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. - Daily - Technical analysis published on 05/24/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

17%

61%

22%

My opinion

Bearish under 68.72 EUR

My targets

65.05 EUR (-1.60%)

63.24 EUR (-4.34%)

My analysis

The strong short-term decrease of MERCEDES-BENZ GRP NA O.N. should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 68.72 EUR, a sale could be considered. The first bearish objective is located at 65.05 EUR. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 63.24 EUR. If there is any crossing, the next objective would be support 60.43 EUR. Caution, if there is a return to above 68.72 EUR, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

2.9

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. rating is 66.11 EUR. On the day, this instrument gained +0.61% with the lowest point at 65.04 EUR and the highest point at 66.32 EUR. The deviation from the price is +1.65% for the low point and -0.32% for the high point.

65.04

66.32

66.11

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this MERCEDES-BENZ GRP NA O.N. chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	60.43	63.24	65.05	66.11	68.72	70.55
Change (%)	-8.59%	-4.34%	-1.60%	-	+3.95%	+6.72%
Change	-5.68	-2.87	-1.06	-	+2.61	+4.44
Level	Major	Intermediate	Major	-	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	64.51	64.91	65.31	65.71	66.11	66.51	66.91
Camarilla	65.49	65.56	65.64	65.71	65.78	65.86	65.93
Woodie	64.51	64.91	65.31	65.71	66.11	66.51	66.91
Fibonacci	64.91	65.22	65.40	65.71	66.02	66.20	66.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	64.42	65.97	67.02	68.57	69.62	71.17	72.22
Camarilla	67.35	67.58	67.82	68.06	68.30	68.54	68.78
Woodie	64.16	65.85	66.76	68.45	69.36	71.05	71.96
Fibonacci	65.97	66.97	67.58	68.57	69.57	70.18	71.17

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	40.29
MACD (12,26,9):	-0.5000
Directional Movement:	-16.49
AROON (14):	-35.71
DEMA (21):	66.93
Parabolic SAR (0,02-0,02-0,2):	69.64
Elder Ray (13):	-1.47
Super Trend (3,10):	69.44
Zig ZAG (10):	66.11
VORTEX (21):	0.8600
Stochastique (14,3,5):	21.49
TEMA (21):	66.28
Williams %R (14):	-73.66
Chande Momentum Oscillator (20):	-1.15
Repulse (5,40,3):	1.4300
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	1.42

MA7:	66.85
MA20:	67.49
MA50:	68.30
MA100:	64.66
MAexp7:	66.68
MAexp20:	67.46
MAexp50:	67.24
MAexp100:	65.53
Price / MA7:	-1.11%
Price / MA20:	-2.04%
Price / MA50:	-3.21%
Price / MA100:	+2.24%
Price / MAexp7:	-0.85%
Price / MAexp20:	-2.00%
Price / MAexp50:	-1.68%
Price / MAexp100:	+0.89%

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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