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 08/15/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

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MORPHOSYS AG O.N. Chart

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 26.59 EUR

My targets

31.13 EUR (+9.50%)

33.24 EUR (+16.92%)

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 26.59 EUR. The buyers' bullish objective is set at 31.13 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 33.24 EUR. If there is any crossing, the next objective would be the resistance located at 50.22 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

7.3

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

MORPHOSYS AG O.N. rating 28.43 EUR. The price has increased by +0.89% since the last closing and was traded between 28.12 EUR and 29.02 EUR over the period. The price is currently at +1.10% from its lowest and -2.03% from its highest.

28.12

29.02

28.43

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.:

Technical

A technical analysis in Daily of this MORPHOSYS AG O.N. chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. 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

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	19.33	21.34	26.59	28.43	31.13	33.24	50.22
Change (%)	-32.01%	-24.94%	-6.47%	-	+9.50%	+16.92%	+76.64%
Change	-9.10	-7.09	-1.84	-	+2.70	+4.81	+21.79
Level	Intermediate	Intermediate	Major	-	Major	Minor	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	26.39	26.85	27.52	27.98	28.65	29.11	29.78
Camarilla	27.87	27.97	28.08	28.18	28.28	28.39	28.49
Woodie	26.49	26.90	27.62	28.03	28.75	29.16	29.88
Fibonacci	26.85	27.29	27.55	27.98	28.42	28.68	29.11

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.57	25.58	26.58	27.59	28.59	29.60	30.60
Camarilla	27.02	27.20	27.39	27.57	27.75	27.94	28.12
Woodie	24.56	25.58	26.57	27.59	28.58	29.60	30.59
Fibonacci	25.58	26.35	26.83	27.59	28.36	28.84	29.60

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.43	21.96	24.27	27.80	30.11	33.64	35.95
Camarilla	24.96	25.50	26.04	26.57	27.11	27.64	28.18
Woodie	17.81	21.66	23.65	27.50	29.49	33.34	35.33
Fibonacci	21.96	24.19	25.57	27.80	30.03	31.41	33.64

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):	55.06
MACD (12,26,9):	0.1100
Directional Movement:	9.95
AROON (14):	-7.14
DEMA (21):	28.07
Parabolic SAR (0,02-0,02-0,2):	30.13
Elder Ray (13):	0.68
Super Trend (3,10):	30.90
Zig ZAG (10):	28.49
VORTEX (21):	0.9800
Stochastique (14,3,5):	56.68
TEMA (21):	27.67
Williams %R (14):	-23.43
Chande Momentum Oscillator (20):	1.54
Repulse (5,40,3):	3.4900
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	7.65

MA7:	27.72
MA20:	28.27
MA50:	27.65
MA100:	23.79
MAexp7:	27.93
MAexp20:	27.86
MAexp50:	26.88
MAexp100:	24.67
Price / MA7:	+2.56%
Price / MA20:	+0.57%
Price / MA50:	+2.82%
Price / MA100:	+19.50%
Price / MAexp7:	+1.79%
Price / MAexp20:	+2.05%
Price / MAexp50:	+5.77%
Price / MAexp100:	+15.24%

Quotes : - 15 min delayed data - Germany Stocks

News

The latest news and videos published on MORPHOSYS AG O.N. at the time of the analysis were 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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