MORPHOSYS AG O.N.

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	MOR
ISIN:	DE0006632003

MORPHOSYS AG O.N. - 1H - Technical analysis published on 06/23/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
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MORPHOSYS AG O.N. Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 27.96 EUR

My targets

28.74 EUR (+0.60%)

29.42 EUR (+2.98%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MORPHOSYS AG O.N. as long as the price remains well above 27.96 EUR. The buyers' bullish objective is set at 28.74 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 29.42 EUR. If there is any crossing, the next objective would be the resistance located at 30.00 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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. price is 28.57 EUR. On the day, this instrument gained +2.99% with the lowest point at 27.66 EUR and the highest point at 29.04 EUR. The deviation from the price is +3.29% for the low point and -1.62% for the high point.

27.66

29.04

28.57

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

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 MORPHOSYS AG O.N. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

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

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	24.68	26.97	27.96	28.57	28.74	29.42	30.00
Change (%)	-13.62%	-5.60%	-2.14%	-	+0.60%	+2.98%	+5.01%
Change	-3.89	-1.60	-0.61	-	+0.17	+0.85	+1.43
Level	Minor	Intermediate	Major	-	Minor	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.40	26.69	27.22	27.51	28.04	28.33	28.86
Camarilla	27.52	27.59	27.67	27.74	27.82	27.89	27.97
Woodie	26.51	26.75	27.33	27.57	28.15	28.39	28.97
Fibonacci	26.69	27.01	27.20	27.51	27.83	28.02	28.33

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.20	23.14	25.54	27.48	29.88	31.82	34.22
Camarilla	26.75	27.14	27.54	27.94	28.34	28.74	29.13
Woodie	21.43	23.26	25.77	27.60	30.11	31.94	34.45
Fibonacci	23.14	24.80	25.82	27.48	29.14	30.16	31.82

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.82	14.67	19.23	22.08	26.64	29.49	34.05
Camarilla	21.76	22.44	23.12	23.80	24.48	25.16	25.84
Woodie	12.69	15.10	20.10	22.51	27.51	29.92	34.92
Fibonacci	14.67	17.50	19.25	22.08	24.91	26.66	29.49

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.11
MACD (12,26,9):	0.2700
Directional Movement:	19.36
AROON (14):	42.85
DEMA (21):	28.16
Parabolic SAR (0,02-0,02-0,2):	27.13
Elder Ray (13):	0.53
Super Trend (3,10):	27.41
Zig ZAG (10):	28.63
VORTEX (21):	1.1500
Stochastique (14,3,5):	79.19
TEMA (21):	28.36
Williams %R (14):	-20.00
Chande Momentum Oscillator (20):	1.04
Repulse (5,40,3):	1.8600
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	5.10

MA7:	27.50
MA20:	26.42
MA50:	22.96
MA100:	19.75
MAexp7:	28.29
MAexp20:	27.87
MAexp50:	27.59
MAexp100:	27.17
Price / MA7:	+3.89%
Price / MA20:	+8.14%
Price / MA50:	+24.43%
Price / MA100:	+44.66%
Price / MAexp7:	+0.99%
Price / MAexp20:	+2.51%
Price / MAexp50:	+3.55%
Price / MAexp100:	+5.15%

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.

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Londinia AI

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