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 07/28/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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MORPHOSYS AG O.N. Chart

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bullish

Technical indicators

11%

56%

33%

My opinion

Bullish above 25.82 EUR

My targets

28.00 EUR (+4.36%)

31.13 EUR (+16.03%)

My analysis

The basic trend is bullish on MORPHOSYS AG O.N. and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 25.82 EUR. Sellers would then use the next support located at 23.95 EUR as an objective. Crossing it would then enable sellers to target 19.33 EUR. If there is a return to above the resistance located at 28.00 EUR, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 31.13 EUR and 33.24 EUR by extension.

Technical indicators are opposing the general bullish 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

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 26.83 EUR. The price has increased by +0.90% since the last closing and was between 26.15 EUR and 26.95 EUR. This implies that the price is at +2.60% from its lowest and at -0.45% from its highest.

26.15

26.95

26.83

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this MORPHOSYS AG O.N. chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Bullish harami

Type : Bullish

Timeframe : Daily

Bullish harami cross

Type : Bullish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	16.52	19.33	25.82	26.83	28.00	31.13	33.24
Change (%)	-38.43%	-27.95%	-3.76%	-	+4.36%	+16.03%	+23.89%
Change	-10.31	-7.50	-1.01	-	+1.17	+4.30	+6.41
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	22.39	24.25	25.42	27.28	28.45	30.31	31.48
Camarilla	25.76	26.04	26.31	26.59	26.87	27.15	27.42
Woodie	22.05	24.08	25.08	27.11	28.11	30.14	31.14
Fibonacci	24.25	25.41	26.12	27.28	28.44	29.15	30.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.40	26.71	28.73	30.04	32.06	33.37	35.39
Camarilla	29.84	30.15	30.46	30.76	31.07	31.37	31.68
Woodie	25.77	26.89	29.10	30.22	32.43	33.55	35.76
Fibonacci	26.71	27.98	28.77	30.04	31.31	32.10	33.37

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.65	20.68	23.95	26.98	30.25	33.28	36.55
Camarilla	25.50	26.08	26.65	27.23	27.81	28.39	28.96
Woodie	17.78	20.74	24.08	27.04	30.38	33.34	36.68
Fibonacci	20.68	23.08	24.57	26.98	29.38	30.87	33.28

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):	43.94
MACD (12,26,9):	0.5400
Directional Movement:	-4.31
AROON (14):	-28.57
DEMA (21):	29.08
Parabolic SAR (0,02-0,02-0,2):	31.24
Elder Ray (13):	-1.89
Super Trend (3,10):	30.76
Zig ZAG (10):	26.73
VORTEX (21):	0.9700
Stochastique (14,3,5):	23.34
TEMA (21):	28.68
Williams %R (14):	-88.15
Chande Momentum Oscillator (20):	-0.40
Repulse (5,40,3):	-7.7200
ROCnROLL:	-1
TRIX (15,9):	0.4500
Courbe Coppock:	13.14

MA7:	29.14
MA20:	28.15
MA50:	26.84
MA100:	22.22
MAexp7:	28.30
MAexp20:	28.21
MAexp50:	26.42
MAexp100:	23.87
Price / MA7:	-7.93%
Price / MA20:	-4.69%
Price / MA50:	-0.04%
Price / MA100:	+20.75%
Price / MAexp7:	-5.19%
Price / MAexp20:	-4.89%
Price / MAexp50:	+1.55%
Price / MAexp100:	+12.40%

Quotes : - 15 min delayed data - Germany Stocks

News

Don't forget to follow the news on MORPHOSYS 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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