FREENET AG NA O.N. - 1H - Technical analysis published on 03/21/2024 (GMT)
- 99
- 0
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 25.04 EUR
My targets
25.54 EUR (+0.55%)
25.75 EUR (+1.38%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade FREENET AG NA O.N. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 25.04 EUR. The buyers' bullish objective is set at 25.54 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.75 EUR. If there is any crossing, the next objective would be the resistance located at 26.18 EUR. If there is a bearish break in the support located at 25.04 EUR some indecision would arise.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
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Additional analysis
Quotes
FREENET AG NA O.N. rating 25.40 EUR. The price is lower by -0.39% since the last closing and was traded between 25.40 EUR and 25.58 EUR over the period. The price is currently at 0% from its lowest and -0.70% from its highest.25.40
25.58
25.40
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of FREENET AG NA O.N. indicates that the overall trend is slightly bullish. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.31 | 24.65 | 25.04 | 25.40 | 25.54 | 25.75 | 26.18 |
| Change (%) | -4.29% | -2.95% | -1.42% | - | +0.55% | +1.38% | +3.07% |
| Change | -1.09 | -0.75 | -0.36 | - | +0.14 | +0.35 | +0.78 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.93 | 25.05 | 25.27 | 25.39 | 25.61 | 25.73 | 25.95 |
| Camarilla | 25.41 | 25.44 | 25.47 | 25.50 | 25.53 | 25.56 | 25.59 |
| Woodie | 24.99 | 25.08 | 25.33 | 25.42 | 25.67 | 25.76 | 26.01 |
| Fibonacci | 25.05 | 25.18 | 25.26 | 25.39 | 25.52 | 25.60 | 25.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.46 | 24.20 | 24.70 | 25.44 | 25.94 | 26.68 | 27.18 |
| Camarilla | 24.86 | 24.97 | 25.09 | 25.20 | 25.31 | 25.43 | 25.54 |
| Woodie | 23.34 | 24.14 | 24.58 | 25.38 | 25.82 | 26.62 | 27.06 |
| Fibonacci | 24.20 | 24.67 | 24.97 | 25.44 | 25.91 | 26.21 | 26.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.96 | 22.10 | 23.52 | 24.66 | 26.08 | 27.22 | 28.64 |
| Camarilla | 24.24 | 24.47 | 24.71 | 24.94 | 25.18 | 25.41 | 25.64 |
| Woodie | 21.10 | 22.17 | 23.66 | 24.73 | 26.22 | 27.29 | 28.78 |
| Fibonacci | 22.10 | 23.08 | 23.68 | 24.66 | 25.64 | 26.24 | 27.22 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.02 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 24.73 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 25.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.15 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 25.21 | |
| Zig ZAG (10): | 25.48 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 88.51 | |
| TEMA (21): | 25.46 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.32 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.15 |
| MA7: | 25.22 | |
| MA20: | 25.26 | |
| MA50: | 25.12 | |
| MA100: | 25.21 | |
| MAexp7: | 25.41 | |
| MAexp20: | 25.30 | |
| MAexp50: | 25.30 | |
| MAexp100: | 25.31 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | +0.55% | |
| Price / MA50: | +1.11% | |
| Price / MA100: | +0.75% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.40% | |
| Price / MAexp50: | +0.40% | |
| Price / MAexp100: | +0.36% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on FREENET AG NA O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: CORRECTION: freenet generates EBITDA of half a billion euros for the first time and proposes dividend increase
- EQS-News: freenet generates EBITDA of half a billion euros for the first time and proposes dividend increase
- 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)
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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