MORPHOSYS AG O.N.

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	MOR
ISIN:	DE0006632003

MORPHOSYS AG O.N. - Daily - Technical analysis published on 01/04/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

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MORPHOSYS AG O.N. Chart

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

39%

My opinion

Bearish under 14.400 EUR

My targets

13.938 EUR (-0.87%)

11.845 EUR (-15.75%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 14.400 EUR remains possible. It is advisable to trade MORPHOSYS AG O.N. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 14.400 EUR. The next bearish objective for sellers is set at 13.938 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11.845 EUR. PS: if there is a bullish break in the resistance located at 14.400 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.6

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 Londinia.

Additional analysis

Quotes

The MORPHOSYS AG O.N. rating is 14.060 EUR. On the day, this instrument gained +4.38% and was between 13.250 EUR and 14.085 EUR. This implies that the price is at +6.11% from its lowest and at -0.18% from its highest.

13.250

14.085

14.060

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of MORPHOSYS AG O.N. indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages 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

In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	11.845	14.060	14.400	17.335	20.916
Change (%)	-15.75%	-	+2.42%	+23.29%	+48.76%
Change	-2.215	-	+0.340	+3.275	+6.856
Level	Major	-	Intermediate	Minor	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	12.137	12.483	12.977	13.323	13.817	14.163	14.657
Camarilla	13.239	13.316	13.393	13.470	13.547	13.624	13.701
Woodie	12.210	12.520	13.050	13.360	13.890	14.200	14.730
Fibonacci	12.483	12.804	13.003	13.323	13.644	13.843	14.163

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.375	11.090	12.150	12.865	13.925	14.640	15.700
Camarilla	12.722	12.885	13.047	13.210	13.373	13.535	13.698
Woodie	10.548	11.176	12.323	12.951	14.098	14.726	15.873
Fibonacci	11.090	11.768	12.187	12.865	13.543	13.962	14.640

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.082	8.943	11.077	13.938	16.072	18.933	21.067
Camarilla	11.836	12.294	12.752	13.210	13.668	14.126	14.584
Woodie	5.718	8.761	10.713	13.756	15.708	18.751	20.703
Fibonacci	8.943	10.851	12.030	13.938	15.846	17.025	18.933

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):	47.52
MACD (12,26,9):	-0.7580
Directional Movement:	-11.450
AROON (14):	-64.286
DEMA (21):	12.680
Parabolic SAR (0,02-0,02-0,2):	11.805
Elder Ray (13):	0.220
Super Trend (3,10):	14.175
Zig ZAG (10):	13.985
VORTEX (21):	0.8590
Stochastique (14,3,5):	52.18
TEMA (21):	12.846
Williams %R (14):	-33.84
Chande Momentum Oscillator (20):	1.035
Repulse (5,40,3):	12.9970
ROCnROLL:	-1
TRIX (15,9):	-0.9310
Courbe Coppock:	24.46

MA7:	13.108
MA20:	13.840
MA50:	15.848
MA100:	17.745
MAexp7:	13.368
MAexp20:	13.809
MAexp50:	15.486
MAexp100:	17.269
Price / MA7:	+7.26%
Price / MA20:	+1.59%
Price / MA50:	-11.28%
Price / MA100:	-20.77%
Price / MAexp7:	+5.18%
Price / MAexp20:	+1.82%
Price / MAexp50:	-9.21%
Price / MAexp100:	-18.58%

Quotes : - 15 min delayed data - Germany Stocks

News

The last news published on MORPHOSYS AG O.N. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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