RHEINMETALL AG - 1H - Technical analysis published on 05/11/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 260.4 EUR
My targets
264.2 EUR (+0.53%)
266.0 EUR (+1.22%)
My analysis
RHEINMETALL AG is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 260.4 EUR. The next resistance located at 264.2 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 266.0 EUR. After this resistance, buyers could then target 268.4 EUR.
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
5.9
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Additional analysis
Quotes
RHEINMETALL AG rating 262.8 EUR. On the day, this instrument lost -0.23% with the lowest point at 262.1 EUR and the highest point at 264.9 EUR. The deviation from the price is +0.27% for the low point and -0.79% for the high point.262.1
264.9
262.8
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of RHEINMETALL AG indicates that the overall trend is bullish. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
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 | 253.7 | 256.8 | 260.4 | 262.8 | 264.2 | 266.0 | 268.4 |
| Change (%) | -3.46% | -2.28% | -0.91% | - | +0.53% | +1.22% | +2.13% |
| Change | -9.1 | -6.0 | -2.4 | - | +1.4 | +3.2 | +5.6 |
| Level | Major | Minor | Minor | - | Major | Minor | Minor |
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 | 255.4 | 257.7 | 260.6 | 262.9 | 265.8 | 268.1 | 271.0 |
| Camarilla | 262.0 | 262.5 | 262.9 | 263.4 | 263.9 | 264.4 | 264.8 |
| Woodie | 255.6 | 257.9 | 260.8 | 263.1 | 266.0 | 268.3 | 271.2 |
| Fibonacci | 257.7 | 259.7 | 261.0 | 262.9 | 264.9 | 266.2 | 268.1 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 243.0 | 248.5 | 255.3 | 260.8 | 267.6 | 273.1 | 279.9 |
| Camarilla | 258.7 | 259.9 | 261.0 | 262.1 | 263.2 | 264.4 | 265.5 |
| Woodie | 243.7 | 248.8 | 256.0 | 261.1 | 268.3 | 273.4 | 280.6 |
| Fibonacci | 248.5 | 253.2 | 256.1 | 260.8 | 265.5 | 268.4 | 273.1 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 225.9 | 239.1 | 250.2 | 263.4 | 274.5 | 287.7 | 298.8 |
| Camarilla | 254.5 | 256.8 | 259.0 | 261.2 | 263.4 | 265.7 | 267.9 |
| Woodie | 224.8 | 238.6 | 249.1 | 262.9 | 273.4 | 287.2 | 297.7 |
| Fibonacci | 239.1 | 248.4 | 254.2 | 263.4 | 272.7 | 278.5 | 287.7 |
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): | 59.60 | |
| MACD (12,26,9): | 1.0000 | |
| Directional Movement: | 19.5 | |
| AROON (14): | 71.4 | |
| DEMA (21): | 263.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 259.4 | |
| Elder Ray (13): | 1.8 | |
| Super Trend (3,10): | 259.2 | |
| Zig ZAG (10): | 263.9 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 82.60 | |
| TEMA (21): | 264.0 | |
| Williams %R (14): | -19.80 | |
| Chande Momentum Oscillator (20): | 4.3 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 3.60 |
| MA7: | 261.5 | |
| MA20: | 263.3 | |
| MA50: | 257.6 | |
| MA100: | 236.3 | |
| MAexp7: | 263.3 | |
| MAexp20: | 262.0 | |
| MAexp50: | 261.3 | |
| MAexp100: | 261.8 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | +2.02% | |
| Price / MA100: | +11.21% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | +0.38% |
Quotes :
-
15 min delayed data
-
Germany Stocks
News
The last news published on RHEINMETALL AG at the time of the generation of this analysis was as follows:
- EQS-Adhoc: Rheinmetall AG: Rheinmetall AG Successfully Places EUR 1 Billion Convertible Bonds
- EQS-Adhoc: Rheinmetall AG: Rheinmetall AG Launches an Offering of EUR 1 Billion Convertible Bonds
- American Rheinmetall Vehicles and GM Defense Win Contract for the First Phase of the U.S. Army's Common Tactical Truck Program
- EQS-Adhoc: Rheinmetall AG: A record year for Rheinmetall AG: based on preliminary figures, double-digit percentage sales growth with significant increase in operating margin
- Sector 5 Digital Supplied 3D Manned Fighting Vehicle Digital Models for American Rheinmetall Vehicles, A Defense, Security and Auto Technology Provider
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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