LUFTHANSA AG VNA O.N. - 1H - Technical analysis published on 09/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 7.687 EUR
My targets
7.362 EUR (-2.21%)
7.358 EUR (-2.25%)
My analysis
The bearish trend is currently very strong for LUFTHANSA AG VNA O.N.. As long as the price remains below the resistance at 7.687 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 7.362 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.358 EUR as an objective. Crossing it would then enable sellers to target 6.748 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LUFTHANSA AG VNA O.N. rating 7.528 EUR. The price is lower by -0.01% since the last closing and was traded between 7.505 EUR and 7.585 EUR over the period. The price is currently at +0.31% from its lowest and -0.75% from its highest.7.505
7.585
7.528
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of LUFTHANSA AG VNA O.N. in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.645 | 6.748 | 7.362 | 7.528 | 7.687 | 7.863 | 7.947 |
| Change (%) | -25.01% | -10.36% | -2.21% | - | +2.11% | +4.45% | +5.57% |
| Change | -1.883 | -0.780 | -0.166 | - | +0.159 | +0.335 | +0.419 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.113 | 7.238 | 7.383 | 7.508 | 7.653 | 7.778 | 7.923 |
| Camarilla | 7.455 | 7.480 | 7.504 | 7.529 | 7.554 | 7.579 | 7.603 |
| Woodie | 7.124 | 7.243 | 7.394 | 7.513 | 7.664 | 7.783 | 7.934 |
| Fibonacci | 7.238 | 7.341 | 7.405 | 7.508 | 7.611 | 7.675 | 7.778 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.769 | 7.860 | 7.997 | 8.088 | 8.225 | 8.316 | 8.453 |
| Camarilla | 8.072 | 8.093 | 8.114 | 8.135 | 8.156 | 8.177 | 8.198 |
| Woodie | 7.793 | 7.872 | 8.021 | 8.100 | 8.249 | 8.328 | 8.477 |
| Fibonacci | 7.860 | 7.947 | 8.001 | 8.088 | 8.175 | 8.229 | 8.316 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.635 | 7.358 | 7.803 | 8.526 | 8.971 | 9.694 | 10.139 |
| Camarilla | 7.926 | 8.033 | 8.140 | 8.247 | 8.354 | 8.461 | 8.568 |
| Woodie | 6.495 | 7.289 | 7.663 | 8.457 | 8.831 | 9.625 | 9.999 |
| Fibonacci | 7.358 | 7.805 | 8.080 | 8.526 | 8.973 | 9.248 | 9.694 |
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): | 42.06 | |
| MACD (12,26,9): | -0.0620 | |
| Directional Movement: | -6.621 | |
| AROON (14): | -14.285 | |
| DEMA (21): | 7.445 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.585 | |
| Elder Ray (13): | 0.002 | |
| Super Trend (3,10): | 7.600 | |
| Zig ZAG (10): | 7.513 | |
| VORTEX (21): | 0.9350 | |
| Stochastique (14,3,5): | 48.31 | |
| TEMA (21): | 7.468 | |
| Williams %R (14): | -46.77 | |
| Chande Momentum Oscillator (20): | -0.136 | |
| Repulse (5,40,3): | -0.2210 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1560 | |
| Courbe Coppock: | 3.31 |
| MA7: | 7.739 | |
| MA20: | 7.986 | |
| MA50: | 8.344 | |
| MA100: | 8.791 | |
| MAexp7: | 7.504 | |
| MAexp20: | 7.540 | |
| MAexp50: | 7.683 | |
| MAexp100: | 7.830 | |
| Price / MA7: | -2.73% | |
| Price / MA20: | -5.74% | |
| Price / MA50: | -9.78% | |
| Price / MA100: | -14.37% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -2.02% | |
| Price / MAexp100: | -3.86% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The latest news and videos published on LUFTHANSA AG VNA O.N. at the time of the analysis were as follows:
- EQS-Adhoc: Deutsche Lufthansa AG: Lufthansa Group reaches agreement on the acquisition of a minority stake in ITA Airways
-
EU court annuls approval of Germany's COVID-19 state aid for Lufthansa
- Lufthansa Technical Training Joins edX Partner Network with Launch of Professional Certificate Program for Aviation Technicians
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Lufthansa: IT failure causes cancellations and delays for thousands of passengers
-
Lufthansa flights grounded worldwide after failure of IT system | DW News
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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