BASF SE NA O.N. - Daily - Technical analysis published on 09/23/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 58.40 EUR
My targets
63.90 EUR (+1.72%)
65.37 EUR (+4.06%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on BASF SE NA O.N.. This is a positive signal for buyers. As long as the price remains above 58.40 EUR, a purchase could be considered. The first bullish objective is located at 63.90 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 65.37 EUR as an objective. Crossing it would then enable buyers to target 68.31 EUR. In the event of a return below 58.40 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BASF SE NA O.N. price is 62.82 EUR. The price registered a decrease of -1.68% on the session and was traded between 62.26 EUR and 63.88 EUR over the period. The price is currently at +0.90% from its lowest and -1.66% from its highest.62.26
63.88
62.82
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BASF SE NA O.N.:
Technical
A technical analysis in Daily of this BASF SE NA O.N. chart shows a bullish trend. 75% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
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
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 | 52.35 | 56.20 | 58.40 | 62.82 | 63.90 | 65.37 | 68.31 |
| Change (%) | -16.67% | -10.54% | -7.04% | - | +1.72% | +4.06% | +8.74% |
| Change | -10.47 | -6.62 | -4.42 | - | +1.08 | +2.55 | +5.49 |
| Level | Major | 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 | 62.56 | 62.87 | 63.38 | 63.69 | 64.20 | 64.51 | 65.02 |
| Camarilla | 63.67 | 63.74 | 63.82 | 63.89 | 63.97 | 64.04 | 64.12 |
| Woodie | 62.66 | 62.92 | 63.48 | 63.74 | 64.30 | 64.56 | 65.12 |
| Fibonacci | 62.87 | 63.18 | 63.38 | 63.69 | 64.00 | 64.20 | 64.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.24 | 60.71 | 62.30 | 64.77 | 66.36 | 68.83 | 70.42 |
| Camarilla | 62.77 | 63.15 | 63.52 | 63.89 | 64.26 | 64.63 | 65.01 |
| Woodie | 57.80 | 60.49 | 61.86 | 64.55 | 65.92 | 68.61 | 69.98 |
| Fibonacci | 60.71 | 62.26 | 63.22 | 64.77 | 66.32 | 67.28 | 68.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.64 | 53.64 | 56.91 | 58.91 | 62.18 | 64.18 | 67.45 |
| Camarilla | 58.73 | 59.21 | 59.70 | 60.18 | 60.66 | 61.15 | 61.63 |
| Woodie | 52.28 | 53.96 | 57.55 | 59.23 | 62.82 | 64.50 | 68.09 |
| Fibonacci | 53.64 | 55.65 | 56.90 | 58.91 | 60.92 | 62.17 | 64.18 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.41 | |
| MACD (12,26,9): | 1.2300 | |
| Directional Movement: | 7.21 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 64.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 67.00 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 62.14 | |
| Zig ZAG (10): | 62.81 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 52.77 | |
| TEMA (21): | 65.00 | |
| Williams %R (14): | -60.52 | |
| Chande Momentum Oscillator (20): | 1.80 | |
| Repulse (5,40,3): | -1.3400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3000 | |
| Courbe Coppock: | 14.80 |
| MA7: | 64.34 | |
| MA20: | 62.21 | |
| MA50: | 60.54 | |
| MA100: | 61.36 | |
| MAexp7: | 63.72 | |
| MAexp20: | 62.55 | |
| MAexp50: | 61.50 | |
| MAexp100: | 62.13 | |
| Price / MA7: | -2.36% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +3.77% | |
| Price / MA100: | +2.38% | |
| Price / MAexp7: | -1.41% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +2.15% | |
| Price / MAexp100: | +1.11% |
News
Don"t forget to follow the news on BASF SE NA O.N.. At the time of publication of this analysis, the latest news was as follows:
- BASF enters engine coolant market in North America with premium Glysantin brand
- BASF hosts next generation of STEM leaders at Science Academy
- Univar Solutions Selected as National U.S. Distributor for BASF's Lupragen®
- Univar Solutions Selected as Midwest U.S. Distributor for BASF's Baxxodur®
- DGAP-Adhoc: BASF SE: BASF Group: EBIT before special items in Q2 2019 considerably below expectations; outlook for full year 2019 lowered
This member declared not having a position on this financial instrument or a related financial instrument.
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