LANXESS AG - 1H - Technical analysis published on 01/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 26.34 EUR
My targets
25.65 EUR (-2.06%)
24.98 EUR (-4.62%)
My analysis
The bearish trend is currently very strong for LANXESS AG. As long as the price remains below the resistance at 26.34 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 25.65 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 24.98 EUR as an objective. Crossing it would then enable sellers to target 22.26 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, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.8
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Additional analysis
Quotes
The LANXESS AG rating is 26.19 EUR. The price registered an increase of +0.89% on the session and was traded between 25.95 EUR and 26.55 EUR over the period. The price is currently at +0.92% from its lowest and -1.36% from its highest.25.95
26.55
26.19
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LANXESS AG:
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 LANXESS AG indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.26 | 24.98 | 25.65 | 26.19 | 26.34 | 26.73 | 27.59 |
| Change (%) | -15.01% | -4.62% | -2.06% | - | +0.57% | +2.06% | +5.35% |
| Change | -3.93 | -1.21 | -0.54 | - | +0.15 | +0.54 | +1.40 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.84 | 25.25 | 25.60 | 26.01 | 26.36 | 26.77 | 27.12 |
| Camarilla | 25.75 | 25.82 | 25.89 | 25.96 | 26.03 | 26.10 | 26.17 |
| Woodie | 24.82 | 25.24 | 25.58 | 26.00 | 26.34 | 26.76 | 27.10 |
| Fibonacci | 25.25 | 25.54 | 25.72 | 26.01 | 26.30 | 26.48 | 26.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.60 | 24.63 | 25.29 | 26.32 | 26.98 | 28.01 | 28.67 |
| Camarilla | 25.50 | 25.65 | 25.81 | 25.96 | 26.12 | 26.27 | 26.43 |
| Woodie | 23.43 | 24.54 | 25.12 | 26.23 | 26.81 | 27.92 | 28.50 |
| Fibonacci | 24.63 | 25.27 | 25.67 | 26.32 | 26.96 | 27.36 | 28.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.93 | 19.58 | 23.97 | 26.62 | 31.01 | 33.66 | 38.05 |
| Camarilla | 26.43 | 27.08 | 27.73 | 28.37 | 29.02 | 29.66 | 30.31 |
| Woodie | 17.81 | 20.02 | 24.85 | 27.06 | 31.89 | 34.10 | 38.93 |
| Fibonacci | 19.58 | 22.27 | 23.93 | 26.62 | 29.31 | 30.97 | 33.66 |
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): | 49.13 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -1.30 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 26.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.70 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 26.55 | |
| Zig ZAG (10): | 26.21 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 74.81 | |
| TEMA (21): | 26.27 | |
| Williams %R (14): | -37.78 | |
| Chande Momentum Oscillator (20): | 0.27 | |
| Repulse (5,40,3): | -0.7600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.09 |
| MA7: | 26.40 | |
| MA20: | 27.59 | |
| MA50: | 25.31 | |
| MA100: | 24.83 | |
| MAexp7: | 26.26 | |
| MAexp20: | 26.24 | |
| MAexp50: | 26.43 | |
| MAexp100: | 26.75 | |
| Price / MA7: | -0.80% | |
| Price / MA20: | -5.07% | |
| Price / MA50: | +3.48% | |
| Price / MA100: | +5.48% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.91% | |
| Price / MAexp100: | -2.09% |
Quotes :
-
15 min delayed data
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Germany Stocks
News
The last news published on LANXESS AG at the time of the generation of this analysis was as follows:
- EQS-Adhoc: LANXESS Aktiengesellschaft: LANXESS adjusts expectations for FY 2023; Board of Management proposes dividend reduction
- EQS-Adhoc: LANXESS Aktiengesellschaft: Results for Q2 and FY 2023 estimated below market expectations
- LANXESS Selects Emerson for Advanced Automation Technology
- DGAP-Adhoc: LANXESS Aktiengesellschaft: LANXESS and Advent establish a leading global joint venture for high-performance plastics
- DGAP-Adhoc: LANXESS Aktiengesellschaft: Strong start into the year - first quarter 2022 expected to exceed market expectations
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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