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RWE AG INH O.N.
RWE AG INH O.N.
- EUR (-)
- 15 min delayed data - Germany Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: RWE
ISIN: DE0007037129

RWE AG INH O.N. - 1H - Technical analysis published on 09/23/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 30.03 EUR
My targets
32.62 EUR (+4.45%)
33.67 EUR (+7.81%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for RWE AG INH O.N. as long as the price remains well above 30.03 EUR. The buyers” bullish objective is set at 32.62 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 33.67 EUR. If there is any crossing, the next objective would be the resistance located at 34.44 EUR. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 32.62 EUR. On this resistance, against the trend traders who would like to go short on RWE AG INH O.N. with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.2

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The RWE AG INH O.N. rating is 31.23 EUR. The price has increased by +3.07% since the last closing and was between 30.37 EUR and 31.51 EUR. This implies that the price is at +2.83% from its lowest and at -0.89% from its highest.

30.37
31.51
31.23

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this RWE AG INH O.N. chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 27.35 28.69 30.03 31.23 31.28 32.62 33.67
Change (%) -12.42% -8.13% -3.84% - +0.16% +4.45% +7.81%
Change -3.88 -2.54 -1.20 - +0.05 +1.39 +2.44
Level Minor Intermediate Intermediate - 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
Standard29.6729.9130.1130.3530.5530.7930.99
Camarilla30.1830.2230.2630.3030.3430.3830.42
Woodie29.6429.9030.0830.3430.5230.7830.96
Fibonacci29.9130.0830.1930.3530.5230.6330.79


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard28.4829.6030.1731.2931.8632.9833.55
Camarilla30.2930.4430.6030.7530.9131.0631.22
Woodie28.2229.4629.9131.1531.6032.8433.29
Fibonacci29.6030.2430.6431.2931.9332.3332.98


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard28.8130.3931.8433.4234.8736.4537.90
Camarilla32.4732.7533.0233.3033.5833.8634.13
Woodie28.7630.3631.7933.3934.8236.4237.85
Fibonacci30.3931.5432.2633.4234.5735.2936.45

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): 64.91
MACD (12,26,9): 0.1300
Directional Movement: 25.86
AROON (14): 92.86
DEMA (21): 30.90
Parabolic SAR (0,02-0,02-0,2): 30.78
Elder Ray (13): 0.43
Super Trend (3,10): 30.63
Zig ZAG (10): 31.23
VORTEX (21): 1.2100
Stochastique (14,3,5): 83.93
TEMA (21): 31.16
Williams %R (14): -23.14
Chande Momentum Oscillator (20): 0.86
Repulse (5,40,3): 0.2900
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 4.96
MA7: 30.92
MA20: 31.89
MA50: 32.67
MA100: 31.40
MAexp7: 31.06
MAexp20: 30.80
MAexp50: 30.90
MAexp100: 31.31
Price / MA7: +1.00%
Price / MA20: -2.07%
Price / MA50: -4.41%
Price / MA100: -0.54%
Price / MAexp7: +0.55%
Price / MAexp20: +1.40%
Price / MAexp50: +1.07%
Price / MAexp100: -0.26%

Quotes : 2020-09-23 15:34:59 - 15 min delayed data - Germany Stocks

News


Don"t forget to follow the news on RWE AG INH O.N.. At the time of publication of this analysis, the latest news was as follows:

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

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