VARTA AG O.N.
VARTA AG O.N.
- EUR (-)
- 15 min delayed data - Germany Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: VAR1
ISIN: DE000A0TGJ55

VARTA AG O.N. - Daily - Technical analysis published on 01/10/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Slightly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 100.0 EUR
My targets
93.0 EUR (-3.33%)
84.6 EUR (-12.06%)
My analysis
The strong short-term decline of VARTA AG O.N. reinforces the current slightly bearish trend. As long as the price remains below 100.0 EUR, you could take advantage of this bearish acceleration. The first bearish objective is located at 93.0 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 84.6 EUR as an objective. Crossing it would then enable sellers to target 51.2 EUR. A return to above 100.0 EUR would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
3.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

VARTA AG O.N. rating 96.2 EUR. The price has increased by +1.26% since the last closing and was traded between 95.8 EUR and 96.7 EUR over the period. The price is currently at +0.42% from its lowest and -0.52% from its highest.

95.8
96.7
96.2

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in Daily of this VARTA AG O.N. chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily


Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily



An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily


Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near support of triangle

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Downside gap

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 51.2 84.6 93.0 96.2 100.0 109.6 127.6
Change (%) -46.78% -12.06% -3.33% - +3.95% +13.93% +32.64%
Change -45.0 -11.6 -3.2 - +3.8 +13.4 +31.4
Level Intermediate Major Intermediate - Minor Major Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard74.081.686.894.499.6107.2112.4
Camarilla88.589.790.892.093.294.495.5
Woodie72.881.085.693.898.4106.6111.2
Fibonacci81.686.589.594.499.3102.3107.2


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard110.2113.8117.2120.8124.2127.8131.2
Camarilla118.7119.3120.0120.6121.2121.9122.5
Woodie110.1113.8117.1120.8124.1127.8131.1
Fibonacci113.8116.5118.1120.8123.5125.1127.8


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard91.6100.2110.8119.4130.0138.6149.2
Camarilla116.1117.9119.6121.4123.2124.9126.7
Woodie92.6100.7111.8119.9131.0139.1150.2
Fibonacci100.2107.5112.1119.4126.7131.3138.6

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): 33.00
MACD (12,26,9): -0.9000
Directional Movement: -25.7
AROON (14): -28.6
DEMA (21): 113.2
Parabolic SAR (0,02-0,02-0,2): 125.9
Elder Ray (13): -16.6
Super Trend (3,10): 117.8
Zig ZAG (10): 95.0
VORTEX (21): 0.9000
Stochastique (14,3,5): 26.60
TEMA (21): 108.8
Williams %R (14): -83.50
Chande Momentum Oscillator (20): -21.8
Repulse (5,40,3): -8.9000
ROCnROLL: 2
TRIX (15,9): 0.3000
Courbe Coppock: 7.10
MA7: 112.7
MA20: 115.0
MA50: 109.7
MA100: 96.6
MAexp7: 108.1
MAexp20: 112.8
MAexp50: 108.1
MAexp100: 97.0
Price / MA7: -14.64%
Price / MA20: -16.35%
Price / MA50: -12.31%
Price / MA100: -0.41%
Price / MAexp7: -11.01%
Price / MAexp20: -14.72%
Price / MAexp50: -11.01%
Price / MAexp100: -0.82%

This member declared not having a position on this financial instrument or a related financial instrument.

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