SYMRISE AG INH. O.N. - Daily - Technical analysis published on 10/15/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 81.46 EUR
My targets
87.27 EUR (+0.24%)
89.84 EUR (+3.19%)
My analysis
The basic bullish trend is very strong on SYMRISE AG INH. O.N. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 81.46 EUR. Crossing the first resistance at 87.27 EUR would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 89.84 EUR as an objective. Caution, a return to below 81.46 EUR would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
4.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SYMRISE AG INH. O.N. rating 87.06 EUR. The price has increased by +1.59% since the last closing and was between 85.58 EUR and 87.08 EUR. This implies that the price is at +1.73% from its lowest and at -0.02% from its highest.85.58
87.08
87.06
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
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
Technical
Technical analysis of this Daily chart of SYMRISE AG INH. O.N. indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 76.91 | 79.14 | 81.46 | 87.06 | 87.27 | 89.84 |
| Change (%) | -11.66% | -9.10% | -6.43% | - | +0.24% | +3.19% |
| Change | -10.15 | -7.92 | -5.60 | - | +0.21 | +2.78 |
| Level | Minor | Intermediate | Major | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.71 | 84.27 | 84.99 | 85.55 | 86.27 | 86.83 | 87.55 |
| Camarilla | 85.35 | 85.47 | 85.58 | 85.70 | 85.82 | 85.94 | 86.05 |
| Woodie | 83.78 | 84.31 | 85.06 | 85.59 | 86.34 | 86.87 | 87.62 |
| Fibonacci | 84.27 | 84.76 | 85.06 | 85.55 | 86.04 | 86.34 | 86.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.84 | 82.04 | 83.68 | 85.88 | 87.52 | 89.72 | 91.36 |
| Camarilla | 84.26 | 84.62 | 84.97 | 85.32 | 85.67 | 86.02 | 86.38 |
| Woodie | 79.56 | 81.90 | 83.40 | 85.74 | 87.24 | 89.58 | 91.08 |
| Fibonacci | 82.04 | 83.51 | 84.41 | 85.88 | 87.35 | 88.25 | 89.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.52 | 82.52 | 85.84 | 87.84 | 91.16 | 93.16 | 96.48 |
| Camarilla | 87.70 | 88.19 | 88.67 | 89.16 | 89.65 | 90.14 | 90.62 |
| Woodie | 81.18 | 82.85 | 86.50 | 88.17 | 91.82 | 93.49 | 97.14 |
| Fibonacci | 82.52 | 84.55 | 85.81 | 87.84 | 89.87 | 91.13 | 93.16 |
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): | 52.55 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 1.37 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 86.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 88.39 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 90.38 | |
| Zig ZAG (10): | 86.84 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 28.56 | |
| TEMA (21): | 85.97 | |
| Williams %R (14): | -57.33 | |
| Chande Momentum Oscillator (20): | -2.18 | |
| Repulse (5,40,3): | 1.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 5.43 |
| MA7: | 85.86 | |
| MA20: | 87.10 | |
| MA50: | 85.00 | |
| MA100: | 84.96 | |
| MAexp7: | 86.06 | |
| MAexp20: | 86.40 | |
| MAexp50: | 85.70 | |
| MAexp100: | 84.55 | |
| Price / MA7: | +1.40% | |
| Price / MA20: | -0.05% | |
| Price / MA50: | +2.42% | |
| Price / MA100: | +2.47% | |
| Price / MAexp7: | +1.16% | |
| Price / MAexp20: | +0.76% | |
| Price / MAexp50: | +1.59% | |
| Price / MAexp100: | +2.97% |
News
Don"t forget to follow the news on SYMRISE AG INH. O.N.. At the time of publication of this analysis, the latest news was as follows:
- DGAP-News: Symrise achieves strong revenue growth of 7.4 % in the first half of the year
- DGAP-News: Dr. Winfried Steeger has been elected as new Chairman of the Symrise Supervisory Board
- DGAP-Adhoc: Symrise AG: Dr Winfried Steeger - new Chairman of the Supervisory Board
- DGAP-News: Symrise completes EUR 500 million bond placement
- DGAP-News: Symrise announces Califormulations, LLC: A unique platform to foster beverage innovation
This member declared not having a position on this financial instrument or a related financial instrument.
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