STROEER SE + CO. KGAA - 1H - Technical analysis published on 08/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 58.18 EUR
My targets
59.82 EUR (+1.91%)
61.85 EUR (+5.37%)
My analysis
The basic trend is currently slightly bullish on STROEER SE + CO. KGAA and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 58.18 EUR, purchases could be favourable. The first bullish objective would be the resistance located at 59.82 EUR. Then the price could move towards 61.85 EUR. Then 62.64 EUR by extension. A return under the support to 58.18 EUR could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
STROEER SE + CO. KGAA rating 58.70 EUR. The price registered a decrease of -0.17% on the session and was traded between 58.60 EUR and 59.20 EUR over the period. The price is currently at +0.17% from its lowest and -0.84% from its highest.58.60
59.20
58.70
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of STROEER SE + CO. KGAA in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 55.23 | 57.48 | 58.18 | 58.70 | 58.94 | 59.82 | 61.85 |
| Change (%) | -5.91% | -2.08% | -0.89% | - | +0.41% | +1.91% | +5.37% |
| Change | -3.47 | -1.22 | -0.52 | - | +0.24 | +1.12 | +3.15 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57.93 | 58.17 | 58.48 | 58.72 | 59.03 | 59.27 | 59.58 |
| Camarilla | 58.65 | 58.70 | 58.75 | 58.80 | 58.85 | 58.90 | 58.95 |
| Woodie | 57.98 | 58.19 | 58.53 | 58.74 | 59.08 | 59.29 | 59.63 |
| Fibonacci | 58.17 | 58.38 | 58.51 | 58.72 | 58.93 | 59.06 | 59.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.28 | 56.87 | 57.78 | 58.37 | 59.28 | 59.87 | 60.78 |
| Camarilla | 58.29 | 58.43 | 58.56 | 58.70 | 58.84 | 58.98 | 59.11 |
| Woodie | 56.45 | 56.95 | 57.95 | 58.45 | 59.45 | 59.95 | 60.95 |
| Fibonacci | 56.87 | 57.44 | 57.79 | 58.37 | 58.94 | 59.29 | 59.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.38 | 56.07 | 59.28 | 61.97 | 65.18 | 67.87 | 71.08 |
| Camarilla | 60.88 | 61.42 | 61.96 | 62.50 | 63.04 | 63.58 | 64.12 |
| Woodie | 53.65 | 56.20 | 59.55 | 62.10 | 65.45 | 68.00 | 71.35 |
| Fibonacci | 56.07 | 58.32 | 59.71 | 61.97 | 64.22 | 65.61 | 67.87 |
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): | 53.35 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 3.97 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 58.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 58.51 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 58.32 | |
| Zig ZAG (10): | 58.70 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 45.28 | |
| TEMA (21): | 58.84 | |
| Williams %R (14): | -62.50 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -1.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.32 |
| MA7: | 58.44 | |
| MA20: | 59.78 | |
| MA50: | 60.95 | |
| MA100: | 61.43 | |
| MAexp7: | 58.74 | |
| MAexp20: | 58.65 | |
| MAexp50: | 58.52 | |
| MAexp100: | 58.90 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | -1.81% | |
| Price / MA50: | -3.69% | |
| Price / MA100: | -4.44% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | -0.34% |
Quotes :
-
15 min delayed data
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Germany Stocks
News
The latest news and videos published on STROEER SE + CO. KGAA at the time of the analysis were as follows:
- EQS-News: Ströer SE & Co. KGaA: Notification pursuant to section 49 (1) sentence 1 no. 2 WpHG (resolution on the retirement of treasury shares and reduction of share capital)
- EQS-Adhoc: Ströer SE & Co. KGaA: Ströer decides to amend its capital allocation strategy and approves initial share buyback of up to EUR 50m
- DGAP-Adhoc: Ströer SE & Co. KGaA: After an excellent first quarter in 2020, Ströer is optimally prepared for the coronavirus crisis - effects on revenue and earnings expected for fiscal year 2020
- DGAP-Adhoc: Ströer SE & Co. KGaA: Board of management and supervisory board propose dividend of EUR 2.00 (prior year: EUR 1.30). Increase in dividend payout to between 50% and 75% (previously 25% to 50%).
- DGAP-News: Ströer SE & Co. KGaA: Ströer continues on a successful course in the third quarter and expects more profitable growth in 2018
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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