AURUBIS AG - 1H - Technical analysis published on 04/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 85.87 EUR
My targets
83.49 EUR (-1.05%)
79.18 EUR (-6.16%)
My analysis
With a strongly bearish trend, the price of AURUBIS AG is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 85.87 EUR remains possible. It would be possible for traders to only trade short positions (for sale) on AURUBIS AG as long as the price remains well below 85.87 EUR. The next bearish objective for sellers is set at 83.49 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 79.18 EUR. In case of crossing, the next objective would be the support located at 69.01 EUR.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AURUBIS AG rating is 84.38 EUR. The price registered a decrease of -0.02% on the session and was between 83.60 EUR and 85.58 EUR. This implies that the price is at +0.93% from its lowest and at -1.40% from its highest.83.60
85.58
84.38
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AURUBIS AG chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 69.01 | 79.18 | 83.49 | 84.38 | 85.87 | 86.96 | 87.92 |
| Change (%) | -18.22% | -6.16% | -1.05% | - | +1.77% | +3.06% | +4.20% |
| Change | -15.37 | -5.20 | -0.89 | - | +1.49 | +2.58 | +3.54 |
| Level | Minor | Major | Major | - | Intermediate | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 80.99 | 81.87 | 83.13 | 84.01 | 85.27 | 86.15 | 87.41 |
| Camarilla | 83.81 | 84.01 | 84.20 | 84.40 | 84.60 | 84.79 | 84.99 |
| Woodie | 81.19 | 81.97 | 83.33 | 84.11 | 85.47 | 86.25 | 87.61 |
| Fibonacci | 81.87 | 82.68 | 83.19 | 84.01 | 84.82 | 85.33 | 86.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.03 | 80.99 | 83.31 | 86.27 | 88.59 | 91.55 | 93.87 |
| Camarilla | 84.17 | 84.65 | 85.14 | 85.62 | 86.10 | 86.59 | 87.07 |
| Woodie | 77.70 | 80.83 | 82.98 | 86.11 | 88.26 | 91.39 | 93.54 |
| Fibonacci | 80.99 | 83.01 | 84.26 | 86.27 | 88.29 | 89.54 | 91.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.03 | 68.77 | 76.91 | 86.65 | 94.79 | 104.53 | 112.67 |
| Camarilla | 80.14 | 81.78 | 83.42 | 85.06 | 86.70 | 88.34 | 89.98 |
| Woodie | 58.24 | 68.37 | 76.12 | 86.25 | 94.00 | 104.13 | 111.88 |
| Fibonacci | 68.77 | 75.60 | 79.82 | 86.65 | 93.48 | 97.70 | 104.53 |
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): | 47.67 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -15.20 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 84.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 83.06 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 85.86 | |
| Zig ZAG (10): | 84.36 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 76.44 | |
| TEMA (21): | 84.66 | |
| Williams %R (14): | -41.55 | |
| Chande Momentum Oscillator (20): | 1.10 | |
| Repulse (5,40,3): | -0.5100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.93 |
| MA7: | 85.06 | |
| MA20: | 84.64 | |
| MA50: | 87.23 | |
| MA100: | 86.71 | |
| MAexp7: | 84.68 | |
| MAexp20: | 84.49 | |
| MAexp50: | 84.87 | |
| MAexp100: | 85.00 | |
| Price / MA7: | -0.80% | |
| Price / MA20: | -0.31% | |
| Price / MA50: | -3.27% | |
| Price / MA100: | -2.69% | |
| Price / MAexp7: | -0.35% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.58% | |
| Price / MAexp100: | -0.73% |
Quotes :
-
15 min delayed data
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Germany Stocks
News
Don't forget to follow the news on AURUBIS AG. At the time of publication of this analysis, the latest news was as follows:
- EQS-Adhoc: Aurubis AG exceeds market expectations for the second quarter 2022/23 and increases full-year forecast
- EQS-News: Aurubis AG: Enabling tomorrow: Aurubis releases new Sustainability Report
- EQS-News: Aurubis AG: Aurubis links factoring to sustainability criteria
- EQS-News: Aurubis AG: Annual General Meeting approves record dividend; Growth course affirmed
- EQS-News: Aurubis AG: Expanding capacity: Aurubis invests € 120 million in expanding the tankhouse in Pirdop
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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