MERCEDES-BENZ GRP NA O.N.

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MBG
ISIN:	DE0007100000

MERCEDES-BENZ GRP NA O.N. - 1H - Technical analysis published on 05/15/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 68.72 EUR

My targets

69.79 EUR (+0.75%)

70.55 EUR (+1.85%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MERCEDES-BENZ GRP NA O.N. as long as the price remains well above 68.72 EUR. The buyers' bullish objective is set at 69.79 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 70.55 EUR. If there is any crossing, the next objective would be the resistance located at 71.50 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

Comment on the analysis

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.

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Additional analysis

Quotes

The MERCEDES-BENZ GRP NA O.N. price is 69.27 EUR. The price registered a decrease of -0.09% on the session and was traded between 69.07 EUR and 69.56 EUR over the period. The price is currently at +0.29% from its lowest and -0.42% from its highest.

69.07

69.56

69.27

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

A technical analysis in 1H of this MERCEDES-BENZ GRP NA O.N. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	65.05	66.72	68.72	69.27	69.79	70.55	71.50
Change (%)	-6.09%	-3.68%	-0.79%	-	+0.75%	+1.85%	+3.22%
Change	-4.22	-2.55	-0.55	-	+0.52	+1.28	+2.23
Level	Intermediate	Minor	Major	-	Major	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	67.52	67.95	68.64	69.07	69.76	70.19	70.88
Camarilla	69.02	69.13	69.23	69.33	69.43	69.54	69.64
Woodie	67.65	68.02	68.77	69.14	69.89	70.26	71.01
Fibonacci	67.95	68.38	68.64	69.07	69.50	69.76	70.19

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	64.65	65.61	66.90	67.86	69.15	70.11	71.40
Camarilla	67.57	67.78	67.98	68.19	68.40	68.60	68.81
Woodie	64.82	65.69	67.07	67.94	69.32	70.19	71.57
Fibonacci	65.61	66.47	67.00	67.86	68.72	69.25	70.11

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	56.91	61.10	63.43	67.62	69.95	74.14	76.47
Camarilla	63.98	64.58	65.17	65.77	66.37	66.97	67.56
Woodie	55.99	60.64	62.51	67.16	69.03	73.68	75.55
Fibonacci	61.10	63.59	65.13	67.62	70.11	71.65	74.14

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):	65.24
MACD (12,26,9):	0.3500
Directional Movement:	7.66
AROON (14):	85.71
DEMA (21):	69.23
Parabolic SAR (0,02-0,02-0,2):	68.66
Elder Ray (13):	0.34
Super Trend (3,10):	68.44
Zig ZAG (10):	69.17
VORTEX (21):	1.1600
Stochastique (14,3,5):	87.48
TEMA (21):	69.38
Williams %R (14):	-20.97
Chande Momentum Oscillator (20):	0.84
Repulse (5,40,3):	-0.4500
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	3.64

MA7:	68.37
MA20:	68.15
MA50:	68.42
MA100:	64.06
MAexp7:	69.16
MAexp20:	68.79
MAexp50:	68.31
MAexp100:	68.13
Price / MA7:	+1.32%
Price / MA20:	+1.64%
Price / MA50:	+1.24%
Price / MA100:	+8.13%
Price / MAexp7:	+0.16%
Price / MAexp20:	+0.70%
Price / MAexp50:	+1.41%
Price / MAexp100:	+1.67%

Quotes : - 15 min delayed data - Germany Stocks

News

Don't forget to follow the news on MERCEDES-BENZ GRP NA O.N.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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