LANXESS AG - 1H - Technical analysis published on 11/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 23.04 EUR
My targets
23.68 EUR (+1.02%)
24.18 EUR (+3.16%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on LANXESS AG. This is a positive signal for buyers. As long as the price remains above 23.04 EUR, a purchase could be considered. The first bullish objective is located at 23.68 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 24.18 EUR as an objective. Crossing it would then enable buyers to target 26.00 EUR. In the event of a return below 23.04 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
5
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Additional analysis
Quotes
LANXESS AG rating 23.44 EUR. On the day, this instrument gained +1.17% and was traded between 23.20 EUR and 23.51 EUR over the period. The price is currently at +1.03% from its lowest and -0.30% from its highest.23.20
23.51
23.44
Here is a more detailed summary of the historical variations registered by LANXESS AG:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this LANXESS AG chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
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 | 21.54 | 22.58 | 23.04 | 23.44 | 23.68 | 24.18 | 26.00 |
| Change (%) | -8.11% | -3.67% | -1.71% | - | +1.02% | +3.16% | +10.92% |
| Change | -1.90 | -0.86 | -0.40 | - | +0.24 | +0.74 | +2.56 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.33 | 22.71 | 22.94 | 23.32 | 23.55 | 23.93 | 24.16 |
| Camarilla | 23.00 | 23.06 | 23.11 | 23.17 | 23.23 | 23.28 | 23.34 |
| Woodie | 22.26 | 22.67 | 22.87 | 23.28 | 23.48 | 23.89 | 24.09 |
| Fibonacci | 22.71 | 22.94 | 23.09 | 23.32 | 23.55 | 23.70 | 23.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.11 | 21.97 | 22.60 | 23.46 | 24.09 | 24.95 | 25.58 |
| Camarilla | 22.82 | 22.96 | 23.09 | 23.23 | 23.37 | 23.50 | 23.64 |
| Woodie | 21.00 | 21.91 | 22.49 | 23.40 | 23.98 | 24.89 | 25.47 |
| Fibonacci | 21.97 | 22.54 | 22.89 | 23.46 | 24.03 | 24.38 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.81 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 6.09 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 23.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.60 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 23.10 | |
| Zig ZAG (10): | 23.44 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 44.26 | |
| TEMA (21): | 23.39 | |
| Williams %R (14): | -42.62 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.01 |
| MA7: | 23.39 | |
| MA20: | 24.09 | |
| MA50: | 26.62 | |
| MA100: | 25.45 | |
| MAexp7: | 23.36 | |
| MAexp20: | 23.36 | |
| MAexp50: | 23.38 | |
| MAexp100: | 23.67 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | -2.70% | |
| Price / MA50: | -11.95% | |
| Price / MA100: | -7.90% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | -0.97% |
Quotes :
-
15 min delayed data
-
Germany Stocks
News
The latest news and videos published on LANXESS AG at the time of the analysis were 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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