MANZ AG - Daily - Technical analysis published on 12/12/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
50%
17%
33%
My opinion
Bullish above 11.75 EUR
My targets
12.89 EUR (+5.33%)
14.65 EUR (+19.67%)
My analysis
The strong short-term increase in MANZ AG calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 11.75 EUR, you could consider taking advantage of the short-term movement. The first bullish objective is located at 12.89 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14.65 EUR as an objective. Crossing it would then enable buyers to target 16.59 EUR. Caution, a return under 11.75 EUR could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
1.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MANZ AG price is 12.24 EUR. On the day, this instrument gained +15.04% with the lowest point at 10.70 EUR and the highest point at 12.40 EUR. The deviation from the price is +14.39% for the low point and -1.29% for the high point.10.70
12.40
12.24
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of MANZ AG indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
White line without lower shadow
Type : Bullish
Timeframe : Daily
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.16 | 10.28 | 11.75 | 12.24 | 16.59 | 21.84 | 25.70 |
| Change (%) | -33.33% | -16.01% | -4.00% | - | +35.54% | +78.43% | +109.97% |
| Change | -4.08 | -1.96 | -0.49 | - | +4.35 | +9.60 | +13.46 |
| Level | Major | Minor | Minor | - | Minor | Major | Major |
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 | 9.09 | 9.43 | 10.03 | 10.37 | 10.97 | 11.31 | 11.91 |
| Camarilla | 10.38 | 10.47 | 10.55 | 10.64 | 10.73 | 10.81 | 10.90 |
| Woodie | 9.23 | 9.50 | 10.17 | 10.44 | 11.11 | 11.38 | 12.05 |
| Fibonacci | 9.43 | 9.79 | 10.01 | 10.37 | 10.73 | 10.95 | 11.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.97 | 8.78 | 9.23 | 10.04 | 10.49 | 11.30 | 11.75 |
| Camarilla | 9.34 | 9.46 | 9.58 | 9.69 | 9.81 | 9.92 | 10.04 |
| Woodie | 7.80 | 8.69 | 9.06 | 9.95 | 10.32 | 11.21 | 11.58 |
| Fibonacci | 8.78 | 9.26 | 9.56 | 10.04 | 10.52 | 10.82 | 11.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.61 | 6.37 | 8.75 | 10.51 | 12.89 | 14.65 | 17.03 |
| Camarilla | 10.00 | 10.38 | 10.76 | 11.14 | 11.52 | 11.90 | 12.28 |
| Woodie | 4.93 | 6.53 | 9.07 | 10.67 | 13.21 | 14.81 | 17.35 |
| Fibonacci | 6.37 | 7.95 | 8.93 | 10.51 | 12.09 | 13.07 | 14.65 |
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): | 61.25 | |
| MACD (12,26,9): | -0.1400 | |
| Directional Movement: | 16.85 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 10.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.58 | |
| Elder Ray (13): | 0.70 | |
| Super Trend (3,10): | 9.85 | |
| Zig ZAG (10): | 12.24 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 49.17 | |
| TEMA (21): | 10.86 | |
| Williams %R (14): | -5.67 | |
| Chande Momentum Oscillator (20): | 0.60 | |
| Repulse (5,40,3): | 20.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 15.73 |
| MA7: | 10.48 | |
| MA20: | 11.13 | |
| MA50: | 11.20 | |
| MA100: | 13.07 | |
| MAexp7: | 10.84 | |
| MAexp20: | 10.90 | |
| MAexp50: | 11.54 | |
| MAexp100: | 13.19 | |
| Price / MA7: | +16.79% | |
| Price / MA20: | +9.97% | |
| Price / MA50: | +9.29% | |
| Price / MA100: | -6.35% | |
| Price / MAexp7: | +12.92% | |
| Price / MAexp20: | +12.29% | |
| Price / MAexp50: | +6.07% | |
| Price / MAexp100: | -7.20% |
Quotes :
-
15 min delayed data
-
Germany Stocks
News
The latest news and videos published on MANZ AG at the time of the analysis were as follows:
- EQS-News: Manz AG with significant jump in earnings in the first nine months of 2023
- EQS-News: Manz AG: New orders underline growth opportunities in the e-mobility and electronics industries
- EQS-News: Manz AG with positive revenue and earnings development in the first half of 2023
- EQS-News: Manz AG reports to Annual General Meeting on fiscal year 2022 and provides outlook for 2023
- Manz AG wins renowned new customer from the automotive industry and receives order for high-volume assembly line for inverters
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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