SOFTWARE AGNA O.N. - 1H - Technical analysis published on 10/28/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
SOFTWARE AGNA O.N. Chart
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
44%
33%
22%
My opinion
Bullish above 21.09 EUR
My targets
22.94 EUR (+3.80%)
23.72 EUR (+7.33%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SOFTWARE AGNA O.N. as long as the price remains well above 21.09 EUR. The buyers' bullish objective is set at 22.94 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.72 EUR. If there is any crossing, the next objective would be the resistance located at 24.14 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.6
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This analysis was given by Londinia.
Additional analysis
Quotes
The SOFTWARE AGNA O.N. price is 22.10 EUR. The price registered an increase of +3.46% on the session with the lowest point at 21.04 EUR and the highest point at 22.12 EUR. The deviation from the price is +5.04% for the low point and -0.09% for the high point.21.04
22.12
22.10
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SOFTWARE AGNA O.N.:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
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 SOFTWARE AGNA O.N. in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
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
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 | 20.48 | 21.09 | 22.07 | 22.10 | 22.94 | 23.72 | 24.14 |
| Change (%) | -7.33% | -4.57% | -0.14% | - | +3.80% | +7.33% | +9.23% |
| Change | -1.62 | -1.01 | -0.03 | - | +0.84 | +1.62 | +2.04 |
| Level | Major | Major | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.61 | 20.47 | 20.91 | 21.77 | 22.21 | 23.07 | 23.51 |
| Camarilla | 21.00 | 21.12 | 21.24 | 21.36 | 21.48 | 21.60 | 21.72 |
| Woodie | 19.41 | 20.37 | 20.71 | 21.67 | 22.01 | 22.97 | 23.31 |
| Fibonacci | 20.47 | 20.96 | 21.27 | 21.77 | 22.26 | 22.57 | 23.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.33 | 19.99 | 20.71 | 21.37 | 22.09 | 22.75 | 23.47 |
| Camarilla | 21.06 | 21.19 | 21.31 | 21.44 | 21.57 | 21.69 | 21.82 |
| Woodie | 19.37 | 20.01 | 20.75 | 21.39 | 22.13 | 22.77 | 23.51 |
| Fibonacci | 19.99 | 20.51 | 20.84 | 21.37 | 21.89 | 22.22 | 22.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.17 | 19.79 | 21.65 | 24.27 | 26.13 | 28.75 | 30.61 |
| Camarilla | 22.29 | 22.70 | 23.11 | 23.52 | 23.93 | 24.34 | 24.75 |
| Woodie | 16.80 | 19.60 | 21.28 | 24.08 | 25.76 | 28.56 | 30.24 |
| Fibonacci | 19.79 | 21.50 | 22.56 | 24.27 | 25.98 | 27.04 | 28.75 |
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): | 51.88 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -13.61 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 21.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.51 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 22.39 | |
| Zig ZAG (10): | 22.04 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 52.28 | |
| TEMA (21): | 21.76 | |
| Williams %R (14): | -47.37 | |
| Chande Momentum Oscillator (20): | -0.52 | |
| Repulse (5,40,3): | 1.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 7.36 |
| MA7: | 21.93 | |
| MA20: | 21.87 | |
| MA50: | 23.98 | |
| MA100: | 26.33 | |
| MAexp7: | 21.88 | |
| MAexp20: | 21.96 | |
| MAexp50: | 21.90 | |
| MAexp100: | 21.85 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | +1.05% | |
| Price / MA50: | -7.84% | |
| Price / MA100: | -16.07% | |
| Price / MAexp7: | +1.01% | |
| Price / MAexp20: | +0.64% | |
| Price / MAexp50: | +0.91% | |
| Price / MAexp100: | +1.14% |
Quotes :
-
15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on SOFTWARE AGNA O.N.. At the time of publication of this analysis, the latest news was as follows:
- DGAP-News: Software AG announces virtual Annual General Meeting for June 26, 2020
- DGAP-News: Software AG announces Q1 2020 financial results, delivering a solid performance against a globally uncertain backdrop
- DGAP-News: Software AG intends increasing dividend and postpones its annual shareholders' meeting
- DGAP-News: Software AG announces FY 19 financial results: delivering solid performance in a year of significant transformation
- DGAP-Adhoc: Software AG to accelerate business transformation with increased strategic investments in FY 2020
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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