LUFTHANSA AG VNA O.N. - Daily - Technical analysis published on 02/01/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 9.133 EUR
My targets
10.477 EUR (+7.93%)
11.243 EUR (+15.82%)
My analysis
The bullish trend is currently very strong on LUFTHANSA AG VNA O.N.. As long as the price remains above the support at 9.133 EUR, you could try to benefit from the boom. The first bullish objective is located at 10.477 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.243 EUR as an objective. Crossing it would then enable buyers to target 12.866 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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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Additional analysis
Quotes
The LUFTHANSA AG VNA O.N. rating is 9.707 EUR. On the day, this instrument lost -0.04% and was traded between 9.687 EUR and 9.748 EUR over the period. The price is currently at +0.21% from its lowest and -0.42% from its highest.9.687
9.748
9.707
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 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
Technical analysis of this Daily chart of LUFTHANSA AG VNA O.N. indicates that the overall trend is strongly bullish. 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.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.832 | 8.232 | 9.133 | 9.707 | 10.477 | 12.866 | 16.779 |
| Change (%) | -19.32% | -15.20% | -5.91% | - | +7.93% | +32.54% | +72.85% |
| Change | -1.875 | -1.475 | -0.574 | - | +0.770 | +3.159 | +7.072 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | Intermediate |
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 | 9.479 | 9.526 | 9.618 | 9.665 | 9.757 | 9.804 | 9.896 |
| Camarilla | 9.673 | 9.686 | 9.698 | 9.711 | 9.724 | 9.737 | 9.749 |
| Woodie | 9.503 | 9.537 | 9.642 | 9.676 | 9.781 | 9.815 | 9.920 |
| Fibonacci | 9.526 | 9.579 | 9.612 | 9.665 | 9.718 | 9.751 | 9.804 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.855 | 9.089 | 9.422 | 9.656 | 9.989 | 10.223 | 10.556 |
| Camarilla | 9.599 | 9.651 | 9.703 | 9.755 | 9.807 | 9.859 | 9.911 |
| Woodie | 8.905 | 9.114 | 9.472 | 9.681 | 10.039 | 10.248 | 10.606 |
| Fibonacci | 9.089 | 9.306 | 9.439 | 9.656 | 9.873 | 10.006 | 10.223 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.239 | 7.005 | 8.358 | 9.124 | 10.477 | 11.243 | 12.596 |
| Camarilla | 9.128 | 9.323 | 9.517 | 9.711 | 9.905 | 10.100 | 10.294 |
| Woodie | 6.533 | 7.152 | 8.652 | 9.271 | 10.771 | 11.390 | 12.890 |
| Fibonacci | 7.005 | 7.815 | 8.315 | 9.124 | 9.934 | 10.434 | 11.243 |
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): | 80.95 | |
| MACD (12,26,9): | 0.4470 | |
| Directional Movement: | 21.624 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 9.777 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.527 | |
| Elder Ray (13): | 0.285 | |
| Super Trend (3,10): | 9.135 | |
| Zig ZAG (10): | 9.722 | |
| VORTEX (21): | 1.3770 | |
| Stochastique (14,3,5): | 86.70 | |
| TEMA (21): | 9.916 | |
| Williams %R (14): | -12.66 | |
| Chande Momentum Oscillator (20): | 0.916 | |
| Repulse (5,40,3): | 1.6010 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7290 | |
| Courbe Coppock: | 28.76 |
| MA7: | 9.693 | |
| MA20: | 9.120 | |
| MA50: | 8.359 | |
| MA100: | 7.453 | |
| MAexp7: | 9.638 | |
| MAexp20: | 9.198 | |
| MAexp50: | 8.486 | |
| MAexp100: | 7.830 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +6.44% | |
| Price / MA50: | +16.13% | |
| Price / MA100: | +30.24% | |
| Price / MAexp7: | +0.72% | |
| Price / MAexp20: | +5.53% | |
| Price / MAexp50: | +14.39% | |
| Price / MAexp100: | +23.97% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on LUFTHANSA AG VNA O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-Adhoc: Deutsche Lufthansa AG: Lufthansa Group raises earnings forecast for 2022
- EQS-Adhoc: Deutsche Lufthansa AG: Lufthansa Group raises its forecast for earnings and cash flow in 2022 based on preliminary results for the third quarter
- DGAP-Adhoc: Deutsche Lufthansa AG: Lufthansa Group announces payment of deferred coupon of the hybrid bond 2015
-
German pilot unions grounding Lufthansa flights
- Lufthansa Group Receives First 787 Dreamliner
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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