BAY.MOTOREN WERKEVZO - Daily - Technical analysis published on 10/22/2019 (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
89%
0%
11%
My opinion
Bullish above 52.90 EUR
My targets
56.53 EUR (+4.49%)
60.75 EUR (+12.29%)
My analysis
BAY.MOTOREN WERKEVZO is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 52.90 EUR. The next resistance located at 56.53 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 60.75 EUR. After this resistance, buyers could then target 65.33 EUR.
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
0
10
7.5
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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 BAY.MOTOREN WERKEVZO rating is 54.10 EUR. The price registered an increase of +0.19% on the session with the lowest point at 53.80 EUR and the highest point at 54.40 EUR. The deviation from the price is +0.56% for the low point and -0.55% for the high point.53.80
54.40
54.10
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BAY.MOTOREN WERKEVZO chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
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 | 47.54 | 50.15 | 52.90 | 54.10 | 56.53 | 60.75 | 65.33 |
| Change (%) | -12.13% | -7.30% | -2.22% | - | +4.49% | +12.29% | +20.76% |
| Change | -6.56 | -3.95 | -1.20 | - | +2.43 | +6.65 | +11.23 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.92 | 53.33 | 53.67 | 54.08 | 54.42 | 54.83 | 55.17 |
| Camarilla | 53.79 | 53.86 | 53.93 | 54.00 | 54.07 | 54.14 | 54.21 |
| Woodie | 52.88 | 53.31 | 53.63 | 54.06 | 54.38 | 54.81 | 55.13 |
| Fibonacci | 53.33 | 53.62 | 53.80 | 54.08 | 54.37 | 54.55 | 54.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.53 | 48.15 | 50.92 | 52.54 | 55.31 | 56.93 | 59.70 |
| Camarilla | 52.49 | 52.90 | 53.30 | 53.70 | 54.10 | 54.51 | 54.91 |
| Woodie | 47.12 | 48.44 | 51.51 | 52.83 | 55.90 | 57.22 | 60.29 |
| Fibonacci | 48.15 | 49.82 | 50.86 | 52.54 | 54.21 | 55.25 | 56.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.37 | 46.44 | 48.70 | 50.77 | 53.03 | 55.10 | 57.36 |
| Camarilla | 49.76 | 50.16 | 50.55 | 50.95 | 51.35 | 51.74 | 52.14 |
| Woodie | 44.46 | 46.49 | 48.79 | 50.82 | 53.12 | 55.15 | 57.45 |
| Fibonacci | 46.44 | 48.10 | 49.12 | 50.77 | 52.43 | 53.45 | 55.10 |
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): | 68.27 | |
| MACD (12,26,9): | 0.8200 | |
| Directional Movement: | 21.40 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 52.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 50.36 | |
| Elder Ray (13): | 1.87 | |
| Super Trend (3,10): | 51.01 | |
| Zig ZAG (10): | 54.10 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 93.03 | |
| TEMA (21): | 53.46 | |
| Williams %R (14): | -6.08 | |
| Chande Momentum Oscillator (20): | 5.60 | |
| Repulse (5,40,3): | 2.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 10.84 |
| MA7: | 53.23 | |
| MA20: | 51.04 | |
| MA50: | 50.37 | |
| MA100: | 52.41 | |
| MAexp7: | 53.11 | |
| MAexp20: | 51.73 | |
| MAexp50: | 51.53 | |
| MAexp100: | 53.04 | |
| Price / MA7: | +1.63% | |
| Price / MA20: | +6.00% | |
| Price / MA50: | +7.41% | |
| Price / MA100: | +3.22% | |
| Price / MAexp7: | +1.86% | |
| Price / MAexp20: | +4.58% | |
| Price / MAexp50: | +4.99% | |
| Price / MAexp100: | +2.00% |
This member declared not having a position on this financial instrument or a related financial instrument.
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