LANXESS AG - 1H - Technical analysis published on 11/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
94%
0%
6%
My opinion
Bullish above 23.40 EUR
My targets
24.95 EUR (+3.11%)
26.11 EUR (+7.89%)
My analysis
The current short-term bullish acceleration on LANXESS AG should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 23.40 EUR. Short-term buyers will use the resistance located at 24.95 EUR as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 26.11 EUR. Crossing this resistance would then open the door for buyers to target 26.85 EUR. Caution, if there is a return to under 23.40 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
4.5
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Additional analysis
Quotes
The LANXESS AG price is 24.20 EUR. On the day, this instrument gained +1.77% and was traded between 23.66 EUR and 24.32 EUR over the period. The price is currently at +2.28% from its lowest and -0.49% from its highest.23.66
24.32
24.20
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:
Technical
A technical analysis in 1H of this LANXESS AG chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.54 | 22.84 | 24.18 | 24.20 | 26.11 | 26.85 | 28.64 |
| Change (%) | -10.99% | -5.62% | -0.08% | - | +7.89% | +10.95% | +18.35% |
| Change | -2.66 | -1.36 | -0.02 | - | +1.91 | +2.65 | +4.44 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | 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 | 21.95 | 22.40 | 23.09 | 23.54 | 24.23 | 24.68 | 25.37 |
| Camarilla | 23.47 | 23.57 | 23.68 | 23.78 | 23.89 | 23.99 | 24.09 |
| Woodie | 22.07 | 22.46 | 23.21 | 23.60 | 24.35 | 24.74 | 25.49 |
| Fibonacci | 22.40 | 22.84 | 23.11 | 23.54 | 23.98 | 24.25 | 24.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.27 | 21.85 | 22.82 | 23.40 | 24.37 | 24.95 | 25.92 |
| Camarilla | 23.35 | 23.50 | 23.64 | 23.78 | 23.92 | 24.06 | 24.21 |
| Woodie | 21.46 | 21.95 | 23.01 | 23.50 | 24.56 | 25.05 | 26.11 |
| Fibonacci | 21.85 | 22.45 | 22.81 | 23.40 | 24.00 | 24.36 | 24.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.25 | 24.41 | 25.49 | 27.65 | 28.73 | 30.89 | 31.97 |
| Camarilla | 25.69 | 25.99 | 26.28 | 26.58 | 26.88 | 27.17 | 27.47 |
| Woodie | 21.72 | 24.14 | 24.96 | 27.38 | 28.20 | 30.62 | 31.44 |
| Fibonacci | 24.41 | 25.64 | 26.41 | 27.65 | 28.88 | 29.65 | 30.89 |
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): | 68.25 | |
| MACD (12,26,9): | 0.2300 | |
| Directional Movement: | 16.58 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 23.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.50 | |
| Elder Ray (13): | 0.31 | |
| Super Trend (3,10): | 23.18 | |
| Zig ZAG (10): | 24.18 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 94.52 | |
| TEMA (21): | 24.07 | |
| Williams %R (14): | -1.85 | |
| Chande Momentum Oscillator (20): | 1.48 | |
| Repulse (5,40,3): | 1.9300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 10.51 |
| MA7: | 23.31 | |
| MA20: | 25.76 | |
| MA50: | 26.88 | |
| MA100: | 25.45 | |
| MAexp7: | 23.86 | |
| MAexp20: | 23.49 | |
| MAexp50: | 23.59 | |
| MAexp100: | 24.41 | |
| Price / MA7: | +3.82% | |
| Price / MA20: | -6.06% | |
| Price / MA50: | -9.97% | |
| Price / MA100: | -4.91% | |
| Price / MAexp7: | +1.42% | |
| Price / MAexp20: | +3.02% | |
| Price / MAexp50: | +2.59% | |
| Price / MAexp100: | -0.86% |
Quotes :
-
15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on LANXESS AG. At the time of publication of this analysis, the latest news was as follows:
- EQS-Adhoc: LANXESS Aktiengesellschaft: LANXESS signs contract to sell Urethane Systems business to UBE Corporation
- EQS-Adhoc: LANXESS Aktiengesellschaft: EBITDA pre exceptionals for second quarter 2024 significantly above market expectations
- EQS-Adhoc: LANXESS Aktiengesellschaft: Impairment of goodwill and adjustment of at-equity book value of minority interest in Envalior
- 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
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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