BECHTLE AG O.N. - 1H - Technical analysis published on 03/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 48.35 EUR
My targets
49.10 EUR (+0.70%)
49.95 EUR (+2.44%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BECHTLE AG O.N. as long as the price remains well above 48.35 EUR. The buyers' bullish objective is set at 49.10 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 49.95 EUR. If there is any crossing, the next objective would be the resistance located at 50.48 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8.2
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Additional analysis
Quotes
The BECHTLE AG O.N. rating is 48.76 EUR. The price registered a decrease of -0.18% on the session and was traded between 48.55 EUR and 48.93 EUR over the period. The price is currently at +0.43% from its lowest and -0.35% from its highest.48.55
48.93
48.76
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
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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BECHTLE AG O.N. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
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
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 47.38 | 48.00 | 48.35 | 48.76 | 49.10 | 49.95 | 50.48 |
| Change (%) | -2.83% | -1.56% | -0.84% | - | +0.70% | +2.44% | +3.53% |
| Change | -1.38 | -0.76 | -0.41 | - | +0.34 | +1.19 | +1.72 |
| Level | Intermediate | Intermediate | Major | - | Major | Major | Minor |
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 | 47.34 | 47.69 | 48.27 | 48.62 | 49.20 | 49.55 | 50.13 |
| Camarilla | 48.59 | 48.68 | 48.77 | 48.85 | 48.94 | 49.02 | 49.11 |
| Woodie | 47.46 | 47.75 | 48.39 | 48.68 | 49.32 | 49.61 | 50.25 |
| Fibonacci | 47.69 | 48.05 | 48.27 | 48.62 | 48.98 | 49.20 | 49.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.31 | 46.20 | 47.23 | 48.12 | 49.15 | 50.04 | 51.07 |
| Camarilla | 47.74 | 47.92 | 48.09 | 48.27 | 48.45 | 48.62 | 48.80 |
| Woodie | 45.39 | 46.24 | 47.31 | 48.16 | 49.23 | 50.08 | 51.15 |
| Fibonacci | 46.20 | 46.93 | 47.38 | 48.12 | 48.85 | 49.30 | 50.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.85 | 43.34 | 45.50 | 47.99 | 50.15 | 52.64 | 54.80 |
| Camarilla | 46.38 | 46.81 | 47.23 | 47.66 | 48.09 | 48.51 | 48.94 |
| Woodie | 40.69 | 43.26 | 45.34 | 47.91 | 49.99 | 52.56 | 54.64 |
| Fibonacci | 43.34 | 45.12 | 46.21 | 47.99 | 49.77 | 50.86 | 52.64 |
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): | 64.47 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 6.04 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 48.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 47.95 | |
| Elder Ray (13): | 0.31 | |
| Super Trend (3,10): | 48.15 | |
| Zig ZAG (10): | 48.80 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 83.45 | |
| TEMA (21): | 48.69 | |
| Williams %R (14): | -17.53 | |
| Chande Momentum Oscillator (20): | 0.44 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.62 |
| MA7: | 48.37 | |
| MA20: | 48.23 | |
| MA50: | 47.38 | |
| MA100: | 45.71 | |
| MAexp7: | 48.63 | |
| MAexp20: | 48.43 | |
| MAexp50: | 48.26 | |
| MAexp100: | 48.19 | |
| Price / MA7: | +0.81% | |
| Price / MA20: | +1.10% | |
| Price / MA50: | +2.91% | |
| Price / MA100: | +6.67% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.68% | |
| Price / MAexp50: | +1.04% | |
| Price / MAexp100: | +1.18% |
Quotes :
-
15 min delayed data
-
Germany Stocks
News
The latest news and videos published on BECHTLE AG O.N. at the time of the analysis were as follows:
- EQS-News: Bechtle continues successful streak in 2023
- EQS-Adhoc: Bechtle AG: Bechtle AG successfully places €300 million convertible bonds
- EQS-Adhoc: Bechtle AG: Bechtle AG launches offering of up to €300 million convertible bonds
- EQS-News: Bechtle Continues to Record Profitable Growth in Third Quarter
- EQS-News: Bechtle Confirms Forecast after Successful Q2
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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