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 10/18/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 11.845 EUR

My targets

13.085 EUR (+0.15%)

14.400 EUR (+10.22%)

My analysis

THYSSENKRUPP AG O.N. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11.845 EUR. The next resistance located at 13.085 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 14.400 EUR. After this resistance, buyers could then target 15.260 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.2

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.

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

Additional analysis

Quotes

The THYSSENKRUPP AG O.N. rating is 13.065 EUR. The price has increased by +0.97% since the last closing with the lowest point at 12.670 EUR and the highest point at 13.115 EUR. The deviation from the price is +3.12% for the low point and -0.38% for the high point.

12.670

13.115

13.065

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by THYSSENKRUPP AG O.N.:

Technical

Technical analysis of this Daily chart of THYSSENKRUPP AG O.N. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.410	11.237	11.845	13.065	13.085	14.400	15.260
Change (%)	-27.98%	-13.99%	-9.34%	-	+0.15%	+10.22%	+16.80%
Change	-3.655	-1.828	-1.220	-	+0.020	+1.335	+2.195
Level	Major	Intermediate	Major	-	Major	Intermediate	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	11.727	12.203	12.572	13.048	13.417	13.893	14.262
Camarilla	12.708	12.785	12.863	12.940	13.018	13.095	13.172
Woodie	11.673	12.176	12.518	13.021	13.363	13.866	14.208
Fibonacci	12.203	12.526	12.726	13.048	13.371	13.571	13.893

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.703	11.912	12.258	12.467	12.813	13.022	13.368
Camarilla	12.452	12.503	12.554	12.605	12.656	12.707	12.758
Woodie	11.773	11.946	12.328	12.501	12.883	13.056	13.438
Fibonacci	11.912	12.124	12.255	12.467	12.679	12.810	13.022

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.425	9.505	11.105	12.185	13.785	14.865	16.465
Camarilla	11.968	12.214	12.459	12.705	12.951	13.196	13.442
Woodie	8.685	9.635	11.365	12.315	14.045	14.995	16.725
Fibonacci	9.505	10.529	11.161	12.185	13.209	13.841	14.865

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):	63.11
MACD (12,26,9):	0.2390
Directional Movement:	13.237
AROON (14):	64.286
DEMA (21):	12.927
Parabolic SAR (0,02-0,02-0,2):	12.190
Elder Ray (13):	0.185
Super Trend (3,10):	11.704
Zig ZAG (10):	13.060
VORTEX (21):	0.9670
Stochastique (14,3,5):	71.57
TEMA (21):	12.899
Williams %R (14):	-34.28
Chande Momentum Oscillator (20):	0.480
Repulse (5,40,3):	4.0170
ROCnROLL:	1
TRIX (15,9):	0.2890
Courbe Coppock:	2.62

MA7:	12.773
MA20:	12.601
MA50:	11.732
MA100:	11.751
MAexp7:	12.825
MAexp20:	12.589
MAexp50:	12.171
MAexp100:	12.152
Price / MA7:	+2.29%
Price / MA20:	+3.68%
Price / MA50:	+11.36%
Price / MA100:	+11.18%
Price / MAexp7:	+1.87%
Price / MAexp20:	+3.78%
Price / MAexp50:	+7.35%
Price / MAexp100:	+7.51%

News

Don"t forget to follow the news on THYSSENKRUPP AG 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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