ELRINGKLINGER AG NA O.N. - Daily - Technical analysis published on 11/21/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 6.829 EUR
My targets
7.844 EUR (+6.43%)
8.385 EUR (+13.77%)
My analysis
ELRINGKLINGER AG NA O.N. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.829 EUR. The next resistance located at 7.844 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 8.385 EUR. After this resistance, buyers could then target 9.068 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
5.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ELRINGKLINGER AG NA O.N. rating 7.370 EUR. The price registered a decrease of -0.27% on the session with the lowest point at 7.285 EUR and the highest point at 7.405 EUR. The deviation from the price is +1.17% for the low point and -0.47% for the high point.7.285
7.405
7.370
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ELRINGKLINGER AG NA O.N. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 5.211 | 5.845 | 6.829 | 7.370 | 7.844 | 8.385 | 9.068 |
| Change (%) | -29.29% | -20.69% | -7.34% | - | +6.43% | +13.77% | +23.04% |
| Change | -2.159 | -1.525 | -0.541 | - | +0.474 | +1.015 | +1.698 |
| Level | Major | Minor | Major | - | Intermediate | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.958 | 7.047 | 7.218 | 7.307 | 7.478 | 7.567 | 7.738 |
| Camarilla | 7.319 | 7.342 | 7.366 | 7.390 | 7.414 | 7.438 | 7.462 |
| Woodie | 7.000 | 7.068 | 7.260 | 7.328 | 7.520 | 7.588 | 7.780 |
| Fibonacci | 7.047 | 7.146 | 7.207 | 7.307 | 7.406 | 7.467 | 7.567 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.170 | 6.610 | 7.000 | 7.440 | 7.830 | 8.270 | 8.660 |
| Camarilla | 7.162 | 7.238 | 7.314 | 7.390 | 7.466 | 7.542 | 7.618 |
| Woodie | 6.145 | 6.598 | 6.975 | 7.428 | 7.805 | 8.258 | 8.635 |
| Fibonacci | 6.610 | 6.927 | 7.123 | 7.440 | 7.757 | 7.953 | 8.270 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.598 | 5.162 | 6.203 | 6.767 | 7.808 | 8.372 | 9.413 |
| Camarilla | 6.804 | 6.951 | 7.098 | 7.245 | 7.392 | 7.539 | 7.686 |
| Woodie | 4.838 | 5.281 | 6.443 | 6.886 | 8.048 | 8.491 | 9.653 |
| Fibonacci | 5.162 | 5.775 | 6.154 | 6.767 | 7.380 | 7.759 | 8.372 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.63 | |
| MACD (12,26,9): | 0.1330 | |
| Directional Movement: | 7.235 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 7.429 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.050 | |
| Elder Ray (13): | 0.032 | |
| Super Trend (3,10): | 6.770 | |
| Zig ZAG (10): | 7.370 | |
| VORTEX (21): | 1.0470 | |
| Stochastique (14,3,5): | 52.07 | |
| TEMA (21): | 7.480 | |
| Williams %R (14): | -42.15 | |
| Chande Momentum Oscillator (20): | 0.450 | |
| Repulse (5,40,3): | 2.5300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3500 | |
| Courbe Coppock: | 6.42 |
| MA7: | 7.426 | |
| MA20: | 7.283 | |
| MA50: | 6.850 | |
| MA100: | 7.176 | |
| MAexp7: | 7.346 | |
| MAexp20: | 7.244 | |
| MAexp50: | 7.100 | |
| MAexp100: | 7.265 | |
| Price / MA7: | -0.75% | |
| Price / MA20: | +1.19% | |
| Price / MA50: | +7.59% | |
| Price / MA100: | +2.70% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +1.74% | |
| Price / MAexp50: | +3.80% | |
| Price / MAexp100: | +1.45% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The last news published on ELRINGKLINGER AG NA O.N. at the time of the generation of this analysis was as follows:
- EQS-News: ElringKlinger sees revenue surge to record level in third quarter of 2022
- EQS-News: EKPO has received an order from a major European OEM to develop and supply bipolar plates
- DGAP-News: EKPO and Suzhou SND Government sign a joint investment and funding agreement to deliver on EKPO’s “Go-to-market” strategy in China
- DGAP-News: ElringKlinger reports surge in revenue and record order backlog in second quarter of 2022
- DGAP-Adhoc: Q2 2022: Group earnings impacted by goodwill revaluation and high cost base
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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