THYSSENKRUPP AG O.N.

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	TKA
ISIN:	DE0007500001

THYSSENKRUPP AG O.N. - Daily - Technical analysis published on 04/11/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

72%

28%

My opinion

Bullish above 6.603 EUR

My targets

7.111 EUR (+5.13%)

7.541 EUR (+11.49%)

My analysis

A bullish trend on THYSSENKRUPP AG O.N. both in substance and in the short term. A purchase could be considered as long as the price remains above 6.603 EUR. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 7.111 EUR. Then the price could move towards 7.541 EUR. Then 9.230 EUR by extension. Be careful, a return below 6.603 EUR would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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

5.2

Comment on the analysis

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.

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Additional analysis

Quotes

The THYSSENKRUPP AG O.N. price is 6.764 EUR. The price registered an increase of +5.29% on the session with the lowest point at 6.552 EUR and the highest point at 6.838 EUR. The deviation from the price is +3.24% for the low point and -1.08% for the high point.

6.552

6.838

6.764

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this THYSSENKRUPP AG O.N. chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	5.443	6.228	6.603	6.764	7.111	7.541	9.230
Change (%)	-19.53%	-7.92%	-2.38%	-	+5.13%	+11.49%	+36.46%
Change	-1.321	-0.536	-0.161	-	+0.347	+0.777	+2.466
Level	Minor	Major	Minor	-	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
Standard	6.181	6.229	6.327	6.375	6.473	6.521	6.619
Camarilla	6.384	6.397	6.411	6.424	6.437	6.451	6.464
Woodie	6.205	6.242	6.351	6.388	6.497	6.534	6.643
Fibonacci	6.229	6.285	6.320	6.375	6.431	6.466	6.521

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.763	6.011	6.217	6.465	6.671	6.919	7.125
Camarilla	6.299	6.341	6.382	6.424	6.466	6.507	6.549
Woodie	5.743	6.001	6.197	6.455	6.651	6.909	7.105
Fibonacci	6.011	6.184	6.291	6.465	6.638	6.745	6.919

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.461	5.205	5.911	6.655	7.361	8.105	8.811
Camarilla	6.217	6.350	6.483	6.616	6.749	6.882	7.015
Woodie	4.441	5.196	5.891	6.646	7.341	8.096	8.791
Fibonacci	5.205	5.759	6.101	6.655	7.209	7.551	8.105

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):	54.55
MACD (12,26,9):	-0.0820
Directional Movement:	3.192
AROON (14):	100.000
DEMA (21):	6.435
Parabolic SAR (0,02-0,02-0,2):	6.181
Elder Ray (13):	0.177
Super Trend (3,10):	7.057
Zig ZAG (10):	6.768
VORTEX (21):	0.8530
Stochastique (14,3,5):	65.75
TEMA (21):	6.406
Williams %R (14):	-10.89
Chande Momentum Oscillator (20):	0.228
Repulse (5,40,3):	2.3830
ROCnROLL:	1
TRIX (15,9):	-0.2870
Courbe Coppock:	0.62

MA7:	6.533
MA20:	6.461
MA50:	6.831
MA100:	6.404
MAexp7:	6.522
MAexp20:	6.560
MAexp50:	6.625
MAexp100:	6.468
Price / MA7:	+3.54%
Price / MA20:	+4.69%
Price / MA50:	-0.98%
Price / MA100:	+5.62%
Price / MAexp7:	+3.71%
Price / MAexp20:	+3.11%
Price / MAexp50:	+2.10%
Price / MAexp100:	+4.58%

Quotes : - 15 min delayed data - Germany Stocks

News

The latest news and videos published on THYSSENKRUPP AG 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.

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