GEA GROUP AG - 1H - Technical analysis published on 11/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 34.34 EUR
My targets
34.74 EUR (+0.55%)
35.57 EUR (+2.95%)
My analysis
The basic bullish trend is very strong on GEA GROUP AG but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 34.34 EUR. Crossing the first resistance at 34.74 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 35.57 EUR as an objective. Crossing it would then enable buyers to target 36.89 EUR. Caution, a return to below 34.34 EUR would be a sign of a consolidation phase in the short-term basic trend. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.6
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Additional analysis
Quotes
GEA GROUP AG rating 34.55 EUR. On the day, this instrument lost -0.12% and was traded between 34.54 EUR and 34.88 EUR over the period. The price is currently at +0.03% from its lowest and -0.95% from its highest.34.54
34.88
34.55
Here is a more detailed summary of the historical variations registered by GEA GROUP AG:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GEA GROUP AG in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.17 | 33.50 | 34.34 | 34.55 | 34.74 | 35.57 | 36.89 |
| Change (%) | -3.99% | -3.04% | -0.61% | - | +0.55% | +2.95% | +6.77% |
| Change | -1.38 | -1.05 | -0.21 | - | +0.19 | +1.02 | +2.34 |
| Level | Minor | Minor | Intermediate | - | Minor | Major | Major |
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 | 33.85 | 34.02 | 34.30 | 34.47 | 34.75 | 34.92 | 35.20 |
| Camarilla | 34.47 | 34.51 | 34.55 | 34.59 | 34.63 | 34.67 | 34.71 |
| Woodie | 33.92 | 34.05 | 34.37 | 34.50 | 34.82 | 34.95 | 35.27 |
| Fibonacci | 34.02 | 34.19 | 34.30 | 34.47 | 34.64 | 34.75 | 34.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.23 | 31.56 | 32.92 | 34.25 | 35.61 | 36.94 | 38.30 |
| Camarilla | 33.55 | 33.80 | 34.04 | 34.29 | 34.54 | 34.78 | 35.03 |
| Woodie | 30.26 | 31.57 | 32.95 | 34.26 | 35.64 | 36.95 | 38.33 |
| Fibonacci | 31.56 | 32.58 | 33.22 | 34.25 | 35.27 | 35.91 | 36.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.28 | 29.48 | 30.86 | 33.06 | 34.44 | 36.64 | 38.02 |
| Camarilla | 31.25 | 31.57 | 31.90 | 32.23 | 32.56 | 32.89 | 33.22 |
| Woodie | 26.86 | 29.28 | 30.44 | 32.86 | 34.02 | 36.44 | 37.60 |
| Fibonacci | 29.48 | 30.85 | 31.70 | 33.06 | 34.43 | 35.28 | 36.64 |
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): | 52.83 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 7.32 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 34.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.27 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 34.92 | |
| Zig ZAG (10): | 34.58 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 60.48 | |
| TEMA (21): | 34.52 | |
| Williams %R (14): | -42.86 | |
| Chande Momentum Oscillator (20): | 0.17 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.62 |
| MA7: | 34.17 | |
| MA20: | 33.10 | |
| MA50: | 34.22 | |
| MA100: | 35.63 | |
| MAexp7: | 34.58 | |
| MAexp20: | 34.54 | |
| MAexp50: | 34.24 | |
| MAexp100: | 33.79 | |
| Price / MA7: | +1.11% | |
| Price / MA20: | +4.38% | |
| Price / MA50: | +0.96% | |
| Price / MA100: | -3.03% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.91% | |
| Price / MAexp100: | +2.25% |
Quotes :
-
15 min delayed data
-
Germany Stocks
News
The last news published on GEA GROUP AG at the time of the generation of this analysis was as follows:
- EQS-News: GEA with improved EBITDA margin and strong free cash flow in third quarter; outlook for 2023 confirmed
- EQS-News: GEA resolves new EUR 400 million share buyback program and cancellation of shares amounting to EUR 700 million
- EQS-Adhoc: GEA Group Aktiengesellschaft resolves share buyback with cancellation of shares in a volume up to EUR 400 million and cancellation of held treasury shares in a buyback volume of around EUR 300 million
- EQS-News: GEA Supervisory Board appoints Bernd Brinker as interim CFO
- Carbon Capture: GEA solutions pave the way for decarbonizing the cement industry
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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