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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. - Daily - Technical analysis published on 10/18/2019 (GMT)

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  • Timeframe : Daily
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  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 25.90 EUR
My targets
27.91 EUR (+2.38%)
28.67 EUR (+5.17%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 25.90 EUR remains possible. It is advisable to trade RWE AG ST O.N. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 25.90 EUR. The next bullish objective for buyers is set at 27.91 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 28.67 EUR. If there is any crossing, the next objective would be the resistance located at 32.83 EUR. PS: if there is a bearish break in the support located at 25.90 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
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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. 1H Weekly

Additional analysis

Quotes

RWE AG ST O.N. rating 27.26 EUR. On the day, this instrument lost -0.26% and was between 27.21 EUR and 27.80 EUR. This implies that the price is at +0.18% from its lowest and at -1.94% from its highest.

27.21
27.80
27.26

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by RWE AG ST O.N.:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 RWE AG ST O.N. in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily


Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 21.51 23.93 25.90 27.26 27.91 28.67 32.83
Change (%) -21.09% -12.22% -4.99% - +2.38% +5.17% +20.43%
Change -5.75 -3.33 -1.36 - +0.65 +1.41 +5.57
Level Major Major Intermediate - Intermediate Major Minor



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
Standard26.7026.9827.1527.4327.6027.8828.05
Camarilla27.2127.2527.2927.3327.3727.4127.45
Woodie26.6626.9527.1127.4027.5627.8528.01
Fibonacci26.9827.1527.2627.4327.6027.7127.88


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.0125.9426.4627.3927.9128.8429.36
Camarilla26.5926.7226.8626.9927.1227.2627.39
Woodie24.8225.8426.2727.2927.7228.7429.17
Fibonacci25.9426.4926.8327.3927.9428.2828.84


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.7524.7826.7427.7729.7330.7632.72
Camarilla27.8728.1428.4228.6928.9629.2429.51
Woodie24.2125.0127.2028.0030.1930.9933.18
Fibonacci24.7825.9326.6327.7728.9229.6230.76

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): 49.69
MACD (12,26,9): 0.1500
Directional Movement: 0.24
AROON (14): -57.15
DEMA (21): 27.75
Parabolic SAR (0,02-0,02-0,2): 28.15
Elder Ray (13): 0.02
Super Trend (3,10): 26.75
Zig ZAG (10): 27.29
VORTEX (21): 1.0500
Stochastique (14,3,5): 25.30
TEMA (21): 27.43
Williams %R (14): -77.95
Chande Momentum Oscillator (20): -0.95
Repulse (5,40,3): -2.2300
ROCnROLL: -1
TRIX (15,9): 0.1700
Courbe Coppock: 5.32
MA7: 27.29
MA20: 27.85
MA50: 26.75
MA100: 25.02
MAexp7: 27.41
MAexp20: 27.45
MAexp50: 26.70
MAexp100: 25.51
Price / MA7: -0.11%
Price / MA20: -2.12%
Price / MA50: +1.91%
Price / MA100: +8.95%
Price / MAexp7: -0.55%
Price / MAexp20: -0.69%
Price / MAexp50: +2.10%
Price / MAexp100: +6.86%

News


The latest news and videos published on RWE AG ST O.N. at the time of the analysis were as follows:

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

About author

Londinia
Londinia AI

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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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