FREENET AG NA O.N. - 1H - Technical analysis published on 01/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 25.95 EUR
My targets
26.44 EUR (+0.76%)
26.78 EUR (+2.06%)
My analysis
The basic bullish trend is very strong on FREENET AG NA O.N. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 25.95 EUR. Crossing the first resistance at 26.44 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 26.78 EUR as an objective. Caution, a return to below 25.95 EUR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.2
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Additional analysis
Quotes
The FREENET AG NA O.N. price is 26.24 EUR. The price is lower by -0.68% since the last closing with the lowest point at 26.22 EUR and the highest point at 26.52 EUR. The deviation from the price is +0.08% for the low point and -1.06% for the high point.26.22
26.52
26.24
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this FREENET AG NA O.N. chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 25.32 | 25.95 | 26.20 | 26.24 | 26.44 | 26.78 |
| Change (%) | -3.51% | -1.11% | -0.15% | - | +0.76% | +2.06% |
| Change | -0.92 | -0.29 | -0.04 | - | +0.20 | +0.54 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.99 | 26.09 | 26.25 | 26.35 | 26.51 | 26.61 | 26.77 |
| Camarilla | 26.35 | 26.37 | 26.40 | 26.42 | 26.44 | 26.47 | 26.49 |
| Woodie | 26.03 | 26.11 | 26.29 | 26.37 | 26.55 | 26.63 | 26.81 |
| Fibonacci | 26.09 | 26.19 | 26.25 | 26.35 | 26.45 | 26.51 | 26.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.94 | 25.24 | 25.68 | 25.98 | 26.42 | 26.72 | 27.16 |
| Camarilla | 25.92 | 25.98 | 26.05 | 26.12 | 26.19 | 26.26 | 26.32 |
| Woodie | 25.01 | 25.28 | 25.75 | 26.02 | 26.49 | 26.76 | 27.23 |
| Fibonacci | 25.24 | 25.52 | 25.70 | 25.98 | 26.26 | 26.44 | 26.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.99 | 23.81 | 24.57 | 25.39 | 26.15 | 26.97 | 27.73 |
| Camarilla | 24.91 | 25.05 | 25.20 | 25.34 | 25.49 | 25.63 | 25.78 |
| Woodie | 22.97 | 23.80 | 24.55 | 25.38 | 26.13 | 26.96 | 27.71 |
| Fibonacci | 23.81 | 24.41 | 24.78 | 25.39 | 25.99 | 26.36 | 26.97 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.49 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 21.34 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 26.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.52 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 26.11 | |
| Zig ZAG (10): | 26.24 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 36.51 | |
| TEMA (21): | 26.38 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | 0.12 | |
| Repulse (5,40,3): | -0.4700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.03 |
| MA7: | 26.03 | |
| MA20: | 25.75 | |
| MA50: | 25.53 | |
| MA100: | 24.23 | |
| MAexp7: | 26.30 | |
| MAexp20: | 26.23 | |
| MAexp50: | 26.07 | |
| MAexp100: | 25.91 | |
| Price / MA7: | +0.81% | |
| Price / MA20: | +1.90% | |
| Price / MA50: | +2.78% | |
| Price / MA100: | +8.30% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.65% | |
| Price / MAexp100: | +1.27% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The latest news and videos published on FREENET AG NA O.N. at the time of the analysis were as follows:
- EQS-News: freenet AG: freenet continues to impress with strong customer growth in IPTV and specifies 2023 guidance
- EQS-News: freenet impresses in the 1st half of 2023: EBITDA, free cash flow and subscribers significantly above prior year
- EQS-News: freenet AG: Annual General Meeting resolves dividend of EUR 1.68 per share (previous year: EUR 1.57)
- EQS-News: freenet AG: freenet starts the 2023 financial year with a significant increase in EBITDA
- EQS-News: freenet confirms 2022 preliminary results, dividend proposal of 1.68 euros and 2023 guidance
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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