FREQUENTIS AG - Daily - Technical analysis published on 02/16/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 27.5 EUR
My targets
26.4 EUR (-1.86%)
25.9 EUR (-3.72%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FREQUENTIS AG as long as the price remains well below 27.5 EUR. The next bearish objective for sellers is set at 26.4 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 25.9 EUR. If there is any crossing, the next objective would be the support located at 23.5 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.2
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Additional analysis
Quotes
FREQUENTIS AG rating 26.9 EUR. On the day, this instrument lost -1.83% and was traded between 26.7 EUR and 27.1 EUR over the period. The price is currently at +0.75% from its lowest and -0.74% from its highest.26.7
27.1
26.9
Here is a more detailed summary of the historical variations registered by FREQUENTIS AG:
Technical
Technical analysis of this Daily chart of FREQUENTIS AG indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 23.5 | 25.9 | 26.4 | 26.9 | 27.0 | 27.5 | 29.0 |
| Change (%) | -12.64% | -3.72% | -1.86% | - | +0.37% | +2.23% | +7.81% |
| Change | -3.4 | -1.0 | -0.5 | - | +0.1 | +0.6 | +2.1 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | 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 | 26.4 | 26.7 | 27.0 | 27.3 | 27.6 | 27.9 | 28.2 |
| Camarilla | 27.2 | 27.3 | 27.4 | 27.4 | 27.5 | 27.5 | 27.6 |
| Woodie | 26.5 | 26.7 | 27.1 | 27.3 | 27.7 | 27.9 | 28.3 |
| Fibonacci | 26.7 | 26.9 | 27.0 | 27.3 | 27.5 | 27.6 | 27.9 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.3 | 25.8 | 26.7 | 27.2 | 28.1 | 28.6 | 29.5 |
| Camarilla | 27.1 | 27.2 | 27.4 | 27.5 | 27.6 | 27.8 | 27.9 |
| Woodie | 25.4 | 25.9 | 26.8 | 27.3 | 28.2 | 28.7 | 29.6 |
| Fibonacci | 25.8 | 26.4 | 26.7 | 27.2 | 27.8 | 28.1 | 28.6 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.3 | 24.6 | 25.5 | 26.8 | 27.7 | 29.0 | 29.9 |
| Camarilla | 25.8 | 26.0 | 26.2 | 26.4 | 26.6 | 26.8 | 27.0 |
| Woodie | 23.1 | 24.5 | 25.3 | 26.7 | 27.5 | 28.9 | 29.7 |
| Fibonacci | 24.6 | 25.4 | 26.0 | 26.8 | 27.6 | 28.2 | 29.0 |
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): | 47.80 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 2.7 | |
| AROON (14): | 28.6 | |
| DEMA (21): | 27.0 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.6 | |
| Elder Ray (13): | -0.2 | |
| Super Trend (3,10): | 25.8 | |
| Zig ZAG (10): | 26.9 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 56.30 | |
| TEMA (21): | 27.2 | |
| Williams %R (14): | -56.20 | |
| Chande Momentum Oscillator (20): | -0.5 | |
| Repulse (5,40,3): | 0.6000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.70 |
| MA7: | 27.2 | |
| MA20: | 27.0 | |
| MA50: | 27.3 | |
| MA100: | 27.8 | |
| MAexp7: | 27.1 | |
| MAexp20: | 27.1 | |
| MAexp50: | 27.3 | |
| MAexp100: | 27.8 | |
| Price / MA7: | -1.10% | |
| Price / MA20: | -0.37% | |
| Price / MA50: | -1.47% | |
| Price / MA100: | -3.24% | |
| Price / MAexp7: | -0.74% | |
| Price / MAexp20: | -0.74% | |
| Price / MAexp50: | -1.47% | |
| Price / MAexp100: | -3.24% |
Quotes :
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15 min delayed data
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Germany Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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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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