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 06/06/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 70.55 EUR

My targets

63.24 EUR (-3.52%)

60.43 EUR (-7.81%)

My analysis

MERCEDES-BENZ GRP NA O.N. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 70.55 EUR. The next support located at 63.24 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 60.43 EUR. Below this support, sellers could then target 54.77 EUR.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

4.1

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

MERCEDES-BENZ GRP NA O.N. rating 65.55 EUR. The price is lower by -0.05% since the last closing with the lowest point at 65.29 EUR and the highest point at 65.70 EUR. The deviation from the price is +0.40% for the low point and -0.23% for the high point.

65.29

65.70

65.55

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MERCEDES-BENZ GRP NA O.N.:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

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 bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

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 : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	60.43	63.24	65.05	65.55	70.55
Change (%)	-7.81%	-3.52%	-0.76%	-	+7.63%
Change	-5.12	-2.31	-0.50	-	+5.00
Level	Major	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	64.52	64.95	65.26	65.69	66.00	66.43	66.74
Camarilla	65.38	65.44	65.51	65.58	65.65	65.72	65.78
Woodie	64.47	64.92	65.21	65.66	65.95	66.40	66.69
Fibonacci	64.95	65.23	65.40	65.69	65.97	66.14	66.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63.51	64.33	65.36	66.18	67.21	68.03	69.06
Camarilla	65.89	66.06	66.23	66.40	66.57	66.74	66.91
Woodie	63.63	64.38	65.48	66.23	67.33	68.08	69.18
Fibonacci	64.33	65.03	65.47	66.18	66.88	67.32	68.03

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58.59	61.65	64.02	67.08	69.45	72.51	74.88
Camarilla	64.91	65.41	65.90	66.40	66.90	67.40	67.89
Woodie	58.26	61.48	63.69	66.91	69.12	72.34	74.55
Fibonacci	61.65	63.72	65.00	67.08	69.15	70.43	72.51

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):	40.22
MACD (12,26,9):	-0.6100
Directional Movement:	-13.77
AROON (14):	-21.43
DEMA (21):	65.75
Parabolic SAR (0,02-0,02-0,2):	68.12
Elder Ray (13):	-0.52
Super Trend (3,10):	68.76
Zig ZAG (10):	65.58
VORTEX (21):	0.9000
Stochastique (14,3,5):	21.10
TEMA (21):	65.32
Williams %R (14):	-77.95
Chande Momentum Oscillator (20):	-1.25
Repulse (5,40,3):	-1.1500
ROCnROLL:	2
TRIX (15,9):	-0.1300
Courbe Coppock:	6.19

MA7:	65.83
MA20:	66.81
MA50:	67.93
MA100:	65.38
MAexp7:	65.85
MAexp20:	66.53
MAexp50:	66.84
MAexp100:	65.61
Price / MA7:	-0.43%
Price / MA20:	-1.89%
Price / MA50:	-3.50%
Price / MA100:	+0.26%
Price / MAexp7:	-0.46%
Price / MAexp20:	-1.47%
Price / MAexp50:	-1.93%
Price / MAexp100:	-0.09%

Quotes : - 15 min delayed data - Germany Stocks

News

The latest news and videos published on MERCEDES-BENZ GRP NA O.N. at the time of the analysis were as follows:

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

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