
3,819.07 GBp
+9.08%
200 sessions
3,523.19 GBp
+18.24%
s2
4,052.33
Support
s1
4,113.67
Support
pivot
4,182.33
Pivot
r1
4,243.67
Resistance
r2
4,312.33
Resistance
In the September 3, 2026 session Anglo American plc closed lower at 4,166.00 GBp, −0.22% versus the previous session.
The price sits above every moving average observed: +2.53% against the 21-session average, +9.08% against the 50 and +18.24% against the 200.
The 14-period RSI reads 59.0, in neutral territory.
MACD stands at 103.560 against a signal line at 104.249: the histogram is negative (−0.689).
ADX reads 20.5, indicating weak directionality.
Levels computed on the latest session place supports at 4,113.67 and 4,052.33 GBp and resistances at 4,243.67 and 4,312.33 GBp, around a pivot of 4,182.33.
The average daily range (ATR) is 130.798 GBp, or 3.14% of price.
Turnover was 4.5M shares, 55% of the 20-session average.
Over the last twelve months the price ranged between 2,756.84 and 4,321.00 GBp, and today stands −3.59% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is Anglo American plc technically analysed?
Technical analysis of a mining stock like AAL.L involves studying price charts, trading volumes, and indicators such as moving averages, RSI, and MACD to identify trends and key support and resistance levels. These tools focus on price behaviour over time, independently of the company's fundamentals.
Which timeframes are most commonly used in the technical analysis of AAL.L?
Technical analysts typically use multiple timeframes simultaneously: daily or weekly charts to identify the main trend, and 1-hour or 4-hour charts to pinpoint more precise entry or exit points. Combining different timeframes provides a more complete picture of the price structure.
What is Elliott Wave theory and how does it apply to a stock like Anglo American?
Elliott Wave theory is a technical analysis method that proposes prices move in repetitive wave sequences, consisting of five impulse waves and three corrective waves. When applied to a stock like AAL.L, it aims to map expansion and correction phases in order to probabilistically anticipate potential future price movements.
Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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