VARTA AG O.N. - 1H - Technical analysis published on 09/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 20.696 EUR
My targets
19.927 EUR (-1.89%)
19.570 EUR (-3.64%)
My analysis
The basic trend is currently slightly bearish on VARTA AG O.N. and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 20.696 EUR, sales could be favoured. The first bearish objective would be located at 19.927 EUR. Sellers would then use the next support located at 19.570 EUR as an objective. Crossing it would then enable sellers to target 18.385 EUR. A return to above the resistance at 20.696 EUR could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.8
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Additional analysis
Quotes
The VARTA AG O.N. price is 20.310 EUR. On the day, this instrument lost -0.05% and was traded between 20.060 EUR and 20.390 EUR over the period. The price is currently at +1.25% from its lowest and -0.39% from its highest.20.060
20.390
20.310
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 VARTA AG O.N.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of VARTA AG O.N. in 1H shows an overall slightly bearish trend. 50.00% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.570 | 19.927 | 20.237 | 20.310 | 20.696 | 21.050 | 21.360 |
| Change (%) | -3.64% | -1.89% | -0.36% | - | +1.90% | +3.64% | +5.17% |
| Change | -0.740 | -0.383 | -0.073 | - | +0.386 | +0.740 | +1.050 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.567 | 19.333 | 19.827 | 20.593 | 21.087 | 21.853 | 22.347 |
| Camarilla | 19.974 | 20.089 | 20.205 | 20.320 | 20.436 | 20.551 | 20.667 |
| Woodie | 18.430 | 19.265 | 19.690 | 20.525 | 20.950 | 21.785 | 22.210 |
| Fibonacci | 19.333 | 19.815 | 20.112 | 20.593 | 21.075 | 21.372 | 21.853 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.717 | 18.643 | 19.197 | 20.123 | 20.677 | 21.603 | 22.157 |
| Camarilla | 19.343 | 19.479 | 19.614 | 19.750 | 19.886 | 20.021 | 20.157 |
| Woodie | 17.530 | 18.550 | 19.010 | 20.030 | 20.490 | 21.510 | 21.970 |
| Fibonacci | 18.643 | 19.209 | 19.558 | 20.123 | 20.689 | 21.038 | 21.603 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.052 | 16.133 | 18.257 | 20.338 | 22.462 | 24.543 | 26.667 |
| Camarilla | 19.224 | 19.609 | 19.995 | 20.380 | 20.766 | 21.151 | 21.536 |
| Woodie | 14.073 | 16.144 | 18.278 | 20.349 | 22.483 | 24.554 | 26.688 |
| Fibonacci | 16.133 | 17.740 | 18.732 | 20.338 | 21.945 | 22.937 | 24.543 |
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): | 46.18 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 7.998 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 20.428 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.866 | |
| Elder Ray (13): | -0.184 | |
| Super Trend (3,10): | 19.934 | |
| Zig ZAG (10): | 20.230 | |
| VORTEX (21): | 0.9730 | |
| Stochastique (14,3,5): | 12.74 | |
| TEMA (21): | 20.370 | |
| Williams %R (14): | -86.92 | |
| Chande Momentum Oscillator (20): | -0.200 | |
| Repulse (5,40,3): | 0.3350 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0510 | |
| Courbe Coppock: | 1.49 |
| MA7: | 20.193 | |
| MA20: | 20.228 | |
| MA50: | 20.517 | |
| MA100: | 19.371 | |
| MAexp7: | 20.349 | |
| MAexp20: | 20.395 | |
| MAexp50: | 20.334 | |
| MAexp100: | 20.297 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +0.41% | |
| Price / MA50: | -1.01% | |
| Price / MA100: | +4.85% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.42% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | +0.06% |
Quotes :
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15 min delayed data
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Germany Stocks
News
The last news published on VARTA AG O.N. at the time of the generation of this analysis was as follows:
- EQS-News: VARTA AG: VARTA AG looks to the future with growing confidence
- EQS-News: VARTA AG expects significantly better second half of 2023
- EQS-Adhoc: VARTA AG adjusts annual forecast
- EQS-News: VARTA AG confident about the future
- EQS-News: VARTA AG: VARTA AG meets the challenges in a difficult market environment
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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