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 10/10/2023 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

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MORPHOSYS AG O.N. Chart

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bearish

Technical indicators

72%

22%

My opinion

Neutral between 23.12 EUR and 24.07 EUR

My targets

My analysis

The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 24.07 EUR. The first support is located at 23.12 EUR. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by MORPHOSYS AG O.N..

Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.

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 23.68 EUR. The price registered an increase of +4.41% on the session with the lowest point at 22.83 EUR and the highest point at 24.24 EUR. The deviation from the price is +3.72% for the low point and -2.31% for the high point.

22.83

24.24

23.68

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of MORPHOSYS AG O.N. indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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 : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	19.33	21.59	22.44	23.68	24.07	26.57	27.94
Change (%)	-18.37%	-8.83%	-5.24%	-	+1.65%	+12.20%	+17.99%
Change	-4.35	-2.09	-1.24	-	+0.39	+2.89	+4.26
Level	Major	Intermediate	Intermediate	-	Intermediate	Intermediate	Major

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	21.50	22.05	22.37	22.92	23.24	23.79	24.11
Camarilla	22.44	22.52	22.60	22.68	22.76	22.84	22.92
Woodie	21.38	21.99	22.25	22.86	23.12	23.73	23.99
Fibonacci	22.05	22.39	22.59	22.92	23.26	23.46	23.79

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.80	20.62	22.05	23.87	25.30	27.12	28.55
Camarilla	22.59	22.88	23.18	23.48	23.78	24.08	24.37
Woodie	18.61	20.52	21.86	23.77	25.11	27.02	28.36
Fibonacci	20.62	21.86	22.63	23.87	25.11	25.88	27.12

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.73	20.42	23.12	27.81	30.51	35.20	37.90
Camarilla	23.80	24.48	25.15	25.83	26.51	27.19	27.86
Woodie	14.75	19.92	22.14	27.31	29.53	34.70	36.92
Fibonacci	20.42	23.24	24.98	27.81	30.63	32.37	35.20

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):	58.52
MACD (12,26,9):	0.0400
Directional Movement:	12.93
AROON (14):	21.43
DEMA (21):	23.30
Parabolic SAR (0,02-0,02-0,2):	22.76
Elder Ray (13):	0.45
Super Trend (3,10):	22.73
Zig ZAG (10):	23.76
VORTEX (21):	1.0900
Stochastique (14,3,5):	81.60
TEMA (21):	23.58
Williams %R (14):	-29.45
Chande Momentum Oscillator (20):	0.51
Repulse (5,40,3):	-0.2100
ROCnROLL:	-1
TRIX (15,9):	-0.0400
Courbe Coppock:	1.05

MA7:	23.46
MA20:	26.75
MA50:	27.73
MA100:	27.35
MAexp7:	23.50
MAexp20:	23.31
MAexp50:	23.73
MAexp100:	24.84
Price / MA7:	+0.94%
Price / MA20:	-11.48%
Price / MA50:	-14.61%
Price / MA100:	-13.42%
Price / MAexp7:	+0.77%
Price / MAexp20:	+1.59%
Price / MAexp50:	-0.21%
Price / MAexp100:	-4.67%

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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