COMPUGROUP MED. NA O.N. - 1H - Technical analysis published on 10/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 36.51 EUR
My targets
37.28 EUR (+1.53%)
38.89 EUR (+5.91%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade COMPUGROUP MED. NA O.N. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 36.51 EUR. The buyers' bullish objective is set at 37.28 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 38.89 EUR. If there is any crossing, the next objective would be the resistance located at 40.00 EUR. If there is a bearish break in the support located at 36.51 EUR some indecision would arise.
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
4.1
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Additional analysis
Quotes
The COMPUGROUP MED. NA O.N. rating is 36.72 EUR. The price has increased by +0.60% since the last closing with the lowest point at 36.40 EUR and the highest point at 36.72 EUR. The deviation from the price is +0.88% for the low point and 0% for the high point.36.40
36.72
36.72
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 1H chart of COMPUGROUP MED. NA O.N. indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 35.48 | 36.16 | 36.51 | 36.72 | 37.28 | 38.89 | 40.00 |
Change (%) | -3.38% | -1.53% | -0.57% | - | +1.53% | +5.91% | +8.93% |
Change | -1.24 | -0.56 | -0.21 | - | +0.56 | +2.17 | +3.28 |
Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 35.53 | 35.93 | 36.21 | 36.61 | 36.89 | 37.29 | 37.57 |
Camarilla | 36.31 | 36.38 | 36.44 | 36.50 | 36.56 | 36.63 | 36.69 |
Woodie | 35.48 | 35.90 | 36.16 | 36.58 | 36.84 | 37.26 | 37.52 |
Fibonacci | 35.93 | 36.19 | 36.35 | 36.61 | 36.87 | 37.03 | 37.29 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 33.76 | 34.62 | 35.56 | 36.42 | 37.36 | 38.22 | 39.16 |
Camarilla | 36.01 | 36.17 | 36.34 | 36.50 | 36.67 | 36.83 | 37.00 |
Woodie | 33.80 | 34.64 | 35.60 | 36.44 | 37.40 | 38.24 | 39.20 |
Fibonacci | 34.62 | 35.31 | 35.73 | 36.42 | 37.11 | 37.53 | 38.22 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 26.82 | 31.48 | 34.28 | 38.94 | 41.74 | 46.40 | 49.20 |
Camarilla | 35.03 | 35.71 | 36.40 | 37.08 | 37.76 | 38.45 | 39.13 |
Woodie | 25.89 | 31.02 | 33.35 | 38.48 | 40.81 | 45.94 | 48.27 |
Fibonacci | 31.48 | 34.33 | 36.09 | 38.94 | 41.79 | 43.55 | 46.40 |
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): | 53.07 | |
MACD (12,26,9): | -0.0100 | |
Directional Movement: | -1.72 | |
AROON (14): | -42.86 | |
DEMA (21): | 36.65 | |
Parabolic SAR (0,02-0,02-0,2): | 36.33 | |
Elder Ray (13): | 0.08 | |
Super Trend (3,10): | 37.12 | |
Zig ZAG (10): | 36.72 | |
VORTEX (21): | 0.8700 | |
Stochastique (14,3,5): | 68.81 | |
TEMA (21): | 36.58 | |
Williams %R (14): | -9.09 | |
Chande Momentum Oscillator (20): | 0.06 | |
Repulse (5,40,3): | 0.4900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 1.32 |
MA7: | 36.52 | |
MA20: | 36.92 | |
MA50: | 39.69 | |
MA100: | 43.21 | |
MAexp7: | 36.64 | |
MAexp20: | 36.64 | |
MAexp50: | 36.60 | |
MAexp100: | 36.72 | |
Price / MA7: | +0.55% | |
Price / MA20: | -0.54% | |
Price / MA50: | -7.48% | |
Price / MA100: | -15.02% | |
Price / MAexp7: | +0.22% | |
Price / MAexp20: | +0.22% | |
Price / MAexp50: | +0.33% | |
Price / MAexp100: | -0% |
Quotes :
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15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on COMPUGROUP MED. NA O.N.. At the time of publication of this analysis, the latest news was as follows:
- EQS-News: CompuGroup Medical successfully places Schuldschein of EUR 300 million
- EQS-News: CompuGroup Medical bundles data-based solutions with ambulatory information systems and appoints Daniela Hommel as CFO
- EQS-News: CGM reports on growth initiatives and proprietary AI tool at Capital Markets Day
- EQS-News: CompuGroup Medical launches AI initiative improving healthcare IT products and solutions
- EQS-News: CompuGroup Medical delivers excellent profitable growth in second quarter
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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