FRESENIUS SE+CO.KGAA O.N. - Daily - Technical analysis published on 02/09/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 26.45 EUR
My targets
23.96 EUR (-5.18%)
21.38 EUR (-15.39%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FRESENIUS SE+CO.KGAA O.N. as long as the price remains well below 26.45 EUR. The sellers' bearish objective is set at 23.96 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 21.38 EUR. In case of crossing, the next objective would be the support located at 19.37 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FRESENIUS SE+CO.KGAA O.N. price is 25.27 EUR. The price registered a decrease of -0.32% on the session with the lowest point at 25.23 EUR and the highest point at 25.43 EUR. The deviation from the price is +0.16% for the low point and -0.63% for the high point.25.23
25.43
25.27
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this FRESENIUS SE+CO.KGAA O.N. chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.47 | 19.37 | 23.96 | 25.27 | 25.45 | 26.45 | 27.12 |
| Change (%) | -42.74% | -23.35% | -5.18% | - | +0.71% | +4.67% | +7.32% |
| Change | -10.80 | -5.90 | -1.31 | - | +0.18 | +1.18 | +1.85 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.92 | 25.12 | 25.23 | 25.43 | 25.54 | 25.74 | 25.85 |
| Camarilla | 25.27 | 25.29 | 25.32 | 25.35 | 25.38 | 25.41 | 25.44 |
| Woodie | 24.89 | 25.10 | 25.20 | 25.41 | 25.51 | 25.72 | 25.82 |
| Fibonacci | 25.12 | 25.24 | 25.31 | 25.43 | 25.55 | 25.62 | 25.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.99 | 24.17 | 24.81 | 25.99 | 26.63 | 27.81 | 28.45 |
| Camarilla | 24.95 | 25.12 | 25.28 | 25.45 | 25.62 | 25.78 | 25.95 |
| Woodie | 22.72 | 24.04 | 24.54 | 25.86 | 26.36 | 27.68 | 28.18 |
| Fibonacci | 24.17 | 24.87 | 25.30 | 25.99 | 26.69 | 27.12 | 27.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.38 | 23.56 | 24.84 | 27.02 | 28.30 | 30.48 | 31.76 |
| Camarilla | 25.17 | 25.49 | 25.80 | 26.12 | 26.44 | 26.75 | 27.07 |
| Woodie | 20.93 | 23.34 | 24.39 | 26.80 | 27.85 | 30.26 | 31.31 |
| Fibonacci | 23.56 | 24.88 | 25.70 | 27.02 | 28.34 | 29.16 | 30.48 |
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): | 32.14 | |
| MACD (12,26,9): | -0.6000 | |
| Directional Movement: | -19.05 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 25.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.57 | |
| Elder Ray (13): | -0.60 | |
| Super Trend (3,10): | 26.91 | |
| Zig ZAG (10): | 25.25 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 9.67 | |
| TEMA (21): | 25.16 | |
| Williams %R (14): | -95.50 | |
| Chande Momentum Oscillator (20): | -1.31 | |
| Repulse (5,40,3): | -1.4100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2900 | |
| Courbe Coppock: | 7.21 |
| MA7: | 25.54 | |
| MA20: | 26.17 | |
| MA50: | 27.57 | |
| MA100: | 27.22 | |
| MAexp7: | 25.60 | |
| MAexp20: | 26.26 | |
| MAexp50: | 26.94 | |
| MAexp100: | 27.16 | |
| Price / MA7: | -1.06% | |
| Price / MA20: | -3.44% | |
| Price / MA50: | -8.34% | |
| Price / MA100: | -7.16% | |
| Price / MAexp7: | -1.29% | |
| Price / MAexp20: | -3.77% | |
| Price / MAexp50: | -6.20% | |
| Price / MAexp100: | -6.96% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The latest news and videos published on FRESENIUS SE+CO.KGAA O.N. at the time of the analysis were as follows:
- EQS-Adhoc: Fresenius SE & Co. KGaA: Fresenius retains relief payments for hospitals of up to €300 million (from the current perspective) and is therefore subject to a ban on dividends and bonuses for 2023
- Prometheus Laboratories Announces Collaboration with Fresenius Kabi on Anser Testing
- EQS-AGM: Fresenius SE & Co. KGaA: Announcement of the Convening of the General Meeting in Frankfurt am Main on 17.05.2023 according to article 121 AktG (German Stock Companies Act) with the objective of Europe-wide distribution
- EQS-Adhoc: Fresenius SE & Co. KGaA: Outlook 2023 – Fresenius advances with deconsolidation of Fresenius Medical Care by changing its legal form into a German stock corporation (Aktiengesellschaft)
- EQS-Adhoc: Fresenius SE & Co. KGaA: Fresenius SE & Co. KGaA confirms review of deconsolidation of Fresenius Medical Care through change of legal form into a stock corporation
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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